2725 State St Bristol, TN 37620

Exceptional investment opportunity: a 2,000 square foot medical retail building in Bristol, Tennessee, currently leased to Savida Health under a Net Lease (NN+) agreement. The property boasts a strong 8.00% cap rate and a compelling $575,000 asking price, translating to $287.50 per square foot. The five-year lease, commencing February 12, 2024, and expiring February 11, 2029, includes a corporate guarantee from Savida Health, a rapidly expanding company with 54+ locations. The lease features a 2% annual rent increase, ensuring consistent cash flow growth. The building, constructed in 1967 and extensively renovated in 2023, sits on a 0.35-acre lot in a high-growth area, directly across from new Class A multifamily and self-storage developments. Its prime State Street location offers excellent visibility and proximity to the Hard Rock Casino & Hotel, as well as numerous national retailers. The property's recent improvements include upgrades to the building and parking lot. The lease includes two, two-year renewal options. This recession-resistant investment presents a rare opportunity to acquire a stable, high-performing asset with significant upside potential. The strong tenant, prime location, and built-in rent increases make this a compelling investment for discerning buyers. The Net Operating Income (NOI) is $46,000.