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