1680 Bonnie Lane, Cordova, TN, 38016
Cordova Family Dental
Key Information
Highlights
• Hands-Off Property Ownership: Operating under an Absolute NNN lease with no landlord obligations, requiring the tenant to pay for all upkeep, replacements, taxes, and insurance.
• Long-Term Lease Security: Features 14 years of remaining lease term, ensuring strong long-term cash flow security.
• Hedge Against Inflation: Features attractive 2% annual rent increases to continually enhance investor yield over time.
• Strong Cash Flow Asset: Delivers a significant current Net Operating Income (NOI) of $164,016.
• Future Extension Options: Offers two (2) 5-year renewal options beyond the primary term expiration in 2040.
• Family-Centric Suburban Market: Positioned in Cordova, an established, tree-lined residential and retail hub experiencing steady suburban growth.
• Established Local Demographics: Benefits from a highly concentrated community boasting a Median Household Income of $82,500 within a 1-mile radius.
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