Middle Creek Medical Arts Building | National & Regional Tenants
- 675 Middle Creek Rd, Sevierville, TN
Price
$2,960,000
Cap Rate
7.0%
Occupancy
100%
GLA
14,135 SF
Lot Size
1.04 AC
Year Built
1985
LISTING BROKER
Brandon Hakimi
Director of Investment Sales
Investment Highlights
- Medical Office Building leased to two medical tenants, Summit Medical Group and English Mountain Recovery.
- Summit Medical Group is East Tennessee’s largest primary care organization, with more than 375 providers at 82 locations across 15 counties.
- Summit Medical Group signed a new 15 year NNN lease with 3% annual rent increases.
- Summit Medical Group’s space underwent a $600K renovation in 2023.
- English Mountain Recovery (acquired by Summit BHC – a national medical tenant), is a addiction treatment center that offers world class care.
- The Medical Office Building is located across the street from LeConte Medical Center, and next to VA Medical Center, Sevier County Health Department and Burchfiel Medical Professional Building.
- A major tourist destination (9 million annual visitors) serving as the gateway to the Great Smokey Mountains National Park.
- The building was originally planned as a medical office condo development and the suites are individually deeded.