367 Interstate Dr - Medical FOR SALE


Manchester, TN 37355
$2,286,000 USD
832-602-3383
367 Interstate Dr, Manchester, TN for Sale
$2,286,000 USD
Medical - FOR SALE
1/1
null | 7% Cap Rate

367 Interstate Dr
Manchester, TN 37355


HIGHLIGHTS

  • The tenant’s commitment through a new 7-year term underscores the facility’s mission critical importance and ensures durable cash flow
  • The subject property benefits from immediate proximity to Unity Medical Center, a general acute care hospital located less than a quarter mile away
  • The recently installed roof significantly reduces the likelihood of near-term capital expenditure, minimizing potential landlord expense exposure.

OVERVIEW

Peranich Huffman Net Lease Group is pleased to offer the exclusive opportunity to acquire US Renal Care, located at 367 Interstate Drive, Manchester, TN. The ±5,700 SF dialysis facility sits on a 0.9-acre parcel along Interstate Drive, a professional business street with complementary healthcare and service providers. The site benefits from immediate access to Interstate 24 and U.S. Route 41, positioning it strategically between Nashville and Chattanooga and ensuring a consistent patient base within Coffee County. The property is leased to US Renal Care under a net lease with 7.3 years remaining and two (2) five-year renewal options at Fair Market Value. Under the lease, US Renal Care covers occupancy-related expenses, while the Landlord remains responsible for structural components, exterior systems, outside utilities, and HVAC, with the Tenant’s exposure to HVAC and roof repairs capped at $7,500 per incident (the “Maintenance Cap”). Founded in 2000, US Renal Care has grown into one of the nation’s largest dialysis providers 10,000+ employees operating 500+ clinics and serving 37,000+ patients across 32 states, Guam, and Saudi Arabia. The company’s scale, essential healthcare services, and entrenched patient demand reinforce tenancy stability and income durability, making this property a compelling investment opportunity in the Manchester market.

FOR SALE DETAILS

PRICE

$2,286,000 USD

PRICE/SF

$401 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

US Renal Care

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.91 AC

LAND SF

39,640 SF

ZONING

-

APN/PARCEL ID

067-096.05

ASK ABOUT THIS PROPERTY

Jonathan PeranichPeranich Huffman Net Lease GroupMore Info
832-602-3383

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

Jonathan PeranichPeranich Huffman Net Lease GroupMore Info
832-602-3383

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