Sevierville Medical Office 675 Middle Creek Rd 14,135 SF 100% Leased Office Building Sevierville, TN 37862 For Sale

Zeustra, LLC (“Zeustra”) is pleased to present this exclusive investment opportunity: 675 Middle Creek Road, a 14,135-square-foot, 100% leased medical office building strategically located within Sevierville’s primary medical corridor, immediately adjacent to Covenant Health’s LeConte Medical Center, the dominant full-service hospital serving Sevier County and the surrounding East Tennessee region. The property benefits from direct access to the area’s primary healthcare hub and is positioned within a dense concentration of medical users, including the VA Medical Center, Sevier County Health Department, and the Burchfiel Medical Professional Building, reinforcing long-term referral-driven demand and tenant retention.

The asset is fully leased to Summit Medical Group, a leading regional, physician-led healthcare provider, and English Mountain Recovery, a nationally recognized behavioral health operator backed by Summit Behavioral Healthcare. Both tenants have demonstrated long-term commitment through significant tenant-funded capital investment, including a $600,000 interior renovation completed by Summit Medical Group in 2023 and a $100,000 renovation underway by English Mountain Recovery. Leases are structured on a triple-net (NNN) basis, generating $256,700 of in-place NOI with a weighted average lease term (WALT) of approximately 10.3 years, providing durable, inflation-resistant cash flow and limited near-term capital exposure for incoming ownership.

Positioned directly adjacent to LeConte Medical Center, the property benefits from strong and durable demand drivers tied to hospital-oriented outpatient care, physician referral patterns, and limited availability of hospital-adjacent medical office space. LeConte Medical Center serves as the primary acute-care hospital for Sevier County and the surrounding East Tennessee region and is part of the broader Covenant Health system, reinforcing the long-term stability and relevance of the location. The surrounding medical corridor includes a dense concentration of healthcare providers, supporting sustained outpatient utilization and tenant retention.

Sevierville and the greater Sevier County market continue to experience steady population growth and increasing healthcare utilization, supported by a robust tourism-driven economy, in-migration, and continued investment in regional healthcare infrastructure. These factors have driven sustained demand for outpatient medical and behavioral health services, particularly in proximity to hospital campuses where tenant retention and re-leasing prospects remain strongest.

The offering is well suited for local private capital, 1031 exchange buyers, and regional or national healthcare-focused investors seeking stable yield and long term appreciation in a supply-constrained medical submarket anchored by an established healthcare system.