For Sale
$1,455,468

9325 Dayton PikeSoddy-Daisy, TN 37379

7.15% Cap Rate, 4.9 Years Remaining

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 3,600 square foot medical office building in Soddy-Daisy, Tennessee, currently leased to Fast Pace Urgent Care. The property boasts a strong 7.15% cap rate and a substantial remaining lease term of approximately 4.9 years, extending to October 5, 2029, with two six-year renewal options. The lease is a Net Lease (NN+) structure with a corporate guarantee from a financially stable tenant, minimizing landlord responsibilities. Annual rent increases of 1.25% ensure consistent income growth. Located on a 0.63-acre lot at 9325 Dayton Pike, the building was constructed in 2017 and enjoys 100% occupancy. The property benefits from a prime location near major retailers including Walmart, Walgreens, and CVS, and is strategically positioned near CHI Memorial Hospital and Erlanger North Hospital, creating strong medical synergy. The area's demographics are favorable, with a high average household income and a large population within a five-mile radius. The tenant, Fast Pace Urgent Care, is a rapidly expanding national healthcare provider, further enhancing the investment's stability and long-term potential. The building's NOI is $104,067. This is a fee-simple ownership opportunity with minimal landlord obligations, including roof and structure maintenance covered by a long-term warranty. The asking price is $1,455,468.

Highlights

  • 3,600 SF medical office building in Soddy-Daisy, TN, leased to Fast Pace Urgent Care.
  • 7.15% cap rate with a 4.9-year lease term (to 10/5/2029) plus two 6-year options.
  • Net Lease (NN+) with corporate guarantee and 1.25% annual rent increases.
  • Located on a 0.63-acre lot at 9325 Dayton Pike, built in 2017, 100% occupied.
  • $1,455,468 asking price; $104,067 NOI; fee-simple ownership with minimal landlord responsibilities.

Property Details for 9325 Dayton Pike

Property type
Office properties, Medical offices
Square Feet
3,600 SF
Year Built
2017
Lot Size (sq. ft)
27,443 SF

Location Insight

City
Soddy-Daisy
County
Hamilton
State
Tennessee
Latitude
35.234794571122
Longitude
-85.202646866195
9325 Dayton Pike, Soddy-Daisy, Tennessee

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9325 Dayton Pike
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