15 YR NNN MEDICAL CONDO

Property Type:

Medical Office Condo

Property Size:

8,048 SF

Address:

675 Middle Creek Rd, Sevierville, TN, USA

Lease Type:

NNN

Cap Rate:

N/A

Details:

- Medical Office Condo leased to East Tennessee’s largest primary care organization, with more than 375 providers at 82 locations across 15 counties

- New 15 year NNN lease with 3% annual rent increases Corporate Guarantee

- The tenant’s space is currently undergoing a $250K renovation

- Directly across from a major national Hospital (2021 Top Rural Hospital)

- Next to several Medical Centers and Buildings

- The building was originally planned as a Medical Office Condo development and the suites are individually deeded

- A major tourist destination (9 million annual visitors) serving as the gateway to the Great Smokey Mountains National Park

- Entire 13,500 SF building may be purchased. Other tenant is a national medical tenant (lease exp. 2025). Contact Broker for more information

Contact:

khaterine@biltrealtygroup.com