Property Description
Income Tax Free State
Brand New Construction - Fresh 10-year lease recently commenced
Corporate Guarantee - Lease is corporately guaranteed by Mental Health Cooperative
Hedge Against Inflation - 2.00% annual rental increases within the initial term and extension options
Affluent Surrounding Incomes - $98,696 average household income within 1 mile of the property
Established Nonprofit Behavioral Healthcare provider - Mental Health Cooperative was founded in 1993 creating 30+ years of continuous operating history in Tennessee
Strong Service Footprint - MHC operates a 13-location platform across Middle, East, and West Tennessee, reducing single-facility dependency within the tenant's broader operations
Mission-Critical Service Line - Behavioral health/mental health services tends to exhibit non-discretionary demand characteristics
Offering Memorandum
Property Details
Property Type
Retail
Size
8,000
Net-Lease
NN+
Acres
1.00
Property Location
Cookeville, TN, USA
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