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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

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    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.
    (312) 899-6664
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    783 New Highway 68 Sweetwater, TN 37874
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    Sweetwater, TN 37874
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    783 New Highway 68 Sweetwater, TN 37874
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