204 Maddox-Simpson Pkwy Lebanon, TN 37090
- Office Properties & Spaces
- 9,955 SF
- 1.81 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 204 Maddox-Simpson Pkwy
- Year built
- 2012
- Lot size
- 1.81 lot acres
- Property size
- 9,955 SF
- Property type
- Office Properties & Spaces
Description
This exceptional investment opportunity presents a single-tenant, 9,955 square foot office building fully leased to the Tennessee Department of Safety and Homeland Security. Located in Lebanon, TN, within the Nashville MSA, this property boasts a newly completed, $1.125 million renovation (2024), encompassing a new roof, windows, HVAC system, plumbing, and electrical upgrades. The 10-year lease, commencing December 1, 2024, and expiring November 30, 2034, provides exceptional long-term stability and a strong 6.50% cap rate based on a Net Operating Income (NOI) of $200,948. The tenant, with an AAA+ S&P Global Credit Rating, is responsible for all utilities and janitorial services. The property features 128 paved parking spaces and sits on a 1.81-acre level lot. Built in 2012, this single-story brick building offers a secure and stable investment with in-place professional management available. The property is 100% occupied with a lease type classified as Modified. This is a rare opportunity to acquire a high-quality, government-leased asset in a rapidly growing submarket of the Nashville MSA. The property is located at 204 Maddox-Simpson Pkwy, Lebanon, TN 37090.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lebanon
- County
- Wilson
- State
- Tennessee
- Longitude
- -86.298
- Latitude
- 36.1729
