239 Bedford Way - Medical FOR SALE


Franklin, TN 37064 | 
$9,043,000 USD
925-212-7254
239 Bedford Way, Franklin, TN for Sale
$9,043,000 USD
Medical - FOR SALE
1/10
null | 6.25% Cap Rate

239 Bedford Way
Franklin, TN 37064


HIGHLIGHTS

  • 2% BUYSIDE CO-OP FEE
  • ELITE TENANT CREDIT
  • LONG-TERM TENANCY/BRAND NEW 5 YEAR RENEWAL
  • EXPLOSIVE GROWTH MARKET
  • AFFLUENT NASHVILLE SUBURB
  • VERY ATTRACTIVE SUBMARKET/SUPPLY CONSTRAINTS

OVERVIEW

Acuity Private Capital is pleased to present the Vanderbilt Health MOBs, a 21,001-square-foot, two-building medical office property located in Franklin, Tennessee. The Property is fully leased to Vanderbilt University Medical Center, an A-rated academic health system with more than $8.67 billion in 2025 operating revenue. Vanderbilt has occupied the Property since 2015 and recently extended its lease through February 2032, with 2.5% annual rent increases and two five-year renewal options. Located approximately 1.6 miles from Williamson Medical Center (337 Beds), the property benefits from proximity to a major healthcare anchor serving Franklin and Williamson County, where a broad mix of acute care, specialty, and outpatient services draws patients from across the area. This surrounding concentration of healthcare activity complements Vanderbilt's Neurosurgery and Executive Health operations, along with space dedicated to medical staging and future expansion at the subject property. In place rent of $26.91 per square foot remains below the $36.71 MOB submarket average, while the surrounding medical office submarket is approximately 96% occupied, supporting a favorable environment for future rent growth. This medical investment combines institutional, A credit rated healthcare tenancy, contractual rent growth, and limited landlord responsibilities with upside from below market rents.

FOR SALE DETAILS

PRICE

$9,043,000 USD

PRICE/SF

$821 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Vanderbilt Health (A Credit) MOBs

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

80

LAND DETAILS

LAND ACRES

0.83 AC

LAND SF

36,155 SF

ZONING

-

APN/PARCEL ID

079P-C-003.00

ASK ABOUT THIS PROPERTY

Alex VidalAcuity Private CapitalMore Info
925-212-7254

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Alex VidalAcuity Private CapitalMore Info
925-212-7254

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