370-382 Natchez Street. Franklin
Building Square Footage: 4,400
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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 70×144.
Sold as a pair, but 2 different deeds.
Property Type: Building
Sub Type: Office
Square Feet Available: 4,400 sf
Year Built: 2018
Ceiling Height: 8 ft
Parking Spaces: 16
Sale Status: Open
Sale Type: Sale
Cap Rate: 5.29
Building Square Feet: 4,400 sf