|Sq. Feet ||4800 |
|Year built ||2005 |
|Features || |
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.