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DaVita, Inc. 50 Taylor Ave 6,464 SF Office Building Huntingdon, TN 38344 $2,201,769 ($340.62/SF) 6.45% Cap Rate
INVESTMENT HIGHLIGHTS
- No Early Termination or Kick-Out Clause
- Growing Industry Insulated from Macroeconomic Changes
- Long-Term, Passive Lease with Rent Growth
- Leading Operator with Strong Guarantee
- New Prototype Design
- Strong Demographics in Tourist Area
EXECUTIVE SUMMARY
Northmarq is pleased to offer for sale to qualified investors the opportunity to acquire the fee simple interest in the building of a single-tenant medical office facility located in Huntingdon, Tennessee (the "Property").
The Property consists of 2.94 acres and a one-story, 6,464-square-foot medical office building that was built-to-suit in 2022 to the exact specifications of the Tenant. The Property is located along East Main Street in the center of Huntingdon where approximately 10k vehicles pass per day. There are approximately 15,000 in population in a ten-mile radius with an average household income in excess of $68,000 annually.
The Tenant recently completed a comprehensive ground-up build-to-suit to the exact standards of its brand-new prototype that is at the top end of the kidney care industry from a patient-quality and energy-efficiency design standard. The initial term of the lease is for fifteen (15) years and will feature three (3), five (5) year renewal options.
In Assocation With: Jeff McKinney - Tennessee Lic. #241553
The Property consists of 2.94 acres and a one-story, 6,464-square-foot medical office building that was built-to-suit in 2022 to the exact specifications of the Tenant. The Property is located along East Main Street in the center of Huntingdon where approximately 10k vehicles pass per day. There are approximately 15,000 in population in a ten-mile radius with an average household income in excess of $68,000 annually.
The Tenant recently completed a comprehensive ground-up build-to-suit to the exact standards of its brand-new prototype that is at the top end of the kidney care industry from a patient-quality and energy-efficiency design standard. The initial term of the lease is for fifteen (15) years and will feature three (3), five (5) year renewal options.
In Assocation With: Jeff McKinney - Tennessee Lic. #241553
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
6,464 SF
Building Class
B
Year Built
2022
Price
$2,201,769
Price Per SF
$340.62
Cap Rate
6.45%
NOI
$142,014
Tenancy
Single
Building Height
1 Story
Typical Floor Size
6,464 SF
Building FAR
0.05
Lot Size
2.94 AC
Opportunity Zone
Yes
Zoning
00
Parking
25 Spaces (3.4 Spaces per 1,000 SF Leased)
1 1
PROPERTY TAXES
| Parcel Number | 073L-G-008.00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $347,080 |
PROPERTY TAXES
Parcel Number
073L-G-008.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$347,080
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DaVita, Inc. | 50 Taylor Ave
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