421 N Broadway Portland, TN 37148
Fully stabilized medical investment property in a rapidly growing Tennessee community.
Property size:
5,100 SFPrice / SF:
$274/SF- Added:
- Jun 24, 2025
- Days on Market:
- 311
- Last Refresh:
- Mar 16 at 9:09 am
Property Features for 421 N Broadway
General Information
- Standard status
- Active
- Size
- 5,100 SF
Building Details
- Year Built
- 1948
Listing agent TANNER SMITH
Listing office COMPASS RE (615) 475-5616
Listing date Jun 24, 2025
Source Corcoran
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 COMPASS RE
Overview
Income-Producing Medical Investment Opportunity
This property offers the opportunity to acquire a stabilized, income-producing medical investment located in Portland, Tennessee. The ±0.82-acre parcel includes a ±5,000 SF medical office building and a ±938 SF tenant-occupied residential home, providing diversified income across three tenants and two asset types. The property will be secured by a new 5-year NNN leaseback with Firefly Health ($5,000/month) and an existing lease with NuLife Physical Therapy ($1,700/month MG) through September 30, 2029, alongside a residential lease at $1,000/month. Combined, the asset generates $92,400 in annual rental income with a NOI of $83,400, supporting a 6.0% cap rate. Originally built in 1948 and updated for modern healthcare operations in 2024, the medical office is well-maintained with established tenancy and immediate in-place cash flow. The property is located 45 minutes north of Nashville in Sumner County, an area experiencing sustained demand for both healthcare and housing. This investment is suitable for buyers seeking stable medical tenancy, low management requirements, and long-term growth potential in a high-demand Middle Tennessee market.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Emily Tidwell
Physician
Dr. Randy Tidwell ...
Physician
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Sumner
- State
- Tennessee
- Longitude
- -86.5217
- Latitude
- 36.5886
Nearby Similar for Sale
FAQs
What type of property is this?
Medical Office Space - Fully stabilized medical investment property in a rapidly growing Tennessee community.
Where is this medical office space located?
The property is located at 421 N Broadway Portland, TN.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Fully stabilized, income‑producing medical investment property.; Diversified income stream from three tenants and two asset types (medical office and residential).; Strong 6.0% cap rate with $83,400 NOI. Minimal landlord obligations.
