1905 American Way - Medical FOR SALE
Kingsport, TN 37660 |
1905 American Way
Kingsport, TN 37660
HIGHLIGHTS
- Health System HQ – Medical operators are known for being stable tenants with long term tenancy
- Annual Rental Increases– Maintain growth of your investment dollars by hedging against inflation with 3%, 5%, and 20% annual increases
- Sticky Tenancy – This location is pivotal for Ballad Health as it houses their C-suite executives and data center for the Health System
- Credit Anchor Tenant – Ballad Health has an A rating with Fitch, Moody's, and S&P Global due to its improved quality and lower costs
- Income Tax Free State – Tennessee is one of the nine states with no personal income tax
- Easily Accessible – Located at the intersection of US Hwy 11W and John B Dennis Hwy, this location is easily accessible from surrounding states
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
11.22% Cap | Ballad Health HQ | 100% Occupied
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
ADD'L SUBTYPES
Telecom Hotel/Data Hosting, Medical, Office/Residential
TOTAL BUILDING SIZE
50050
STORIES
1
BUILDING CLASS
B
YEAR BUILT
1983
SPRINKLERS
-
PARKING SPACES
268
LAND DETAILS
LAND ACRES
5.35 AC AC
LAND SF
233,046 SF
ZONING
-
APN/PARCEL ID
047P-A-005.20
