Church Hill Medical Office Building

Office for Sale
Catylist Listing ID: 30190748
Property Subtypes: Medical, Net Leased, Office Building
Building Size (RSF): 6,572 SF
Gross Building Area: See Agent
Gross Land Area: 3.70 Acres
Sale Price: $1,425,900
Unit Price: $216.97 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Building Name: HMG Primary Care
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: 7.47%
Average Occupancy Rate: 100
Last Updated: 11/17/2020

Overview / Comments

PRICE REDUCED! ATTENTION INVESTORS - NEW 10 YEAR LEASE! Well maintained 6,572 sq ft building on 3.7 acres in established business district along Hwy 11W in Church Hill area. As of January 2020, Holston Medical Group Primary Care has extended their lease for another 10 years in this medical office facility. This large parcel also has room for another new building or expansion. Property sits between Main Street and Hwy 11W across from Church Hill Public Library with the Homestead Shoppe and Pal's in immediate area. See attached Offering Memorandum and floor plan for further details. Super Investment Opportunity! Excellent financials with a 7.47% CAP, contact agent for further details.

Additional Details

Nearest MSA: Kingsport-Bristol
County: Hawkins
Submarket Type: Central Business District
Tax ID/APN: 032 005.07

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,641 10,468 25,444
Median Age: 42.05 41.89 41.72
Households: 1,975 4,303 10,531

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