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APEX CARDIOLOGY | 7.5% Cap | 10 Yr Abs NNN 557 W Park Pl 4,336 SF Office Building Henderson, TN 38340 $1,781,000 ($410.75/SF) 7.50% Cap Rate
Investment Highlights
- Medical Office Building: Healthcare Real Estate has a strong reputation as a favorable asset due to the tenants’ tendency towards long-term lease.
- Advantageous Return: At a 7.50% return, this investment provides an attractive return which is necessary in today’s interest rate environment.
- Income Tax Free State: Tennessee is one of the nine states with no income taxes, making this asset highly favorable from increased.
- Annual Rental Increases: Maintain growth of your investment dollars by hedging against inflation with annual rental increases.
- Passive Ownership: Maintain a “hands-off” approach with the absolute NNN lease included with this asset.
- Easily Accessible: Apex Cardiology is easily accessible, just off US Route 45, with a ground level entrance and immediate parking.
Executive Summary
Broker of Record
Hutt Cooke
License No. 263667 (TN)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
Hutt Cooke
License No. 263667 (TN)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
Property Facts
Sale Type
Investment
Sale Condition
Sale Leaseback
Property Type
Office
Property Subtype
Building Size
4,336 SF
Building Class
C
Year Built
1995
Price
$1,781,000
Price Per SF
$410.75
Cap Rate
7.50%
NOI
$133,575
Tenancy
Single
Building Height
1 Story
Typical Floor Size
4,336 SF
Building FAR
0.25
Lot Size
0.40 AC
Zoning
B1
Amenities
- Wheelchair Accessible
1 1
Property Taxes
| Parcel Number | 033O-B-009.00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $96,240 |
Property Taxes
Parcel Number
033O-B-009.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$96,240
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APEX CARDIOLOGY | 7.5% Cap | 10 Yr Abs NNN | 557 W Park Pl
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