491 Majors Blvd - Freestanding FOR SALE


Lynchburg, TN 37352
$767,875 USD
847-562-8500
491 Majors Blvd, Lynchburg, TN for Sale
$767,875 USD
Freestanding - FOR SALE
1/1
null | 8% Cap Rate

491 Majors Blvd
Lynchburg, TN 37352


HIGHLIGHTS

  • Tennessee is an income tax free state
  • Lynchburg Medical Center is an e-commerce and recession resistant tenant
  • Limited competition - the nearest hospital is 15 miles southwest
  • Signi?cant value-add opportunity through the lease-up of additional space
  • $98,366 average household income within ten miles
  • Lynchburg is home to Jack Daniels Whiskey with roots dating back to 1866 which cements itself not only as a town for tourism, but also a thriving area

OVERVIEW

The Boulder Group is pleased to exclusively market for sale a multi-tenant property in Lynchburg, Tennessee, leased to Lynchburg Medical Center (Urgent Care) and Farm Bureau Insurance. Both tenants have established a strong presence, operating at this location since 2017 and 2018, respec-tively. In 2023, Farm Bureau Insurance extended their lease, underscoring their commitment to the site. Each lease includes multiple 5-year renewal options, providing long-term stability for investors. Additionally, there is a 2,225 square foot vacancy, presenting a signi?cant value-add opportunity through the lease-up of additional space. Tennessee is also an income tax-free state. The 8,001 square-foot building is strategically located along Majors Boulevard, a primary thoroughfare for Lynchburg, Tennessee. The property en-joys minimal competition, with the nearest hospital located over 15 miles southwest. Lynchburg, the historic home of Jack Daniel’s Whiskey since 1866, draws a consistent ?ow of tourists throughout the year. Within a ten-mile radius, the area has a population of over 16,800, earning an average household income of $98,366. Lynchburg Medical Center, located in Lynchburg, Tennessee, is a full-service primary care facility operated by Southern Tennessee Medical Group, part of the Southern Tennessee Regional Health System and affiliated with Lifepoint Health. Established in 2017, the center serves Moore Coun-ty and surrounding areas by providing a wide range of healthcare services, including primary and urgent care, occupational medicine, women’s health, on-site lab and X-ray capabilities, and DOT physicals. With a focus on accessibility and quality care, the clinic offers walk-in availability and convenient weekday hours, making it a trusted healthcare provider in the community. Lynchburg Farm Bureau Insurance is a local branch of Farm Bureau Insurance of Tennessee. Serving Moore County and the surrounding areas, the agency offers a comprehensive range of insurance products, including auto, home, life, renters, farm, and business coverage. As part of the Ten-nessee Farm Bureau, the nation’s largest state Farm Bureau organization with over 655,000 member families, the Lynchburg office contributes to a network that covers more homes and autos in Tennessee than any other insurance provider.

FOR SALE DETAILS

PRICE

$767,875 USD

PRICE/SF

$96 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lynchburg Medical Center & Farm Bureau Insur.

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.73 AC

LAND SF

75,359 SF

ZONING

-

APN/PARCEL ID

031L-B-030.00

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.