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US Renal Care 367 Interstate Dr 5,700 SF Office Building Manchester, TN 37355 $3,191,073 CAD ($559.84 CAD/SF) 7% Cap Rate

INVESTMENT HIGHLIGHTS
- The tenant’s commitment through a new 7-year term underscores the facility’s mission critical importance and ensures durable cash flow
- The recently installed roof significantly reduces the likelihood of near-term capital expenditure, minimizing potential landlord expense exposure.
- The subject property benefits from immediate proximity to Unity Medical Center, a general acute care hospital located less than a quarter mile away
EXECUTIVE SUMMARY
Peranich Huffman Net Lease Group is pleased to offer the exclusive opportunity to acquire US Renal Care, located at 367 Interstate Drive, Manchester, TN. The ±5,700 SF dialysis facility sits on a 0.9-acre parcel along Interstate Drive, a professional business street with complementary healthcare and service providers. The site benefits from immediate access to Interstate 24 and U.S. Route 41, positioning it strategically between Nashville and Chattanooga and ensuring a consistent patient base within Coffee County.
The property is leased to US Renal Care under a net lease with 7.3 years remaining and two (2) five-year renewal options at Fair Market Value. Under the lease, US Renal Care covers occupancy-related expenses, while the Landlord remains responsible for structural components, exterior systems, outside utilities, and HVAC, with the Tenant’s exposure to HVAC and roof repairs capped at $7,500 per incident (the “Maintenance Cap”).
Founded in 2000, US Renal Care has grown into one of the nation’s largest dialysis providers 10,000+ employees operating 500+ clinics and serving 37,000+ patients across 32 states, Guam, and Saudi Arabia. The company’s scale, essential healthcare services, and entrenched patient demand reinforce tenancy stability and income durability, making this property a compelling investment opportunity in the Manchester market.
The property is leased to US Renal Care under a net lease with 7.3 years remaining and two (2) five-year renewal options at Fair Market Value. Under the lease, US Renal Care covers occupancy-related expenses, while the Landlord remains responsible for structural components, exterior systems, outside utilities, and HVAC, with the Tenant’s exposure to HVAC and roof repairs capped at $7,500 per incident (the “Maintenance Cap”).
Founded in 2000, US Renal Care has grown into one of the nation’s largest dialysis providers 10,000+ employees operating 500+ clinics and serving 37,000+ patients across 32 states, Guam, and Saudi Arabia. The company’s scale, essential healthcare services, and entrenched patient demand reinforce tenancy stability and income durability, making this property a compelling investment opportunity in the Manchester market.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
5,700 SF
Building Class
C
Year Built/Renovated
2017/2025
Price
$3,191,073 CAD
Price Per SF
$559.84 CAD
Cap Rate
7%
NOI
$223,375 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
5,700 SF
Building FAR
0.14
Lot Size
0.91 AC
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PROPERTY TAXES
| Parcel Number | 067-096.05 | Improvements Assessment | $438,040 CAD |
| Land Assessment | $39,197 CAD | Total Assessment | $477,237 CAD |
PROPERTY TAXES
Parcel Number
067-096.05
Land Assessment
$39,197 CAD
Improvements Assessment
$438,040 CAD
Total Assessment
$477,237 CAD
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US Renal Care | 367 Interstate Dr
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