545 Oak Ridge Tpke | Oak Ridge, TN 37830
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545 Oak Ridge Tpke
Oak Ridge, TN 37830
Atkins Nuclear Secured · Office Property For Sale
Investment Highlights
- STRONG TENANT PROFILE - Atkins Nuclear Secured, a member of the SNC-Lavalin Group with $5.89 Billion in revenue, is a world leading firm.
- ANNUAL RENTAL INCREASES - The lease provides 2.5% annual rental increases through the base term and option periods.
- RECENT EXPANSION - In 2017, Atkins Nuclear Secured elected to take over 100% of the GLA and is the sole tenant occupying the building.
- NEW LEASE EXTENSION - The tenant just exercised a new 3-year lease extension, and eliminated a handful of LL expenses/responsibilities.
- HIGH YIELD INVESTMENT - This property provides an 8.71% blended cap rate in the base term, a superior yield to the vast majority of investments.
- INCOME TAX-FREE STATE - Tennessee is non-income tax state.
PROPERTY FACTS
Property Type
Office
Building Size
36,005 SF
Building Class
B
Year Built
2002
Tenancy
Single
Number of Floors
2
Typical Floor Size
18,003 SF
Slab to Slab
15 ft
Building FAR
0.32
Lot Size
2.60 AC
Parking
75 Spaces (2.08 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 094K-A-009.00 | Improvements Assessment | £854,110 |
| Land Assessment | £164,524 | Total Assessment | £1,018,635 |
PROPERTY TAXES
Parcel Number
094K-A-009.00
Land Assessment
£164,524
Improvements Assessment
£854,110
Total Assessment
£1,018,635
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