Medical Facility in Columbia,
For Sale
Contact for pricing
Pending
808 S James Campbell Blvd, Columbia, TN 38401
Single-tenant, net-leased medical facility in a growing Nashville suburb.
Property Size39,640 SF
Days on Market168
Property Features for 808 S James Campbell Blvd
General Information
Standard status
Pending
Size
39,640 SF
Class
A
Property subtype
Office, Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Institutional
Net Operating Income
$277,480
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
Atlantic Capital Partners
(704) 375-7771
Listed By:
Teddy Driscoll · License #GA 429151
Source:
Crexi
Added: Feb 24
Changed: Aug 8
Last Checked: Aug 9 at 7:08AM
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 Atlantic Capital Partners
Investment Insights
Based on property information with market context.
This single-tenant net leased medical facility is located in Columbia, Tennessee, a rapidly growing suburb of Nashville. The property, with 39,640 square feet, is leased to Maury Regional Medical Center, the largest hospital system in Tennessee, which holds an investment grade credit rating of BBB/Stable (S&P). The tenant is operating under a NNN lease and is offered free and clear of existing financing. The lease was signed for a term of 20 years, expiring in 2032, and includes a 10-year option at CPI. The property is strategically located just 1 mile from the main Maury Regional Medical Center. As the Maury Regional Health Cancer Center, located at 808 S. James Campbell Blvd, it provides essential services for the area, functioning as a comprehensive treatment center with clinical specialists, treatment technologies, and support services for cancer patients and their families. Maury Regional Health is a major employer and anchor institution for the region.
Key Highlights
- Tenant, Maury Regional Medical Center, has an investment‑grade credit rating (S&P: “BBB/Stable”)
- Long‑term 20‑year lease in place until 2032, with a 10‑year option at CPI
- Single tenant net leased medical facility
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$232,650
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.58%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,653,000
$4.7M
Cap Rate 7%
$3,323,571
$3.3M
Cap Rate 9%
$2,585,000
$2.6M
Market Conditions
NOI Build-Up for 39,640 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$404.3K $10.20/SF
− Vacancy
−$16.6K −$0.42/SF
EGI
$387.8K $9.78/SF
− OpEx
−$155.1K −$3.91/SF
NOI
$232.7K $5.87/SF
Area
Maury County, TN
Vacancy
4.10%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,653,000
Cap Rate 7%
$3,323,571
Cap Rate 9%
$2,585,000
Alternative Uses
Best Use
Healthcare Medical
$3.32M
$2.91M – $3.88M
NOI $232,650 @ 7.0% cap · market cap 5.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$11.62M
$10.17M – $13.56M
NOI $813,413 @ 7.0% cap · market cap 19.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
684
Businesses Nearby
Explore this area
Business Placement
Demographics for 38401, TN
63,075
Population
28,470
Households
2.2
Avg Household Size
40
Median Age
24%
College-Educated
92%
High-School Grad
296.7 sq mi
ZIP Area
213
Density / Sq Mi
$69,467
Median Household Income
$42,314
Median Earnings
$1,084
Median Rent
$295,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical center - Single-tenant, net-leased medical facility in a growing Nashville suburb.
Where is this medical center located?
The property is located at 808 S James Campbell Blvd Columbia, TN.
What is the asking price?
The asking price for this property is $4,172,600.
What are key features of this property?
This property features: Tenant, Maury Regional Medical Center, has an investment‑grade credit rating (S&P: “BBB/Stable”); Long‑term 20‑year lease in place until 2032, with a 10‑year option at CPI; Single tenant net leased medical facility
