Skip to main content

Office Medical

Prisma Health Maryville

1702 E Lamar Alexander Pkwy, Maryville, TN 37803, Maryville, TN 37803

Listing Price: $774,507

Cap Rate
9.75%
Gross SF
2,740
Rentable SF
2,740
Price/Gross SF
$282.67
Occupancy
100.0%
Year Built
1985
Lot Size
0.56 acres

Investment Overview

Marcus & Millichap is pleased to present this single-tenant medical office building net-leased to Prisma Health, the largest healthcare system in South Carolina and an investment-grade (A+, S&P) credit tenant. The 2,740-square-foot building sits on 0.56 acres along E. Lamar Alexander Parkway, a high-traffic corridor carrying 22,900+ VPD, directly within the established medical ecosystem surrounding Blount Memorial Hospital.

In December 2024, Prisma Health expanded outside South Carolina for the first time by integrating Blount Memorial Hospital, committing to a minimum of 10 years of essential services and $275 million in East Tennessee capital investment — underscoring the tenant's long-term commitment to this market.

Investment Highlights

  • Investment-grade tenant: Prisma Health carries an A+ credit rating (S&P Global), $7.4B in annual revenue, and operates 20 hospitals with 33,000+ employees
  • Recent tenant capital investment into the property, demonstrating continued commitment to the location
  • High-visibility location with 22,900+ VPD along E. Lamar Alexander Pkwy
  • Positioned within an established healthcare corridor near Blount Memorial Hospital (304 beds), surrounded by complementary medical and retail tenants (Dialysis Clinic Inc., Curtiss Dentistry, First Horizon, Food Lion, and more)
  • Affluent trade area: $90,381 average household income within 5 miles — a 21% premium over the Knoxville MSA average
  • Located in the growing Knoxville, TN MSA (931K population, projected 3.3% household growth 2024–2029)

Exclusively Listed By

Broker of Record

  • Jody Mckibben

    Senior Managing Director, Market Leader - Mid-South

    (615) 997-2800

    License(s) TN: 307629

    Tennessee

Listing Price: $774,507

Cap Rate
9.75%
Gross SF
2,740
Rentable SF
2,740
Price/Gross SF
$282.67
Occupancy
100.0%
Year Built
1985
Lot Size
0.56 acres

Investment Highlights

  • Investment-grade tenant: Prisma Health carries an A+ credit rating (S&P Global), $7.4B in annual revenue, and operates 20 hospitals with 33,000+ employees
  • Recent tenant capital investment into the property, demonstrating continued commitment to the location
  • High-visibility location with 22,900+ VPD along E. Lamar Alexander Pkwy
  • Positioned within an established healthcare corridor near Blount Memorial Hospital (304 beds), surrounded by complementary medical and retail tenants (Dialysis Clinic Inc., Curtiss Dentistry, First Horizon, Food Lion, and more)
  • Affluent trade area: $90,381 average household income within 5 miles — a 21% premium over the Knoxville MSA average
  • Located in the growing Knoxville, TN MSA (931K population, projected 3.3% household growth 2024–2029)

Investment Overview

Marcus & Millichap is pleased to present this single-tenant medical office building net-leased to Prisma Health, the largest healthcare system in South Carolina and an investment-grade (A+, S&P) credit tenant. The 2,740-square-foot building sits on 0.56 acres along E. Lamar Alexander Parkway, a high-traffic corridor carrying 22,900+ VPD, directly within the established medical ecosystem surrounding Blount Memorial Hospital. In December 2024, Prisma Health expanded outside South Carolina for the first time by integrating Blount Memorial Hospital, committing to a minimum of 10 years of essential services and $275 million in East Tennessee capital investment — underscoring the tenant's long-term commitment to this market.

Exclusively Listed By

Broker of Record

  • Jody Mckibben

    Senior Managing Director, Market Leader - Mid-South

    (615) 997-2800

    License(s): TN: 307629

    Tennessee

MM Texture Background
MM Textured Background Lower