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

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Investment or Owner Occupied $650,000

Mcminnville, TN
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Sq. Feet 4800
Year built 2005
Features
Office
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 8.3 and will increase to approx. 9.0 with rent increase in January 2019.
Both are in Great locations and maintained in top condition. Owner/Agent
These buildings may stay rented to current long term tenants or be used as Medical, Insurance, Professional Office space when lease expires.
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Seller
Davis Rental Properties
Drphome
Mcminnville, TN 37110
   Ad Details
Ad #5822560
Price $650,000
CategoryCommercial
PostedNovember 21, 2018
8:50 am
EndsDecember 21
Views723
SellerDrphome
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