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26651166
26651167

6571 TN-28, Dunlap, TN 37327 For Sale

BB
TN 343837, OH BRK.200900214 (+21)
Bang Realty
DB
MI 6502378067, OH BRKP.2020008390
Encore Real Estate Investment Services
NY
MI 6501447447
Encore Real Estate Investment Services
Listed by Bang Realty, Encore Real Estate Investment Services
$1,500,000
329 days on market
Updated 33 days ago

Tennessee Department of Human Services

Details
Property Type Office
Sub Type Traditional Office
Square Footage 7,200
Cap Rate 6.41%
NOI $96,222
Occupancy 100%
Tenancy Single
Lease Type Modified
Lease Term 10
Lease Expiration 08/31/2030
Remaining Term 4.1
Rent Bumps Yes
Lease Options None
Price per SqFt $208
Year Built 2020
Buildings 1
Acreage 1.210
Investment Type Net Lease
Lease Commencement 09/01/2020

6571 State Route 28 , Dunlap, TN 37327

Marketing description

Introducing an incredible investment opportunity at TENNESSEE DEPARTMENT OF HUMAN SERVICES - 6571 State Route 28, Dunlap, TN 37327! This property, managed by Encore Real Estate Investment Services, offers immense potential in a prime location. Perfect for commercial or redevelopment purposes, this property provides a versatile space for various ventures. The strategic address ensures high visibility and accessibility, making it ideal for businesses looking to thrive. Please note that all information presented is without warranty, and interested parties are encouraged to conduct their independent due diligence. Take advantage of this chance to make a mark in the thriving Tennessee market. Don't miss out on this rare opportunity to invest in a property that holds so much promise. For more details and to explore the endless possibilities this property holds, feel free to reach out. Your next successful venture could start right here, at the Tennessee Department of Human Services property!


Investment highlights

  • Build To Suit For Tennessee Department Of Human Services In 2020

  • Subject Property Is 7,200/SF On a 1.21 Acre Lot | 51 Parking Spaces

  • Lease Backed By The State Of Tennessee With An Investment Grade Rating Of AAA

  • Services Provided At This Location: Food Stamp, Families First, Child Care Certificate, Medicaid, TennCare

  • Tennessee Department Of Human Services 2024 Revenue Exceeded $3.3 Billion

  • 5 Mile Population Exceeds 11,000

  • 5 Mile Average Household Income Exceeds $57,000

  • Daily Vehicle Counts On SR 28 Exceed 10,000 VPD

  • 45 Minute Drive To Downtown Chattanooga

  • Termination: Tenant May Terminate This Lease For Convenience Following The 60th Month Of The Lease Term By Providing Landlord With Written Notice At Least 90 Days Prior

Listing Contacts

BB
TN 343837, OH BRK.200900214 (+21)
Bang Realty
DB
MI 6502378067, OH BRKP.2020008390
Encore Real Estate Investment Services
NY
MI 6501447447
Encore Real Estate Investment Services
Listed by Bang Realty, Encore Real Estate Investment Services

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$96,222.00
$8,018.50/mo

Valuation Metrics

0
DSCR
6.41%
Cap Rate
6.41%
ROI

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Additional Information

Name
Brian Brockman
License
343837
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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