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862 Callen Ln NWCleveland, TN 37312
862 Callen Lane
Asset ClassMixed Use, Office, Retail, Special Purpose
Cap Rate6.25%
Deal Size: $4.73 M# Tenants: 3% Leased: 100%Access Data Room
New Construction | Medical Office with NNN Leases | Annual Rent Increases

Overview

Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of this fully occupied medical office building with longterm NNN leases. The property is strategically located just off Paul Huff Parkway, Cleveland’s primary commercial thoroughfare with close proximity to I-75, Publix and The Home Depot

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Investment Highlights

  • New construction med-tail asset with long-term NNN leases and annual rent increases
  • Rent is secured by three experienced and successful medical groups that have made large investments and long-term leases
  • Strategically located .20 miles from I-75 Interchange just off Paul Huff Parkway, the primary commercial thoroughfare serving Cleveland
  • Tenants reimburse for Taxes, CAM, Insurance, and Management fees
  • Brand new building with transferable roof warranty provides ease of ownership and stable cash-flow
  • Fixed annual rent increases provide hedge against inflation
  • Fee simple ownership allows for depreciation of the building boosting after-tax returns
  • Tennessee has no state income tax and is one of the fastest-growing States in the US
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862 Callen Ln NWCleveland, TN 37312

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Listing provided by Revere CRE