Church Hill Medical Office Building

Office for Sale
Catylist Listing ID: 30190748
Property Subtypes: Medical, Office Building
Building Size (RSF): 6,572 SF
Gross Building Area: See Agent
Gross Land Area: 3.70 Acres
Sale Price: $1,521,000
Unit Price: $231.44 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: 8.0%
Average Occupancy Rate: 100
Last Updated: 7/10/2018

Overview / Comments

Excellent Investment Opportunity! Well maintained 6,572 sq ft building on 3.7 acres in established business district along Hwy 11W in Church Hill area. Holston Medical Group Primary Care has just extended their lease for another five 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 floor plan for building layout. Excellent financials with an 8% CAP, contact agent for further details.

Attachments & Media

Additional Details

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

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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