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Medical Office Investment Opportunity
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406 E Main Blvd, Church Hill, TN 37642

Single-tenant medical office building in Church Hill, Tennessee for sale.

Property Size6,572 SF
Price / SF$237.41
Days on Market164

Property Features for 406 E Main Blvd

General Information

Standard status Active
Size 6,572 SF
Class B
Property subtype Office
Occupancy 100%
Lease Type NNN
Investment Type Net Lease
Net Operating Income $106,566

Building Details

Year Built 1996
Buildings 1
Stories 1
Tenancy Single
Listing Agency: TCI Group – Jerry Petzoldt Agency LLC
Listed By: Glenn Perkins · License #TN 326486
Source: Crexi
Added: Mar 12 Changed: Aug 19 Last Checked: Aug 22 at 12:06PM

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 TCI Group – Jerry Petzoldt Agency LLC

Investment Insights

Based on property information with market context.

This offering presents the opportunity to acquire a single-tenant medical office investment occupied by Holston Medical Group (HMG) Primary Care, now operating as part of Optum, a division of UnitedHealth Group. The property is a 6,572 square foot purpose-built medical office building constructed in 1996 specifically for HMG Primary Care. It is strategically located along East Main Boulevard in Church Hill, Tennessee. The clinic has operated continuously at this location for nearly three decades. Holston Medical Group, originally founded in 1977 as a physician-owned multi-specialty practice, was acquired by Optum in August 2025 and integrated into its expanding national outpatient healthcare network. The property is leased under a triple-net (NNN) lease structure, providing stable passive income with limited landlord responsibilities. The current lease represents the fifth amendment to the original 1996 lease agreement, reflecting a long-standing occupancy history and continued renewal commitment by the tenant. The current 10-year lease term commenced March 1, 2020 and extends through February 28, 2030, with an automatic two-year extension option. Annual base rent is $106,566, with landlord responsibilities limited to roof, HVAC, and structural components. This offering provides investors with the opportunity to acquire a stabilized healthcare investment at a 6.46% capitalization rate, combining long-term medical tenancy, corporate healthcare affiliation, and durable income characteristics in a growing Northeast Tennessee market.

Key Highlights

  • Long‑term NNN lease with Holston Medical Group (HMG) / Optum (UnitedHealth Group) provides stable, passive income.
  • Tenant is affiliated with Optum, a division of UnitedHealth Group.
  • Property has a long‑standing occupancy history of nearly three decades.

Property Analytics

Current Use

Schilling David E ... Pediatrician Heather Varney Physician HMG Primary Care ... Medical Clinic Kelly McQueen, DO ... Physician Terri Duncan Physician

Suggested Use

Top Pick Building Supply Auto Repair Shop Auto Parts Store Restaurant Pharmacy Kitchen & Bath Showroom

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

Location Intelligence

Trade Area within ½ mile

41
Businesses Nearby
Balanced
Demand for This Use

Demographics for 37642, TN

15,041
Population
6,989
Households
2.2
Avg Household Size
46
Median Age
16%
College-Educated
91%
High-School Grad
56.2 sq mi
ZIP Area
268
Density / Sq Mi
$63,963
Median Household Income
$38,963
Median Earnings
$923
Median Rent
$178,000
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
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Single-tenant medical office building in Church Hill, Tennessee for sale.
Where is this medical office space located?
The property is located at 406 E Main Blvd Church Hill, TN.
What is the asking price?
The asking price for this property is $1,560,264.
What are key features of this property?
This property features: Long‑term NNN lease with Holston Medical Group (HMG) / Optum (UnitedHealth Group) provides stable, passive income.; Tenant is affiliated with Optum, a division of UnitedHealth Group.; Property has a long‑standing occupancy history of nearly three decades.
(423) 230-0255 Call to check price and availability
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