HIGHLIGHTS
- 5-Year Remaining Lease Term With 3% Escalations, Offering a Hedge Against Inflation
- NNN Lease Provides Landlord With Passive Income and Zero Landlord Responsibilities Backed By a 13 Unit Operator
- Area Retailers Include Walgreens, Dollar General, Pizza Hut, AutoZone, Tops BBQ, Newly Constructed Starbucks, Chick-Fil-A and Chipotle
- Strong Traffic Counts of Over 26,000 Vehicles Per Day
- 2.2-Miles North of University of Memphis
- 4-Miles East of Overton Park and 5.8 Miles East of the Medical District
OVERVIEW
Sands Investment Group is Pleased to Offer For Sale Mental Health Cooperative Located at 3430 Summer Avenue, a Stand-Alone Medical Building Located in East Memphis on a High Traffic Road (27,207 AADT). The Building Contains 8,567 SF of Medical Office Space Occupied By Mental Health Cooperative. The Company Reported a Gross Revenue of $64,841,419 in 2020 and is Continuing Its Expansion. There Are 13 Locations Across Tennessee With Their Headquarters Residing in Nashville.
In Cooperation With Sands Investment Group Tennessee, LLC - Lic. #263973 BoR: Tom Gorman - Lic. TN #370394
FOR SALE DETAILS
PRICE
$1,900,000 USD
PRICE/SF
$218 USD /SF
CAP RATE
7.41%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Mental Health Cooperative - NNN - Memphis, TN
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
ADD'L SUBTYPES
Drug Store, Loft/Creative Space, Office/Residential
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
C
YEAR BUILT
1968
SPRINKLERS
-
PARKING SPACES
35
LAND DETAILS
LAND ACRES
0.85 AC
LAND SF
37,026 SF
ZONING
CMU-3
APN/PARCEL ID
03-8037-0-0025C
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