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Property profile & analytics
FOR LEASE
Medical Office Space

100 Covey Dr Franklin, TN 37067

53,760 SF 3.5 ac lot Built 1988
Entity Owned 5-yr Hold Free & Clear
Property ID
US80-1244738
Property summary
AI-generated overview

Physicians Plaza, located at 100 Covey Dr, Franklin, TN 37067, offers exceptional medical office space for lease. This Class A, three-story building boasts a total of 51,720 square feet, situated on the Williamson Health Medical Center hospital campus, providing unparalleled convenience and visibility. The building is strategically located directly off I-65 and Murfreesboro Road, ensuring easy access for patients and staff. Multiple tenancy options are available, with spaces ranging from a minimum of 626 square feet to a maximum contiguous space of 3,031 square feet. Currently, 5,136 square feet of space is vacant and ready for immediate occupancy. The building consists of one building with three stories, and is located in Williamson County. This prime location within a thriving medical community presents a unique opportunity for healthcare professionals seeking modern, efficient, and conveniently located office space. The building's Class A designation reflects its high-quality construction, modern amenities, and professional atmosphere. Interested parties are encouraged to inquire about available space and lease terms. This is an exceptional opportunity to establish or expand your medical practice in a highly desirable location.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1988
Construction CONCRETE
Total area 53,760 SF
Lot 3.5 ac (152,460 SF)
APN 094079K A 00100
UPID US80-1244738
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Franklin Family Dental Dental Office
  • Cox Orthodontics Dental Office
  • Tennessee Retina Medical Clinic Ophthalmologist
  • Christopher Optical Physicians Plaza Ophthalmologist (Bike/Boat/Book/etc) Store
  • Naomi MD MedSpa Spa & Massage Center Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$10.57M
CAP Approach CAP
$11.44M
Comparable Approach Comparable
by Request
Blend (final) Blend
$13.85M
Owner & transaction history
100 Covery Dr LLC · 5 yrs held
100 Covery Dr LLC
since 2021
Last sale
$14.0M
4 recorded transactions
2021
Price N/A
2021
$14.0M
2007
$14.0M
2007
$14.0M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $12.2M +41.1%
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