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370-382 Natchez Street. Franklin
For Sale

Price: $1,395,000

Available Square Footage: 4,400 sf
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Description

Two modern office / medical office buildings.  4400 +- total sq. ft. One built for tenant 2017.  True NNN leases. Franklin Investment properties.    Shared Paved parking lot.  Excellent location just outside downtown Franklin.   Zoned office Residential, live work. Rented to very stable non profits. $76,500 NOI. 370 Natchez Street Free standing 2400+- Sq. Ft. Office Building built new in 2017 for current tenant..  10 year lease in 1-1-2017. One 5 year renewal option. Rented for $3750 NNN. Annual inflation increases after year 4. Lot 65 x 140. .22 Acre Lot 382 Natchez separate free standing building.  2000+- sq. ft.  Rented for $2625 per month until 10-1-22.  Suggested current market rent is $4000 per month. .23 ACRE LOT 70x144. Sold as a pair, but 2 different deeds.

Details

Property type: Building

Sub type: Office

Price: 1,395,000

Available square feet: 4,400 sf

Net operating income: 3750

Year built: 2018

Zoning: OR

Parking spaces: 16

Sale status: Off Market

Sale / lease: For Sale

Cap rate: 5.29

Building square feet: 4,400 sf

Acreage: .45

Building class: A

Ceiling height: 8

Roof: Comp

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