1002 Cornerstone Dr - Health Care FOR SALE


Paris, TN 38242 | 
$9,100,000 USD
770-630-3790
1002 Cornerstone Dr, Paris, TN for Sale
$9,100,000 USD
Health Care - FOR SALE
1/6
null | 6.53% Cap Rate

1002 Cornerstone Dr
Paris, TN 38242


HIGHLIGHTS

  • Fully leased to A3 credit-rated West Tennessee Healthcare
  • Located adjacent to West Tennessee Healthcare Henry County Hospital
  • Dynamic ASC asset class
  • Committed tenancy of 12 years WALT
  • Highly specialized ASC healthcare facility
  • Underwent a major $4 million renovation in 2024

OVERVIEW

CBRE U.S. Healthcare Capital Markets is pleased to exclusively offer the opportunity to acquire the West Tennessee Healthcare ASC (the “Property”), located in Paris, Tennessee. The 15,421 square foot, single story ambulatory surgery center (ASC) was first opened in 2000 with a Tennessee Certificate of Need (CON) and underwent a major $4 million renovation in 2024 as part of West Tennessee Healthcare’s (Moody’s: A3) acquisition of the operations. West Tennessee Healthcare (“WTH”) physically integrated a high-volume, urology clinic adjacent to the surgery center, added advanced diagnostic and surgical equipment, rewired the facility for Epic electronic health records, and retrofitted the operating rooms to support an array of specialties. The facility includes three operating rooms and one procedure room, focused on high-margin procedures that include orthopedics (arthroscopies, ACL, and rotator cuff repairs), podiatric surgeries, gastroenterology (colonoscopies and EGDs), plastic surgery, and advanced urological implants. This is a mission-critical location, just a short walk from their 142-bed West Tennessee Healthcare Henry County Hospital, the only acute care hospital within a 25-mile radius. The Property is fully leased by West Tennessee Healthcare under two triple-net leases that don’t expire until December 2038 with 3.0% annual escalations, offering a growing and predictable income stream backed by investment-grade credit. To sign the Confidentiality Agreement and get access to the full Offering Memorandum, visit: www.WestTennesseeASC.com (https://www.cbredealflow.com/handler/modern.aspx?pv=IqsfbYUO89K3a1meQ2Nj1RobH2p6Wy0VQ1pW_FTANIw#_top)

FOR SALE DETAILS

PRICE

$9,100,000 USD

PRICE/SF

$590 USD /SF

CAP RATE

6.53%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

West Tennessee Healthcare ASC

PROPERTY TYPE

Health Care

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.12 AC

LAND SF

48,787 SF

ZONING

H-1

APN/PARCEL ID

106B-E-002.03

ASK ABOUT THIS PROPERTY

Cole ReethofCBREMore Info
770-630-3790

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Cole ReethofCBREMore Info
770-630-3790

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.