DaVita, Inc.
6,464 SF | Office Building | Huntingdon, TN 38344 | $2,542,243 ($393/SF) | 5.60% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,542,243
- Property Type
-
Office
- Square Feet
- 6,464 SF
- Price / Square Foot
- $393
Listing Contacts
Scott Briggs
Verified Profile
Kelly Largent
Verified Profile
Sarah Martin
Verified Profile
- Property Info
Property Overview
Northmarq is pleased to offer for sale to qualified investors the opportunity to acquire the fee simple interest in the building of a single-tenant medical office facility located in Huntingdon, Tennessee (the "Property").
The Property consists of 2.94 acres and a one-story, 6,464-square-foot medical office building that was built-to-suit in 2022 to the exact specifications of the Tenant. The Property is located along East Main Street in the center of Huntingdon where approximately 10k vehicles pass per day. There are approximately 15,000 in population in a ten-mile radius with an average household income in excess of $68,000 annually.
The Tenant recently completed a comprehensive ground-up build-to-suit to the exact standards of its brand-new prototype that is at the top end of the kidney care industry from a patient-quality and energy-efficiency design standard. The initial term of the lease is for fifteen (15) years and will feature three (3), five (5) year renewal options.
In Assocation With: Jeff McKinney - Tennessee Lic. #241553
The Property consists of 2.94 acres and a one-story, 6,464-square-foot medical office building that was built-to-suit in 2022 to the exact specifications of the Tenant. The Property is located along East Main Street in the center of Huntingdon where approximately 10k vehicles pass per day. There are approximately 15,000 in population in a ten-mile radius with an average household income in excess of $68,000 annually.
The Tenant recently completed a comprehensive ground-up build-to-suit to the exact standards of its brand-new prototype that is at the top end of the kidney care industry from a patient-quality and energy-efficiency design standard. The initial term of the lease is for fifteen (15) years and will feature three (3), five (5) year renewal options.
In Assocation With: Jeff McKinney - Tennessee Lic. #241553
Property Details
- Class
- B
- Year Built
- 2022
- Stories
- 1
- Property Subtype
- Medical
- Lot Size (sq. ft)
- 128,066 SF
Highlights
- No Early Termination or Kick-Out Clause
- Leading Operator with Strong Guarantee
- Growing Industry Insulated from Macroeconomic Changes
- New Prototype Design
- Long-Term, Passive Lease with Rent Growth
- Strong Demographics in Tourist Area
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