Listed by Anchor Point Capital
$1,500,000
STNL Medical Property | Chattanooga, TN
Details
APN 112 004.03
Property Type Office
Square Footage 5,794
Units 1
Cap Rate 6.95%
NOI $104,292
Lease Type NNN
Lease Term 10
Lease Expiration 06/30/2033
Remaining Term 7
Year Built 1996
Stories 1
Acreage 1.300
Lease Commencement 07/01/2023
NNN Lease with Minimal Landlord Responsibilities
Marketing description
For more information contact:
- Ned Skinner - [email protected]
- Jacob Sparks - [email protected]
Excellent Single-Tenant Investment Opportunity
- 100% Leased to CommonSpirit Health (CHI Memorial): One of the Nation's Largest Nonprofit Health Systems
- Tenant Recently Exercised Early 5-Year Extension
- NNN Lease with Minimal Landlord Responsibilities: (Roof and Structure)
- Corporate Guaranty from CommonSpirit Health
- S&P Credit Rated; A-
- 2,200+ Care Sites
- 24 States
- Essential-Service, Internet-Resistant Tenant Providing Primary and Family Medicine
Outstanding Location in Chattanooga MSA, TN
- Situated in Harrison; An Affluent, High-Growth Suburb of Chattanooga Along the Highway 58 Corridor
- Average Household Income Exceeds $115,000 within 3 Miles
- Population of 261,423 within 10 Miles
- Excellent Access to Highway 153 and Interstate 75, Providing Connectivity Throughout the Greater Chattanooga Region
- Strong Healthcare Demand Profile Supported by an Established Suburban Population and Continued In-Migration
- Over 685 New Homes Currently Under Construction or Planned in the Harrison Area
- Income Tax Free State of Tennessee
Investment highlights
For more information contact:
- Ned Skinner - [email protected]
- Jacob Sparks - [email protected]
Excellent Single-Tenant Investment Opportunity
- 100% Leased to CommonSpirit Health (CHI Memorial): One of the Nation's Largest Nonprofit Health Systems
- Tenant Recently Exercised Early 5-Year Extension
- NNN Lease with Minimal Landlord Responsibilities: (Roof and Structure)
- Corporate Guaranty from CommonSpirit Health
- S&P Credit Rated; A-
- 2,200+ Care Sites
- 24 States
- Essential-Service, Internet-Resistant Tenant Providing Primary and Family Medicine
Outstanding Location in Chattanooga MSA, TN
- Situated in Harrison; An Affluent, High-Growth Suburb of Chattanooga Along the Highway 58 Corridor
- Average Household Income Exceeds $115,000 within 3 Miles
- Population of 261,423 within 10 Miles
- Excellent Access to Highway 153 and Interstate 75, Providing Connectivity Throughout the Greater Chattanooga Region
- Strong Healthcare Demand Profile Supported by an Established Suburban Population and Continued In-Migration
- Over 685 New Homes Currently Under Construction or Planned in the Harrison Area
- Income Tax Free State of Tennessee
Listing Contacts
Listed by Anchor Point Capital
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$104,292.00
$8,691.00/mo
Valuation Metrics
0
DSCR
6.95%
Cap Rate
6.95%
ROI
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