15 Yr NNN Medical Condo | Rent Bumps

8K Medical Office Building

15 YR NNN MEDICAL CONDO
Sevierville, TN

PRICE All Offers Considered
GLA 8,048 SF
PROPERTY TYPE Medical Office Condo
LEASE TERM/TYPE 15 Years / NNN
YEAR BUILT 1987/2022
Downloads
OFFERING MEMORANDUM
FLYER

MARKETING
marketing@biltcommercial.com
(516) 684-9003
DEMOGRAPHICS
  Population           16,743
 Per Capita Inc      $22,615
 Median HH Inc    $43,233
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INVESTMENT HIGHLIGHTS

  • Medical Office Condo leased to East Tennessee’s largest primary care organization, with more than 375 providers at 82 locations across 15 counties
  • New 15 year NNN lease with 3% annual rent increases
  • Corporate Guarantee
  • The tenant’s space is currently undergoing a $250K renovation
  • Directly across from a major national Hospital (2021 Top Rural Hospital)
  • Next to several Medical Centers and Buildings
  • The building was originally planned as a Medical Office Condo development and the suites are individually deeded
  • A major tourist destination (9 million annual visitors) serving as the gateway to the Great Smokey Mountains National Park
  • Entire 13,500 SF building may be purchased. Other tenant is a national medical tenant (lease exp. 2025).  Contact Broker for more information

Price:All Offers Considered
City:Sevier County
State:TN
Square Feet:8,048 SF
Price:All Offers Considered
Cap Rate:-

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