1306 Donelson Pky | Dover, TN 37058
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- LoopNet Team
1306 Donelson Pky
Dover, TN 37058
Dover Eye Clinic | 9.00% Cap | 4% Co-Op Fee · Office Property For Sale
Investment Highlights
- Medical Office Building – Medical tenants have a history of being one of the most stable tenant types, even in rural areas, with economic volatility
- Advantageous Return – At an 9.00% cap rate, this asset provides an attractive return that will likely allow a profitable spread
- Allison Boyer Mental Health Clinic – Occupying 15% of the building this tenant is a local mental health professional with a lease expiring in November
- Passive Lease Structure – This investment is nearly all hands-off providing an ideal investment for out-of-state investors
- AEG Vision – The primary tenant occupying 85% of the building is AEG Vision, a growing operator in the optometry space
- Optometry Market – The overall optometry market in the US is over $20.1B as of 2021 and is expected to increase 4.5% annually.
PROPERTY FACTS
Property Type
Office
Property Subtype
Medical
Building Size
5,108 SF
Building Class
C
Year Built
1989
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
5,108 SF
Building FAR
1.17
Lot Size
0.10 AC
PROPERTY TAXES
| Parcel Number | 085-068.01 | Improvements Assessment | £89,978 |
| Land Assessment | £38,498 | Total Assessment | £128,476 |
PROPERTY TAXES
Parcel Number
085-068.01
Land Assessment
£38,498
Improvements Assessment
£89,978
Total Assessment
£128,476
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