1717 Gallatin Pike N Madison, TN 37115

The renovated standalone retail/office flex building is located in the Rivergate central business district, approximately 20 minutes from Downtown Nashville. The property is currently leased NNN to Concentra, a national credit-rated health services tenant, with a lease extension that commenced in 2020 and ends in October 2030, including an additional 5-year extension option. Concentra occupies 9,120 square feet at a lease rate of $1.68 per square foot, generating a monthly income of $15,390 and an annual income of $184,680. CAM expenses are fully reconciled annually. Concentra specializes in occupational medicine and workforce health, treating approximately 50,000 patients daily across 625 health centers in 44 states. The property features 16,149 square feet of vacant warm shell, wet sprinklered space with 4 bathrooms, which can be divided into approximately 10,000 square feet and 5,000 square feet. The estimated market rent for the vacant space is $1.65 - $1.75 per square foot NNN. The vacant suites are suitable for an owner-user business looking to own and collect monthly NNN income to offset expenses. The building is an end-cap standalone property situated at the intersection of Gallatin Pike and Myatt, with a traffic count of approximately 53,000 average daily traffic. The property includes 50 allocated on-parcel parking spaces. Recent renovations include a new roof, six new HVAC units, newly laid asphalt, updated exterior brick, modern metal awning covers, larger windows for natural lighting, and energy-efficient exterior lighting. The property is located in the epicenter of the Rivergate retail central business district, near retailers such as Target, Walmart, and Home Depot. The area behind the property includes a large Amazon fulfillment center and industrial businesses. The Rivergate area has a population of 42,000 within a 3-mile radius and 82,000 within a 5-mile radius, with 50,000 employees.