Catylist ID:
#29985305
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 |
| Zoning: | B3 JONESBOROUGH BUSINESS DISTRICT |
| 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 |
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 |
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