For Sale
$3,100,000
204 Maddox-Simpson Pkwy Lebanon, TN 37090
Gov't Leased, 10-Year Lease, High NOI
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 135
Highlights
- $3,100,000 asking price, 6.50% cap rate, $200,948 NOI.
- 9,955 SF single-story brick building on a 1.81-acre lot in Lebanon, TN (Nashville MSA).
- 10-year lease with the State of Tennessee (Department of Safety & Homeland Security) commencing December 1, 2024.
- 100% occupancy; tenant pays all utilities and janitorial; AAA+ credit rating.
- Recently renovated ($1.125 million) including roof, windows, HVAC, plumbing, and electrical.
- 128 parking spaces.
Property Details for 204 Maddox-Simpson Pkwy
- Property type
- Office properties
- Square Feet
- 9,955 SF
- Year Built/Renovated
- 2012/2024
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 78,844 SF
- Units
- 1
Location Insight
- City
- Lebanon
- County
- Wilson
- State
- Tennessee
- Latitude
- 36.1728574
- Longitude
- -86.2979779
Nearby Similar for Sale
FAQs
- What type of property is this?
- Office property - Gov't Leased, 10-Year Lease, High NOI
- Where is the office property located?
- The property is located at 204 Maddox-Simpson Pkwy Lebanon, TN.
- What is the asking price?
- The asking price for this property is $3,100,000.
- What are key features of this property?
- This property features: $3,100,000 asking price, 6.50% cap rate, $200,948 NOI.; 9,955 SF single-story brick building on a 1.81-acre lot in Lebanon, TN (Nashville MSA).; 10-year lease with the State of Tennessee (Department of Safety & Homeland Security) commencing December 1, 2024.
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