783 New Highway 68 - Medical FOR SALE
Sweetwater, TN 37874 |
$3,100,000 USD
561-789-5504
783 New Highway 68
Sweetwater, TN 37874
HIGHLIGHTS
- Absolute NNN lease structure with 7.5+ years remaining with no landlord responsibilities providing passive ownership.
- Fresenius is a strong corporate tenant with over 2,600 dialysis centers nationwide and over 3 Billion in North American Revenue in 2023.
- Situated on a major highway, US-68, the property benefits from high visibility and traffic. US- 68 sees over 15,000 VPD.
- In close proximity to strong surrounding retail including Subway, Taco Bell, Domino’s, Walgreens and many more.
- Fresenius is a publicly traded company (NYSE: FMS) with S&P Rating of BBB-
- ANNUAL RENT INCREASES: Hedge Against Inflation
FOR SALE DETAILS
PRICE
$3,100,000 USD
PRICE/SF
$353 USD /SF
CAP RATE
6.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Fresenius Medical Care
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
B
YEAR BUILT
2009
SPRINKLERS
-
PARKING SPACES
25
LAND DETAILS
LAND ACRES
1.17 AC
LAND SF
50,965 SF
ZONING
Commercial
APN/PARCEL ID
033B-A-003.01
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561-789-5504
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561-789-5504
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