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Dialysis Care Center 905 Clingan Ridge Dr NW 7,284 SF Office Building Cleveland, TN 37312 $3,423,000 ($469.93/SF) 6.25% Cap Rate
Investment Highlights
- A well-maintained medical office building in Cleveland, TN.
- This property features a newly executed 10-year NNN lease, providing secure income with steady annual rent increases.
- Fully leased to Dialysis Care Center, a fast-growing national tenant headquartered in Illinois with multiple locations across the U.S.
- Ideal for investors seeking stability and growth, this prime property offers the unique benefit of a reputable tenant.
Executive Summary
A well-maintained medical office building in Cleveland, TN, fully leased to Dialysis Care Center, a fast-growing national tenant headquartered in Illinois with multiple locations across the U.S. This property features a newly executed 10-year NNN lease, providing secure income with steady annual rent increases. Cleveland’s rapidly growing population and robust economy enhance this asset's long-term value and potential. Ideal for investors seeking stability and growth, this prime property offers the unique benefit of a reputable tenant in the thriving healthcare sector. Don’t miss this exceptional investment opportunity in a high-demand market.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
7,284 SF
Building Class
B
Year Built
1997
Price
$3,423,000
Price Per SF
$469.93
Cap Rate
6.25%
NOI
$213,950
Tenancy
Single
Building Height
1 Story
Typical Floor Size
7,284 SF
Building FAR
0.11
Lot Size
1.59 AC
Zoning
CH
Parking
41 Spaces (5.63 Spaces per 1,000 SF Leased)
Amenities
- Security System
- Signage
- Air Conditioning
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Moderately walkable
60/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 041L-E-001.02 | Improvements Assessment | $392,000 |
| Land Assessment | $112,320 | Total Assessment | $504,320 |
Property Taxes
Parcel Number
041L-E-001.02
Land Assessment
$112,320
Improvements Assessment
$392,000
Total Assessment
$504,320
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Contact the Sale Advisor
Dialysis Care Center | 905 Clingan Ridge Dr NW