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805 Parkway N Jackson, TN 38305

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For Sale
$9,898,745

Long-term leased medical office with A-credit tenant and annual increases.

Property size:
40,576 SF
Lot size:
2.76 Acres

Property Features for 805 Parkway N

General Information

Size
40,576 SF
Lot size
2.76 Acres

Source: Sands Investment Group (SIG) | Austin Agent Thomas Miller

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Jackson Medical Office Investment Opportunity

This investment opportunity features a property leased to West Tennessee Healthcare Inc., a regional healthcare provider with a network of ninety hospitals and medical facilities. The tenant has a strong A-credit rating. The property offers approximately 8 years remaining on the initial lease term, providing a long-term income stream. The lease includes annual rental increases of 2% in both the primary and option terms, ensuring growth in net operating income and protection against inflation. The lease is a double net lease (NN), with landlord responsibilities limited to roof and structure, minimizing operational burden and maintenance costs. Healthcare properties are considered resilient investments, being less affected by economic downturns and e-commerce competition. The essential nature of medical services ensures consistent demand, making these assets a sound investment choice. West Tennessee Healthcare is committed to delivering high-quality care and has a strong track record of operational excellence. The organization's focus on patient-centered care and community health initiatives further strengthens the value of these properties. The property is located in Jackson, TN.
Location Intelligence

Current Use by Public Records

Medical offices

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Auto Repair Shop Hair Salon Clothing Store Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

Parkway Animal Hospital

Location Insight

  • Map
  • Local Demand
City
Jackson
County
Madison
State
Tennessee
Longitude
-88.832296
Latitude
35.651539

FAQs

What type of property is this?
Medical office - Long-term leased medical office with A-credit tenant and annual increases.
Where is this medical office located?
The property is located at 805 Parkway N Jackson, TN.
What is the asking price?
The asking price for this property is $9,898,745.
What are key features of this property?
This property features: - A-Credit Rated Tenant: West Tennessee Healthcare Inc.; - Long-Term Investment: Approximately 8 years remaining on the initial lease term.; - Inflation Hedge: Annual rental increases of 2% in both the primary and option terms.
More about this property
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