Medical Office Building Investment

Sold
Other
Description

Greater Knoxville Ear, Nose and Throat Tenant

Other Sold - Powell TN

Property Information

  • 13,291 Sq. Ft.
  • 1.75 Acres
  • $7,200,000
  • 10-year NNN Lease with National Tenant and Guarantor, with three 5-year options
  • Realized annual increases in Base Rent
  • 6.75% CAP Rate
  • Located in Regional Medical Park in the largest North Knoxville retail and residential growth market
  • New Emory Road and I-75 interchange expansion currently underway
  • Traffic Count: 106,536 per day at the I-75 and E Emory Road interchange
  • Retail Nearby: North Knoxville Regional Medical Center, Chick-fil-A, Kroger, Ingles grocery store, Texas Roadhouse, McDonald’s,
    Starbucks, CVS

Demographics: 3-Mile
Population: 13,966
Avg Household Income: $98,158

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Property Features
  • Other
  • Land is 1.75 acres
  • Floor Area is 13,291 sqft