Madison, TN - Concentra Urgent Care

Description:

• Opportunity to acquire a 39% occupied, two-tenant retail building in Madison, TN
• A future investor will be able to capitalize on the asset’s value-add potential through the lease up of the vacant space
• Concentra has 6+ years remaining on their lease with an option to extend; the option rent will be based on FMV
• Concentra reimburses for CAM, taxes, and insurance

• Subject property is strategically located off the signalized, hard corner intersection of Gallatin Pike N and Myatt Dr averaging 53,500 combined VPD
• The building is part of a larger development that features TJ Maxx, Olive Garden, Whataburger, Dutch Bros, and more
• The strong tenant synergy will promote significant crossover store exposure to
the site
• The immediate trade area is supported by a strong big box retailer presence from The Home Depot, Target, Walmart Supercenter, PetSmart, Hobby Lobby, and more
• Less than 3 miles from Interstate 65 (176,600 VPD), providing direct on/off ramp access for travelers
• More than 109,000 residents and 50,000 employees support the trade area
• $82,876 average household income