REDUCED: Forest Circle Professional Office Building

Office for Sale
Catylist Listing ID: 29985305
Property Subtypes: Medical, Net Leased, Office Building
Condo? Yes
Building Size (RSF): 4,150 SF
Gross Land Area: 1 Acre
Sale Price: $725,000
Property Use Type: Net Leased Investment (NNN), Investment, Business
Class of Space: Class B
Usable Size (USF): 4,150 SF
Sale Terms: Cash to Seller
Last Updated: 12/31/2020

Overview / Comments

DRAMATICALLY REDUCED!! Newly renewed 5 year lease with a major medical organization. Great investment property for sale near the Jonesborough Food City at the corner of 11E and Forest Circle. Beautifully designed brick building with medical tenant and full medical use build-out including an X ray and treatment room..

Net lease and listed at a favorable 8% Cap rate. Term of lease is 5 years.

Tenant is Ballad Health, the regional hospital system, formally Mountain States Health Alliance.

This medical space is in a 7,000 SF building consisting of two condos. Adjacant condo is Jonesborough Optometry and is owner occupied.

Details of the lease can be provided upon request.

Additional Details

Nearest MSA: Johnson City
County: Washington
Taxing Authority: Washington County
Tax ID/APN: 052J C 004.01
Is Condo?: Yes
Property Located Between: Food City and Boones Creek Rd
Property Visibility: Excellent
Highway Access: Highway 11E, Boones Creek Rd and Forest Circle
Airports: Tri Cities Regional Airport
Site Description: 1+ acre lot parcel near Food City, behind Eastern Credit, and across 11E from the Jonesborough Middle School.
Area Description: Town of Jonesborough, Tennessee.
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 2008
Roof Type: Hip
Construction/Siding: Brick
Parking Type: Surface
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 990 20,261 53,800
Median Age: 45.91 41.09 41.05
Households: 484 8,376 22,758


Photograph of Listing Agent

Stephen J Goodson, ChFC

Remax Checkmate, Commercial Division NETAR CMLS Member
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