985 Industrial Blvd Smyrna, TN 37167-6815
Property profile & analytics
985 Industrial Blvd Smyrna, TN 37167-6815
- Medical Office Space
- 4,830 SF
- 0.87 lot acres
Property ID
US80-1586441
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Dr. Jonathan Head / Pediatrician / Physician
- Dr. Susan Carter / Physician
- American Family Care Smyrna / Medical Clinic
Property Details for 985 Industrial Blvd
- Year built
- 2011
- Construction
- FRAME
- Lot size
- 0.87 lot acres
- Property size
- 4,830 SF
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 028-066.06-000
- APU
- 2806606000
Description
This exceptional investment opportunity presents a 4,800 square foot Class A retail building, currently leased to American Family Care under a 15-year absolute NNN lease commencing August 1, 2023, and expiring July 31, 2038. The property boasts a strong 6.18% cap rate and a substantial net operating income (NOI) of $167,505. The lease includes annual rent bumps tied to CPI increases, with a 2% floor and no cap, ensuring consistent income growth. Located at 985 Industrial Blvd, Smyrna, TN 37167, this strategically positioned property benefits from its proximity to a high-performing Target store and other national retailers such as Kohl's, BJ's Club, Ross, Starbucks, Chipotle, and Longhorn Steakhouse. The site features ample parking, providing convenient access for patients. The property enjoys high visibility with 48,942 vehicles per day on Sam Ridley Parkway. The tenant, American Family Care, is backed by a corporate guarantee, mitigating risk. This single-tenant, net lease investment offers a secure and lucrative return with a remaining lease term of approximately 13.7 years and a price per square foot of $564.67. The asking price is $2,710,434. A 10-year lease option is also available.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Smyrna
- County
- Rutherford
- State
- Tennessee
- Longitude
- -86.5663
- Latitude
- 35.9788
- CBSA code
- 34980
- CBSA name
- NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$19,262
$426,120
$375,800
$801,920
-
$1,065,300
$939,500
$2,004,800
