72 Physicians DrJackson, TN 38305

Property Details for 72 Physicians Dr

Year built

1996

Lot size

1.11 AC

Property size (Sq ft)

5,912 SF

Zone code

B1

Property type

Medical offices

Property subtype

Medical centers

APN

057044J A 01200

APU

057044JA01200

Description

This exceptional investment opportunity presents a 5,411 square foot medical office building in Jackson, Tennessee, currently leased to West Tennessee Healthcare, Inc., a leading regional healthcare provider with an A- credit rating. The property, located at 72 Physicians Drive, boasts a strong 10-year net lease (NN) with annual rent increases of 2%, providing a built-in hedge against inflation. The lease commenced September 1, 2022, and has approximately 7.8 years remaining, with two 5-year renewal options. Landlord responsibilities are limited to roof and structure maintenance, minimizing operational burden. Built in 1996 and renovated in 2001, this single-tenant facility sits on a 1.11-acre lot and currently generates a net operating income (NOI) of $95,703, representing a 7.00% capitalization rate. The property's price per square foot is $252.67, and the asking price is $1,367,189. The investment's resilience is further enhanced by the inherent stability of the healthcare sector, making this a compelling opportunity for long-term income generation and appreciation. The tenant's operational excellence and strong financial standing contribute to the property's overall value and attractiveness as a low-risk, high-return investment. The property's location in Jackson, TN, within a thriving medical community, further strengthens its long-term prospects.

• CAP approach

  CAP return

  Valuation

  6%

  $1,351,358

  6.5%

  $1,247,407

  7%

  $1,158,306

• Comparable approach

  Method

  Valuation

  Relative Method

  $460,900

  Geo Method

  $460,900

• Alternative Use

  Use

  Valuation

  Residential

  $1,546,785

  Hospitality

  $1,416,846

  Educational

  $1,178,800

  Medical

  $1,219,340

  Retail

  $1,833,688

Location Insight

City

Jackson

County

Madison

State

Tennessee

Latitude

35.6844

Longitude

-88.8507

CBSA code

27180

CBSA name

JACKSON, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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