545 Oak Ridge Tpke - Office FOR SALE
Oak Ridge, TN 37830 |
545 Oak Ridge Tpke
Oak Ridge, TN 37830
HIGHLIGHTS
- STRONG TENANT PROFILE - Atkins Nuclear Secured, a member of the SNC-Lavalin Group with $5.89 Billion in revenue, is a world leading firm.
- NEW LEASE EXTENSION - The tenant just exercised a new 3-year lease extension, and eliminated a handful of LL expenses/responsibilities.
- ANNUAL RENTAL INCREASES - The lease provides 2.5% annual rental increases through the base term and option periods.
- HIGH YIELD INVESTMENT - This property provides an 8.71% blended cap rate in the base term, a superior yield to the vast majority of investments.
- RECENT EXPANSION - In 2017, Atkins Nuclear Secured elected to take over 100% of the GLA and is the sole tenant occupying the building.
- INCOME TAX-FREE STATE - Tennessee is non-income tax state.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Atkins Nuclear Secured
PROPERTY TYPE
Office
TOTAL BUILDING SIZE
36005
STORIES
2
BUILDING CLASS
B
YEAR BUILT
2002
SPRINKLERS
-
PARKING SPACES
75
LAND DETAILS
LAND ACRES
2.6 AC AC
LAND SF
113,256 SF
ZONING
-
APN/PARCEL ID
094K-A-009.00
