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Office Medical

Tollgate Crossing

991 Elliston Way, Thompson's Station, TN 37179

Listing Price: $6,610,163

Cap Rate
5.50%
Gross SF
10,300
Rentable SF
10,300
Price/Gross SF
$641.76
Occupancy
100.0%
Year Built
2022
Lot Size
1.21 acres

Investment Overview

?- Projected construction completion and tenant openings late July 2022 - ?Class “A”, All-Brick construction Net-Lease medical investment ?- 100% leased with 15- Year Lease with Fast Pace Urgent Care (179-units), 10- Year Lease with Autism in Motion (Hopebridge) (100 units), & rent escalations in each lease - ?Immediate access to and frontage along Columbia Pike (Hwy 31) & less than 1-mile from Interstate 840 with strong traffic counts of ±20,370 VPD ?- Multiple access points into the development and last remaining growth area along Interstate 840 & Interstate 65 - ?Optimal Market demographics: ±42,800 residents in a 5-mile radius, average $144K HH income in 1,3,5 mile radii, & ±98,087 residents in a 15-mile Drive Time - ?Interstate highways I-24, I-40, and I-65 converge in Nashville, putting the region within a 2.5-hour drive of 12 million people - ?Niche medical community surrounded by Vanderbilt Center for Women’s Health, Grace Pediatrics, Williamson Medical Group, Bone & Joint Institute, and Independence High School (1,700+ students) - ?Companies with corporate headquarters in Nashville include Bridgestone Americas, Dollar General, HCA Healthcare, and Ryman Hospitality Properties - ?Nashville is home to nearly 2 million residents living across 10-county Greater Nashville Region - ?Williamson County is expected to grow by 153% or 536,434 residents by 2040

Investment Highlights

  • Projected construction completion and tenant openings late July 2022
  • 100% leased with 15- Year Lease with Fast Pace Urgent Care (179-units), 10- Year Lease with Autism in Motion (Hopebridge) (100 units), & rent escalations in each lease
  • Interstate highways I-24, I-40, and I-65 converge in Nashville, putting the region within a 2.5-hour drive of 12 million people

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s) TN: 307629

    Tennessee

Financing By

Office Medical

Tollgate Crossing

Listing Price: $6,610,163

Cap Rate
5.50%
Gross SF
10,300
Rentable SF
10,300
Price/Gross SF
$641.76
Occupancy
100.0%
Year Built
2022
Lot Size
1.21 acres

Investment Highlights

  • Projected construction completion and tenant openings late July 2022
  • 100% leased with 15- Year Lease with Fast Pace Urgent Care (179-units), 10- Year Lease with Autism in Motion (Hopebridge) (100 units), & rent escalations in each lease
  • Interstate highways I-24, I-40, and I-65 converge in Nashville, putting the region within a 2.5-hour drive of 12 million people

Investment Overview

?- Projected construction completion and tenant openings late July 2022 - ?Class “A”, All-Brick construction Net-Lease medical investment ?- 100% leased with 15- Year Lease with Fast Pace Urgent Care (179-units), 10- Year Lease with Autism in Motion (Hopebridge) (100 units), & rent escalations in each lease - ?Immediate access to and frontage along Columbia Pike (Hwy 31) & less than 1-mile from Interstate 840 with strong traffic counts of ±20,370 VPD ?- Multiple access points into the development and last remaining growth area along Interstate 840 & Interstate 65 - ?Optimal Market demographics: ±42,800 residents in a 5-mile radius, average $144K HH income in 1,3,5 mile radii, & ±98,087 residents in a 15-mile Drive Time - ?Interstate highways I-24, I-40, and I-65 converge in Nashville, putting the region within a 2.5-hour drive of 12 million people - ?Niche medical community surrounded by Vanderbilt Center for Women’s Health, Grace Pediatrics, Williamson Medical Group, Bone & Joint Institute, and Independence High School (1,700+ students) - ?Companies with corporate headquarters in Nashville include Bridgestone Americas, Dollar General, HCA Healthcare, and Ryman Hospitality Properties - ?Nashville is home to nearly 2 million residents living across 10-county Greater Nashville Region - ?Williamson County is expected to grow by 153% or 536,434 residents by 2040

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s): TN: 307629

    Tennessee

Financing By

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