609 McFarland St | Morristown, TN 37814
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- LoopNet Team
609 McFarland St
Morristown, TN 37814
East Tennessee OBGYN | 8.00% Cap Rate · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Medical Office Building – Medical tenants are highly sought after by investors to withstand economic downturns and eCommerce consumer trends.
- Ideal Lease Terms – This opportunity features a NNN lease on nearly 75% of the total building, limiting the landlord’s exposure to expenses
- Hospital Proximity – This site is located adjacent to the Morristown-Hamblen Hospital, a member of the Covenant Health System.
- This ability to perform during times of drastic change can bring confidence to an investor over other more vulnerable tenant types
- Multi-Tenant Facility – The building is fully occupied by two medical tenants, with Healthstar being the primary tenant and East Tennessee Nephrology
PROPERTY FACTS
Property Type
Office
Property Subtype
Medical
Building Size
15,212 SF
Building Class
B
Year Built
2007
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
7,690 SF
Building FAR
0.29
Lot Size
1.20 AC
Zoning
OMP
Parking
10 Spaces (0.65 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 033L-B-004.00 | Improvements Assessment | $745,320 |
| Land Assessment | $74,160 | Total Assessment | $819,480 |
PROPERTY TAXES
Parcel Number
033L-B-004.00
Land Assessment
$74,160
Improvements Assessment
$745,320
Total Assessment
$819,480
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