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Get In TouchWest Tennessee Healthcare, Inc | Jackson, TN
West Tennessee Healthcare Inc.
1804 Hwy 45 Bypass, Jackson, TN, 38305, USA
Sands Investment Group is Pleased to Exclusively Offer For Sale the 54,835 SF West Tennessee Healthcare NN Located at 1804 Highway 45 Bypass in Jackson, TN. This Deal Includes 2% Annual Rental Increases, During Both the Primary Term and Option Periods, Which Ensures a Steady Growth in Net Operating Income (NOI) and Protects Against Inflation, Providing For a Secured Investment.
- A-Credit Rated Tenant: West Tennessee Healthcare Inc, a Leading Healthcare Provider in the Region, Operates a Robust Network of Ninety (90) Hospitals and Medical Facilities, Ensuring a Dependable and Reputable Tenant With a Strong A-Credit Rating
- Long-Term Investment: This Investment Offers Approximately 8 Years Remaining on the Initial Lease Term, Providing Investors With a Stable, Long-Term Income Stream
- Inflation Hedge: Annual Rental Increases of 2% During Both the Primary Term and Option Periods Ensures Steady Growth in Net Operating Income (NOI) and Protects Against Inflation
- Double Net (NN) Lease: Landlord Responsibilities Are Limited to Roof and Structure, Minimizing Operational Burden and Maintenance Costs For the Landlord
- Market Resilience: Healthcare Properties Are Considered Resilient Investments, as They Are Affected By Economic Downturns and E-Commerce Competition; the Essential Nature of Medical Services Ensures Consistent Demand, Making These Assets a Sound Investment Choice
- Operational Experience: West Tennessee Healthcare is Committed to Delivering High-Quality Care and Has a Strong Track Record of Operational Excellence; the Organization’s Focus on Patient-Centered Care and Community Health Initiatives Further Strengthens the Value of These Properties
In Cooperation With Sands Investment Group Tennessee, LLC Lic. #263973 BoR: Tom Gorman Lic. TN #370394
West Tennessee Healthcare Inc.
1804 Hwy 45 Bypass, Jackson, TN, 38305, USA
WEST TENNESSEE HEALTHCARE, INC
West Tennessee Healthcare is trusted with the health and wellbeing of more than half a million people living across 9,000 square miles of West Tennessee. It’s a trust built over more than 70 years by the thousands of compassionate physicians, nurses and care givers working in the 90 hospitals and medical centers that make up West Tennessee Healthcare. Treating more than 185,000 patients annually in eight emergency rooms. The District, known as West Tennessee Healthcare, has now grown into a comprehensive health system operating hospitals and clinics, as well as providing other healthcare services, and now employs over 7,000 people throughout the region.
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Price
$11,755,818
Cap Rate
8.25%
PREMISES
54,835 SF
RENEWAL OPTIONS
2 x 5 Year Options
Lease Expiration
08/31/2032
Lease Type
NN
RENTAL INCREASES
2% Annually
BROKERS
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To receive access to this OM, please review and sign our confidentiality agreement:
Sands Investment Group (“Broker”) is presenting for sale the Subject Property (“Property”) referenced above, by the Property’s owner (the “Owner”). Our agreement with the Owner requires that we obtain a Non-Disclosure before disclosing the name and location of his/her location of his/her business. The undersigned (“Recipients”) hereby acknowledge and agree that certain confidential information that has been or may be disclosed is intended solely for Recipients’ limited use in considering whether to pursue negotiations to acquire the Property.
Neither the Owner of the Property nor Broker or any of their respective officers, employees or agents, make any representation or warranty, expressed or implied, as to the accuracy or completeness of this confidential information and no legal liability is assumed or shall be implied with respect thereto. Information provided has been or will be gathered from sources that are deemed reliable; however, neither Owner nor Broker warrants or represents that the information is true or correct. Recipients are advised to verify information independently. Owner and/or Broker reserve(s) the right to change the Property’s purchase price, or any Property or market information provided, or to withdraw the Property from the market at any time without notice.
Recipients agree that the information provided by Broker is confidential and as such, agrees to hold and treat such information in the strictest of confidence. In addition, Recipients agree not to disclose, directly or indirectly, or permit anyone else to disclose this information to any person, firm or entity without prior written authorization of Owner or Broker and not use, or permit to be used this information in any fashion or manner detrimental to the interests of Owner or Broker. Photocopying or other duplication of such confidential information is strictly prohibited. Recipients agree not to contact the Property’s tenant(s), leasing brokers, or property management staff in connection with Recipients’ review of the Property or confidential information. IN ADDITION, THE CONFIDENTIAL INFORMATION SHALL NOT BE DEEMED AS REPRESENTATIVE OF THE STATE OF AFFAIRS OF THE PROPERTY OR CONSTITUTE AN INDICATION THAT THERE HAS BEEN NO CHANGE IN THE BUSINESS OR AFFAIRS OF THE PROPERTY SINCE THE DATE OR PREPARATION OF THE OFFERING MEMORANDUM.
While Owner and/or Broker may discuss the purchase and sale of the Property with Recipients, either Owner or Broker, in our sole and absolute discretion, may terminate sale discussions at any time and for any reason. Recipients acknowledge that neither Owner nor Broker has any obligation to discuss or agree to the sale of the Property. The acquisition discussions may be lengthy and complex. Notwithstanding that the parties may reach one or more oral understandings or agreements on one or more issues, neither of the parties shall be bound by any oral agreement of any kind, and no rights, claims, obligations or liabilities of any kind, either expressed or implied, shall arise or exist in favor of or be binding upon either Owner or Broker except to the extent expressly set out in a written agreement signed by both Owner and Broker.
This letter will further confirm that Recipients understand that Broker is presenting the information on the above-referenced Property and that Recipients agree that all initial correspondence and agreements pertaining to the opportunities and subsequent purchase shall be submitted through Agent. Prospective Buyer shall not contact the Owner directly unless given written permission by Agent or act either directly, indirectly, through any third parties including affiliates, other clients or other brokers to circumvent the purpose of this Agreement.
The term of this Agreement is for one (1) year from the date below, which shall be automatically extended through any ongoing negotiations, escrow periods or closing of any purchase and sales transaction(s) for the opportunity entered into by Prospective Buyer or its affiliates during the term hereof.
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