2118 Cowan Hwy - Freestanding FOR SALE


Winchester, TN 37398
$1,166,800 USD
847-562-8500
2118 Cowan Hwy, Winchester, TN for Sale
$1,166,800 USD
Freestanding - FOR SALE
1/2
null | 8.25% Cap Rate

2118 Cowan Hwy
Winchester, TN 37398


HIGHLIGHTS

  • Tennessee is an income tax free state
  • E-commerce and recession resistant tenant
  • Positioned along Cowan Highway & within proximity to Veterans Memorial Drive
  • Neighboring retailers include Food City, Chevrolet-GMC, Starbucks, & Shell
  • Less than one mile from Southern Tennessee Regional Hospital, a 131-bed facility
  • $83,450 average household income within ten miles

OVERVIEW

The Boulder Group is pleased to exclusively market for sale a single-tenant property in Winchester, Tennessee, leased to Southern Tennessee Primary Care. The tenant has maintained a strong presence at this location since 2016. The lease includes three five-year renewal options with rental escalations at the start of each term, offering long-term income stability for investors. Additionally, Tennessee is an income tax-free state. The 8,000 square-foot building is strategically located along Cowan Highway, a major thoroughfare in the area that leads directly to downtown Winchester. The property benefits from its proximity to Veterans Memorial Highway and Food City, one of the area’s major grocers. The property is also less than one mile from Southern Tennessee Regional Hospital, a 131-bed facility. Other nearby retailers include Chevrolet-GMC, Starbucks, and Shell. There are over 33,800 people living within a ten-mile radius, those of which earn an average household income of $83,450. Southern Tennessee Primary Care is a comprehensive family medicine and primary care clinic located in Winchester, Tennessee, and is part of the Southern Tennessee Medical Group, affiliated with the Southern Tennessee Regional Health System and Lifepoint Health. The clinic provides a full range of healthcare services, including preventative care, chronic disease management, and pain management, serving patients of all ages. With convenient weekday hours and a patient-first approach, Southern Tennessee Primary Care is dedicated to supporting long-term health and wellness for every patient.

FOR SALE DETAILS

PRICE

$1,166,800 USD

PRICE/SF

$146 USD /SF

CAP RATE

8.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Southern Tennessee Primary Care

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.45 AC

LAND SF

63,162 SF

ZONING

-

APN/PARCEL ID

076-003.05

ASK ABOUT THIS PROPERTY

Jimmy GoodmanThe Boulder GroupMore Info
847-562-8500

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Jimmy GoodmanThe Boulder GroupMore Info
847-562-8500

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