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1524 Sparta St, McMinnville, TN, 37110

U.S. Renal Care
$2,619,420

Key Information

Cap Rate
7.25%
Tot. SF
7,079
Lot Size
1.45 Acres
Year Built
2006
Term Remaining
±5 YRS
Type
Healthcare

Highlights

  • Strong Corporate Guaranty – U.S. Renal Care is one of the nation’s leading providers of dialysis services, serving over 35,000 patients across +500 clinics in 32 states
  • Net Lease Structure – The lease provides for a passive, Landlord-friendly expense structure with landlord responsibilities limited to roof and structure.
  • “Essential Business” Investment – This offering provides an investor with the opportunity to acquire a property containing leading global medical tenant with an outstanding business model. Unlike tenants outside of the healthcare sector who are challenged to maintain cash flow, dialysis practices are not impacted by external disruptions.
  • Proven Location – The subject property has operated continuously as a dialysis center since 2005, demonstrating long-term stability and sustained patient demand, having recently extended the lease for another 10 years back in 2020.
  • Close Hospital Proximity – The clinic is located directly across from Ascension Saint Thomas River Park Hospital, a full-service facility recognized as a five-star hospital by the Centers for Medicare & Medicaid Services (CMS). Ascension is one of the nation’s largest healthcare systems, operating 49 hospitals and more than 350 care sites across the country.
  • Income Tax Free State – Tennessee is one of the nine states in the US that does not impose an income tax, offering investors the opportunity for additional cash flow.
  • Strong Performer – This clinic operates 16 chairs, 6 days/week ranging from 5AM–12PM, offering a range of comprehensive services including both in-center and home dialysis services, reflecting the clinic’s strong patient demand.

Photos

Location

Agents

Broker of Record

Hutt Cooke

License # 356505 (TN)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203