For Sale
$10,252,280
805 ParkwayJackson, TN 38305
High-yield, net-leased medical office
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 115
Highlights
- $10,252,280 asking price for a 40,576 SF medical office building in Jackson, TN.
- 7.8 years remaining on a 10-year net lease with West Tennessee Healthcare, Inc., a leading regional healthcare provider with an A-credit rating.
- Annual 2% rent increases built into the lease.
- Double Net (NN) lease with landlord responsibilities limited to roof and structure.
- 7.00% cap rate with a $717,659 NOI.
- The property's healthcare focus provides market resilience.
Property Details for 805 Parkway
- Property type
- Office properties, Medical offices
- Square Feet
- 40,576 SF
- Year Built
- 1993
- Lot Size (sq. ft)
- 129,809 SF
Location Insight
- City
- Jackson
- County
- Madison
- State
- Tennessee
- Latitude
- 35.652061198648
- Longitude
- -88.834088287388
805 Parkway, Jackson, Tennessee
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