3014 Greystone Sq - Health Care FOR SALE


Jackson, TN 38305
$900,000 USD
615-219-9902
3014 Greystone Sq, Jackson, TN for Sale
$900,000 USD
Health Care - FOR SALE
1/8
null | 7.98% Cap Rate

3014 Greystone Sq
Jackson, TN 38305


OVERVIEW

A rare opportunity to acquire a fully stabilized, low-maintenance medical office investment with built-in rent escalations and minimal oversight. The tenant mix includes two reputable healthcare providers operating across multiple locations. The property’s location in Jackson’s premier business park, paired with its passive income structure, makes it an ideal fit for investors seeking predictable cash flow in a growing regional market. INVESTMENT HIGHLIGHTS: Investment Type: NNN Medical No. of Tenants: Two Occupancy: 100% Annual Increases: 3% NOI: $71,862 Cap Rate: 8% Lease Types: NNN Landlord Responsibilities: Structure & HVAC Only (both brand new; 2022 & 2024) HOA Responsibilities: Roof (replaced 2017), Parking Lot, Landscaping LOCATION HIGHLIGHTS: Located in Jackson’s most desirable business park Frontage along US-45/N. Highland Ave (17,500 VPD) Less than 1 mile from I-40 access and 10 minutes to Downtown Jackson Surrounded by medical, legal, and professional office users Quiet and secure setting ideal for medical and professional tenant Home to Union University, Lane College, and University of Memphis–Lambuth Strong regional draw as the medical and commercial center of West Tennessee Area supported by master-planned civic and commercial growth initiatives Low office vacancy rates in suburban medical/professional park Ample surface parking with direct front-door suite access TENANT HIGHLIGHTS: Tenant #1: River Region Psychiatry Associates Lease Term: 5 Years + (1) 5 Year Option Lease Expiration: 01/01/2030 Current NOI: $34,788 Rent Escalations: 3% Annually River Region Psychiatry Associates (Ally Psychiatry) operates 15 clinics across the Southeast and provides services in over 40 hospitals. Founded in 2008, the practice offers comprehensive mental health services, including psychiatric evaluation, therapy, medication management, and Spravato treatment Tenant #2: McCulley Allergy, Sinus, & Asthma Center Lease Term: 39 Months + (2) 3 Year Options Lease Expiration: 03/01/2027 Current NOI: $32,800 Rent Escalations: 3% Annually McCulley Allergy, Sinus & Asthma Centers operate six locations across Tennessee and Mississippi. Their team provides compassionate, evidence-based allergy and asthma care with an emphasis on optimal patient outcomes and satisfaction. CONTACT: Tyler Brock (615) 804-6590 Tyler@EdgefieldCommercial.com Anthony Rubino (203) 253-5966 Anthony@EdgefieldCommercial.com

FOR SALE DETAILS

PRICE

$900,000 USD

PRICE/SF

$220 USD /SF

CAP RATE

7.98%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

NNN Medical | 8% Cap Rate | Dual Tenant

PROPERTY TYPE

Health Care

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

85

LAND DETAILS

LAND ACRES

1.26 AC

LAND SF

54,993 SF

ZONING

-

APN/PARCEL ID

043I-G-031.00

ASK ABOUT THIS PROPERTY

Tyler BrockLandmarc CommercialMore Info
615-219-9902

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Tyler BrockLandmarc CommercialMore Info
615-219-9902

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