862 Callen Lane

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862 Callen Lane

Cleveland, TN 37312
Asking Price
$4.34M
Cap Rate
6.95%
Asset Type
Storefront Retail
Class
Class B

What's Special

Long-Term NNN Leases <ul><li>​New construction medtail asset with long-term NNN leases and annual rent increases</li><li>​Fee simple ownership allows for depreciation of the building boosting after-tax returns</li><li>​Fixed annual rent increases provides hedge against inflation</li><li>​Rent is secured by three experienced and successful medical groups that have made large investments and long-term leases</li><li>​Brand new building with transferable roof warranty provides ease of ownership and stable cash-flow</li

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NOI
$80,000
Cap Rate
1.84%
DSCR
0.31
Underwater
Cash-on-Cash
-13.65%
Monthly Payment
$21,496.689
Annual Cash Flow
$-177,960.271

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