For Sale
$10,252,280

805 ParkwayJackson, TN 38305

High-yield, net-leased medical office

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
121

Highlights

  • $10,252,280 asking price for a 40,576 SF medical office building in Jackson, TN.
  • 7.8 years remaining on a 10-year net lease with West Tennessee Healthcare, Inc., a leading regional healthcare provider with an A-credit rating.
  • Annual 2% rent increases built into the lease.
  • Double Net (NN) lease with landlord responsibilities limited to roof and structure.
  • 7.00% cap rate with a $717,659 NOI.
  • The property's healthcare focus provides market resilience.

Property Details for 805 Parkway

Property type
Office properties, Medical offices
Square Feet
40,576 SF
Year Built
1993
Lot Size (sq. ft)
129,809 SF

Location Insight

City
Jackson
County
Madison
State
Tennessee
Latitude
35.652061198648
Longitude
-88.834088287388
805 Parkway, Jackson, Tennessee
+−
Leaflet | © OpenStreetMap contributors

Nearby Similar for Sale

FAQs

What type of property is this?
Office property - High-yield, net-leased medical office
Where is the office property located?
The property is located at 805 Parkway Jackson, TN.
What is the asking price?
The asking price for this property is $10,252,280.
What are key features of this property?
This property features: $10,252,280 asking price for a 40,576 SF medical office building in Jackson, TN.; 7.8 years remaining on a 10-year net lease with West Tennessee Healthcare, Inc., a leading regional healthcare provider with an A-credit rating.; Annual 2% rent increases built into the lease.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
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Contacts

Sykes Cargile
Sykes Cargile
Austin Marsh
Austin Marsh
Tom Gorman
Tom Gorman
Stratton Greig
Stratton Greig
Thomas Miller
Thomas Miller
Will Beightol
Will Beightol
Visit Broker Website

Learn more

Useful Information

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Parkway
Jackson, TN 38305

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Parkway
Jackson, TN 38305

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

805 Parkway
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