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783 New Highway 68 Sweetwater, TN 37874

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For Sale
$2,978,000

NNN leased investment property with a strong corporate tenant.

Property size:
9,506 SF
Lot size:
1.14 Acres

Property Features for 783 New Highway 68

General Information

Size
9,506 SF
Lot size
1.14 Acres

Source: STREAM Capital Partners Agent Connor Shell

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


Overview

Freestanding NNN Leased Investment Property

This freestanding property is under an absolute NNN lease structure with over 9 years remaining, plus extensions, offering passive ownership with no landlord responsibilities. The tenant, Fresenius, is a strong corporate entity with over 2,600 dialysis centers nationwide and over 3 Billion in North American Revenue in 2023. The property benefits from high visibility and traffic, situated on a major highway, US-68, which sees over 15,000 vehicles per day. It is in close proximity to strong surrounding retail including Subway, Taco Bell, Domino’s, and Walgreens. Fresenius is a publicly traded company (NYSE: FMS) with an S&P Rating of BBB-. The lease includes annual rent increases.
Location Intelligence

Current Use by Public Records

Fresenius Kidney Care ... Dialysis Center

Suggested Use

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

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

Location Insight

  • Map
  • Local Demand
City
Sweetwater
County
Monroe
State
Tennessee
Longitude
-84.477667
Latitude
35.592732

FAQs

What type of property is this?
Medical office - NNN leased investment property with a strong corporate tenant.
Where is this medical office located?
The property is located at 783 New Highway 68 Sweetwater, TN.
What is the asking price?
The asking price for this property is $2,978,000.
What are key features of this property?
This property features: - Absolute NNN lease with over 9 years remaining, a truly passive investment.; - Strong corporate tenant: Fresenius, a national leader in dialysis services with substantial revenue.; - Investment grade credit: Fresenius is publicly traded (NYSE: FMS) with a BBB- S&P Rating.
More about this property
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