Commercial Real Estate in Westmoreland available for sale
Westmoreland 1031 Exchange Properties For Sale

1031 Exchange Properties for Sale within 50 kilometers of Westmoreland, TN, USA

More details for 421 N Broadway, Portland, TN - Office for Sale

421 N Broadway

Portland, TN 37148

  • 1031 Exchange Property
  • Office for Sale
  • $1,670,040 CAD
  • 5,000 SF
  • Air Conditioning
  • Reception
  • Wheelchair Accessible

Portland Office for Sale - Rivergate/Hendersonville

421 N Broadway offers a rare opportunity to acquire a fully stabilized, income-producing medical investment in the heart of Portland, Tennessee—one of Middle Tennessee’s fastest-growing communities. The ±0.82-acre parcel includes a ±5,000 SF medical office building and a ±938 SF tenant-occupied residential home, delivering diversified income across three tenants and two asset types. At closing, the property will be secured by a new 5-year NNN leaseback with Firefly Health ($5,000/month) through December 31st, 2031, and an existing lease with NuLife Physical Therapy ($1,700/month MG) through September 30, 2029, alongside a residential lease at $1,000/month. Combined, the asset generates $92,400 in annual rental income with an NOI of approximately $80,900, supporting a strong 6.7% cap rate with minimal landlord obligations. Investment strategy: There is an assumable loan on this property of around $570,000 amortized over 20 years at a 6% interest rate, with a 10 year balloon and around 8.5 years remaining. With just over 50% down, one can assume the note and purchase the property with no bank involvement. Originally built in 1948 and updated for modern healthcare operations, the medical office is well-maintained with established tenancy and immediate in-place cash flow. The property is located just 45 minutes north of Nashville in rapidly growing Sumner County, an area experiencing sustained demand for both healthcare and housing. This is an ideal investment for buyers seeking durable medical tenancy, minimal management, and long-term upside in a high-growth Middle Tennessee market.

Contact:

Compass

Property Subtype:

Medical

Date on Market:

2025-06-23

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More details for Broadway Ave, Bowling Green, Kentucky – for Sale, Bowling Green, KY

Broadway Ave, Bowling Green, Kentucky

  • 1031 Exchange Property
  • Mixed Types for Sale
  • $3,061,740 CAD
  • 4 Properties | Mixed Types
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More details for Louisville Hwy, Goodlettsville, TN - Land for Sale

Louisville Hwy

Goodlettsville, TN 37072

  • 1031 Exchange Property
  • Land for Sale
  • $1,809,210 CAD
  • 6.50 AC Lot
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More details for 6309 Russellville Rd, Bowling Green, KY - Land for Sale

Sterling Business Park - 6309 Russellville Rd

Bowling Green, KY 42101

  • 1031 Exchange Property
  • Land for Sale
  • $776,569 - $9,989,623 CAD
  • 1 - 19.69 AC Lots
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More details for 803 Highway 76, White House, TN - Retail for Sale

Chipotle - White House, TN - 803 Highway 76

White House, TN 37188

  • 1031 Exchange Property
  • Retail for Sale
  • $5,872,974 CAD
  • 3,010 SF
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1031 Exchange Properties For Sale

1031 Exchange Properties

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