370-382 Natchez Street. Franklin
Off Market

Price: $1,395,000

Available Square Footage: 4,400 sf
Acreage: .45
Share this Property

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 70×144.

Sold as a pair, but 2 different deeds.

Details

Online:

Property Type: Building

Sub Type: Office

Price: 1,395,000

Square Feet Available: 4,400 sf

NOI: 3750

Year Built: 2018

Ceiling Height: 8 ft

Parking Spaces: 16

Sale Status: Off Market

Sale Type: Sale

Cap Rate: 5.29

Building Square Feet: 4,400 sf

Class: A

Acreage: .45

Roof: Comp

Zoning: OR

Terms

Cash

Gallery

Map