675 Middle Crk Rd, Sevierville, TN 37862-5014
- Medical Office Space
- 2,827 SF
Current Use by Public Records
- Middle Creek Family Practice / Medical Clinic
- Tolley, Vincent / Pediatrician / Physician
- Jennifer Marsh / Physician
- Misischia Mary MD / Physician
- Pamela Sturgill / Physician
Property Details for 675 Middle Crk Rd
- Year built
- 1987
- Zone code
- C-4
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 078062 01401 001
- APU
- 7806201401001
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| — | — | John L Sonner | — | Deed Of Trust · related | $86k · Mountain National Bank |
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.
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Location Insight
- Map
- Local Demand
- City
- Sevierville
- County
- Sevier
- State
- Tennessee
- Longitude
- -83.5409
- Latitude
- 35.8546
- CBSA code
- 42940
- CBSA name
- SEVIERVILLE, TN MICROPOLITAN STATISTICAL AREA
