675 Middle Crk Rd Sevierville, TN 37862-5014

Property Details for 675 Middle Crk Rd

Year built

1987

Property size

2,827 SF

Zone code

C-4

Property type

Medical offices

Property subtype

Medical centers

APN

078062 01401 001

APU

7806201401001

Description

This exceptional 14,135-square-foot medical office building in Sevierville, Tennessee presents a compelling investment opportunity. The property boasts 100% occupancy with two tenants: a regional and a national medical group. Both tenants are under long-term, triple-net (NNN) leases, ensuring minimal landlord responsibilities. The leases feature attractive 3% annual rent increases, providing predictable income growth. Summit Medical Group recently completed a $600,000 renovation to their space in 2023, and English Mountain Recovery is currently undergoing a $100,000 renovation. The building, constructed in 1985, benefits from a highly desirable location within a thriving medical corridor, situated across from LeConte Medical Center and adjacent to a VA Medical Center, the Sevier County Health Department, and the Burchfiel Medical Professional Building. The strong tenant base, coupled with the strategic location in a major tourist destination near the Great Smoky Mountains National Park and Dollywood, makes this a stable and potentially high-growth investment. The asking price is $3,375,000, representing a 7.25% cap rate. Summit Medical Group's lease is for 15 years, and English Mountain Recovery's lease is for 7 years. This property offers a rare combination of strong tenancy, predictable income, and significant upside potential.

Location Insight

City

Sevierville

County

Sevier

State

Tennessee

Longitude

-83.5409

Latitude

35.8546

CBSA code

42940

CBSA name

SEVIERVILLE, TN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments