Expired Ad   Investment or Owner Occupied $650,000 in Mcminnville, TN

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  Expired Ad   Investment or Owner Occupied $650,000

Sq. Feet 4800
Year built 2005
The Lease has been extended through Dec 2020 with a 6.6% rent increase starting in Jan 2019. Building can be owner occupied at end of lease or a new lease may be put in place with the current long term tenant. Building is on 4 lane highway #70 roughly a mile from Saint Thomas River Park Hospital. Also I have another similar building in Smithville, TN. These buildings can be purchased together or separately. At this price the current Cap rate is 9.0.
Both are in Great locations and maintained in top condition. Owner/Agent
These buildings possibly could stay rented to current long term tenants or be used as Medical, Insurance, Professional Office space when lease expires.
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Davis Rental Properties
Mcminnville, TN 37110
   Ad Details
Ad #5822560
Price $650,000
PostedJanuary 17, 2019
3:15 pm
EndedFebruary 17, 2019
Email seller: Drphome
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