Office Medical

Ballad Health / VA Clinic On-Campus MOb

401 Scenic Dr, Rogersville (Kingsport-Bristol MSA), TN 37857

Listing Price: $5,600,000

Cap Rate
7.81%
Gross SF
19,809
Rentable SF
19,809
Price/Gross SF
$282.70
Occupancy
77.00%
Year Built
2006
Lot Size
1.00 acres

Investment Overview

Marcus & Millichap is pleased to present to investors the Leasehold interest in the Ballad Health / VA Clinic On-Campus MOB, a 77% leased, 2-story, 21,154-square foot Medical Office Building (MOB) located at the Hawkins County Memorial Hospital (Ballad Health) in Rogersville (Kingsport-Bristol-Bristol MSA) Tennessee. Ballad Health Spine & Rehabilitation occupies the 10,572-square feet first-floor with a 5-year NNN lease executed in November 2019. Ballad Health, an integrated healthcare system serving 29 counties of Northeast Tennessee, Southwest Virginia, Northwest North Carolina and Southeast Kentucky, operates the adjacent Hawkins County Memorial Hospital, a 52-bed acute care hospital staffed by over 50 board certified physicians. The Rogersville VA Clinic occupies 4,750-square feet on the second floor with a 10-year (5-years firm) full-service lease executed in February 2019. The Rogersville VA clinic is part of the Mountain Home VA Healthcare System serving a 41-county area of Tennessee, Virginia, and Kentucky. There is upside potential to lease 4,487-square feet of vacant space on the second floor.

Investment Highlights

  • Adjacent to Hawkins County Memorial Hospital
  • 77% Occupancy
  • Built in 2006

Exclusively Listed By

Office Medical

Ballad Health / VA Clinic On-Campus MOb

Listing Price: $5,600,000

Cap Rate
7.81%
Gross SF
19,809
Rentable SF
19,809
Price/Gross SF
$282.70
Occupancy
77.00%
Year Built
2006
Lot Size
1.00 acres

Investment Highlights

  • Adjacent to Hawkins County Memorial Hospital
  • 77% Occupancy
  • Built in 2006

Investment Overview

Marcus & Millichap is pleased to present to investors the Leasehold interest in the Ballad Health / VA Clinic On-Campus MOB, a 77% leased, 2-story, 21,154-square foot Medical Office Building (MOB) located at the Hawkins County Memorial Hospital (Ballad Health) in Rogersville (Kingsport-Bristol-Bristol MSA) Tennessee. Ballad Health Spine & Rehabilitation occupies the 10,572-square feet first-floor with a 5-year NNN lease executed in November 2019. Ballad Health, an integrated healthcare system serving 29 counties of Northeast Tennessee, Southwest Virginia, Northwest North Carolina and Southeast Kentucky, operates the adjacent Hawkins County Memorial Hospital, a 52-bed acute care hospital staffed by over 50 board certified physicians. The Rogersville VA Clinic occupies 4,750-square feet on the second floor with a 10-year (5-years firm) full-service lease executed in February 2019. The Rogersville VA clinic is part of the Mountain Home VA Healthcare System serving a 41-county area of Tennessee, Virginia, and Kentucky. There is upside potential to lease 4,487-square feet of vacant space on the second floor.

Exclusively Listed By

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