Family Resource Agency Cleveland, Tennessee

Status Under Contract
Location 3680 Michigan Avenue Road NE, Cleveland, TN 37323
Captialilzation Rate 7.69%
Building Size 12,496 Square Feet
Lot Size 2.32 Acres
Lease Type Double Net
Term Remaining 8.6 Years
Price $ 1300000
  • Over Eight Years of Lease Term Remaining
  • Family Resource Agency, Inc. is a Nonprofit Organization Specializing in Early Education and Childhood Development
  • Tenant Receives Significant Support from the State of Tennessee, State of Georgia, and the United States Department of Health and Human Services
  • Strong Population Growth of Over 10% Since 2010
  • No State Income Tax in Tennessee
  • Wacker Chemical AG (German Solar Company) has Invested Over $2.5 Billion into their Bradley County Polysilicon Manufacturing Facility

Doherty Houston Industrial Group is pleased to present this Family Resource Agency, Inc. property located in Cleveland, Tennessee. The subject property is a 12,496-square-foot facility sitting on 2.32 acres located on Michigan Avenue Road Northeast. Family Resource Agency, Inc. has occupied this building since 2003, and there are approximately eight and one-half years remaining on the lease.

Family Resource Agency, Inc. is a nonprofit organization in Cleveland, Tennessee which assesses the needs of its families a minimum of three times per year in the following categories: housing, safety, health, transportation, financial security, child development/parenting, family education at home, education/training and life goals, transitions, families and communities, and leadership/advocacy.

Cleveland is the county seat and largest city in Bradley County, and the principal city of the Cleveland, Tennessee metropolitan area. The Cleveland/Bradley County area is home to 13 Fortune 500 companies with a workforce that manifests a strong work ethic. From Hardwick Clothes, America’s oldest tailor-made clothing maker, to Duracell, sole producer of C-cell and D-cell batteries for the Duracell brand, Cleveland is replete with industries that may not have just existed but thrived in the community for decades. Others widely recognized include Mars Chocolate North America, Whirlpool Corporation, Lonza (formerly Arch Chemicals, Olin Corporation, and Bayer (formerly Merck). Newer members of the existing industry base include Whacker Polysilicon, the world’s second-largest producer of polysilicon, Amazon, and Eastern Lighting Distribution Center, a distribution warehouse for GE Consumer & Industrials lighting unit.

Agent : Patrick Doherty

  • 512-338-7855
  • patrick.doherty@marcusmillichap.com
License: TX-622300
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