204 Maddox-Simpson PkwyLebanon, TN 37090

Property Details for 204 Maddox-Simpson Pkwy

Year built

2012

Lot size

1.81 AC

Property size (Sq ft)

9,955 SF

Property type

Office properties

Property subtype

Other office properties

Description

This exceptional investment opportunity presents a single-tenant, 9,955 square foot office building fully leased to the Tennessee Department of Safety and Homeland Security. Located in Lebanon, TN, within the Nashville MSA, this property boasts a newly completed, $1.125 million renovation (2024), encompassing a new roof, windows, HVAC system, plumbing, and electrical upgrades. The 10-year lease, commencing December 1, 2024, and expiring November 30, 2034, provides exceptional long-term stability and a strong 6.50% cap rate based on a Net Operating Income (NOI) of $200,948. The tenant, with an AAA+ S&P Global Credit Rating, is responsible for all utilities and janitorial services. The property features 128 paved parking spaces and sits on a 1.81-acre level lot. Built in 2012, this single-story brick building offers a secure and stable investment with in-place professional management available. The property is 100% occupied with a lease type classified as Modified. This is a rare opportunity to acquire a high-quality, government-leased asset in a rapidly growing submarket of the Nashville MSA. The property is located at 204 Maddox-Simpson Pkwy, Lebanon, TN 37090.

Location Insight

City

Lebanon

County

Wilson

State

Tennessee

Latitude

36.1729

Longitude

-86.298

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