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Medical Office Building with NNN Lease

1236 Knoxville Highway, Wartburg, TN 37887

For Sale
Contact for pricing

A five-year master lease is personally guaranteed by the practice owner.

Property Size19,346 SF
Price / SF$118.89
Days on Market35

Property Features for 1236 Knoxville Highway

General Information

Standard status Active
Size 19,346 SF
Property subtype Office
Occupancy 100%

Tenancy & Operations

Currently Operating Yes
Tenant in Place Yes

Additional Details

Cap Rate 10.09%
Property Use Medical Office
Medical Specialty primary care

Building Details

Buildings 1
Building Size 19,346 SF
Listing Agency: Rossi Capital
Listed By: Kyle Neveau · License TN #357407
Source: Crexi
Added: Oct 6 Changed: Nov 8 Last Checked: Nov 8 at 4:26PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Rossi Capital

Rey
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Investment Insights

Based on property information with market context.

The 19,346-square-foot medical office property in Wartburg is occupied by Family Medicine West, an established primary care practice. The building is fully leased at closing under a new five-year NNN master lease, personally guaranteed by the practice owner.

The tenant pays taxes, insurance, operating expenses, utilities, and routine maintenance. The landlord retains responsibility for exterior work and major mechanical systems, including HVAC replacement.

Key Highlights

  • 19,346‑square‑foot medical office building in Wartburg, Tennessee
  • Fully leased at closing to Family Medicine West, an established primary care practice
  • New five‑year NNN master lease personally guaranteed by the practice owner

Property Analytics

Current Use

Redmon Eric MD Pediatrician JONNA LEEANN PITTMAN Physician Ambulatory Care Center: ... Physician Dr. Sanjay P. ... Pediatrician American Esoteric Laboratories Medical Laboratory

Suggested Use

Top Pick Electrical Service Auto Repair Shop Plumbing Service Storage Facility (Bike/Boat/Book/etc) Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%
Occupancy

Location Intelligence

Trade Area within ½ mile

145
Businesses Nearby
Well-served
Demand for This Use

Demographics for 37887, TN

7,118
Population
2,054
Households
3.5
Avg Household Size
40
Median Age
8%
College-Educated
81%
High-School Grad
81.4 sq mi
ZIP Area
87
Density / Sq Mi
$56,375
Median Household Income
$32,966
Median Earnings
$682
Median Rent
$149,100
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025

Similar Off Market Nearby

  • Upper Cumberland Veterinary Clinic — 102 Main St, Wartburg, TN 37887

Frequently Asked Questions

What type of property is this?
Medical Office Space - A five-year master lease is personally guaranteed by the practice owner.
Where is this medical office space located?
The property is located at 1236 Knoxville Highway Wartburg, TN.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 19,346‑square‑foot medical office building in Wartburg, Tennessee; Fully leased at closing to Family Medicine West, an established primary care practice; New five‑year NNN master lease personally guaranteed by the practice owner
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