Listing Summary
Prime single-tenant medical office building for sale in Harrison (Chattanooga MSA), TN. Leased to CommonSpirit Health (S&P: A-) with a 6.95% Cap Rate and $104,292 NOI.
Full Description
Anchor Point Capital is pleased to present the exclusive investment opportunity to acquire a high-performing, single-tenant net-leased (STNL) medical office property. Offered at $1,500,000, this 5,794 SF Class B medical facility is situated on a generous 1.30-acre lot, providing exceptional accessibility, strong tenant commitment, and predictable long-term rental income.
Backed by CommonSpirit Health (CHI Memorial)—one of the nation's largest non-profit healthcare systems—this investment asset features a newly executed 5-year lease extension, recent capital improvements, and contractual rent growth in a rapidly expanding submarket.
Executive Investment Highlights
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100% Leased to Industry-Leading Tenant: Corporate lease backed by CommonSpirit Health (CHI Memorial), a premier national healthcare system ensuring top-tier credit stability.
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Early 5-Year Lease Extension: Highlighting strong performance and commitment to this strategic location, the tenant recently exercised an early 5-year NN lease extension.
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Minimal Landlord Responsibilities: Net-lease structure requiring minimal management intervention (landlord responsible only for roof and structure), making it ideal for passive or 1031 exchange investors.
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Brand-New Capital Improvements: Recent property upgrades reduce prospective near-term capital expenditure requirements and enhance overall asset value.
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Inflation-Hedged Rent Growth: Contractual rent increases embedded in the lease structure provide ongoing yield growth and protection against inflation.
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Strategic Growing Location: Situated in an expanding commercial trade area with strong demographic tailwinds and sustained demand for healthcare services.
Property Overview & Specifications
| Feature / Detail |
Property Specification |
| Offering Price |
$1,500,000 |
| Building Footprint |
5,794 SF |
| Price Per Square Foot |
~$258.89 / SF |
| Property Type |
Office |
| Property Subtype |
Medical Office (STNL) |
| Tenancy |
Single-Tenant |
| Building Class |
Class B |
| Year Built |
1996 |
| Story Height |
1 Story |
| Typical Floor Size |
5,794 SF |
| Lot Size |
1.30 Acres |
| Building FAR |
0.10 |
| Zoning Code |
C-2 (Commercial) |
| Parking Ratio |
35 Dedicated Spaces (6.04 per 1,000 SF Leased) |
Commercial Location & Property Highlights
This single-tenant medical facility boasts superior physical layout and zoning attributes tailored specifically for healthcare operations:
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Ample Patient & Staff Parking: Outstanding parking capacity with 35 dedicated spaces, providing an above-average parking ratio of 6.04 spaces per 1,000 SF, essential for high-volume clinical care.
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Flexible C-2 Commercial Zoning: Positioned on a spacious 1.30-acre parcel with low floor area ratio (FAR 0.10), offering long-term residual land value and excellent site functionality.
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Established Medical Hub: Purpose-built Class B construction tailored to meet modern clinical standards, serving a growing patient base in the surrounding community.
Brokerage Note: For complete financial information, lease terms, and confidential offering memorandums, please contact Anchor Point Capital.
Quick Glance
- Listing ID:
CL-Tennessee-28054
- Status:
Active
- Year Build:
1996
- Building Size:
5,794 SqFt
- Lot Size:
1 Acr
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