4913 Raleigh Common Dr - Medical FOR SALE


Memphis, TN 38128- Raleigh
$2,575,000 USD
813-210-7741
4913 Raleigh Common Dr, Memphis, TN for Sale
$2,575,000 USD
Medical - FOR SALE
1/5
null | 9.02% Cap Rate

4913 Raleigh Common Dr
Memphis, TN 38128
Raleigh


HIGHLIGHTS

  • PRIME LOCATION: Located on Austin Peay Hwy. which has traffic counts of over 24,000 VPD
  • NATIONAL & LOCAL TENANTS: Anchor Tenant DaVita Dialysis has Lease Term Exceeding 7 Years. Local Tenants Have Short Term and Below Market Rent
  • STRONG HISTORICAL OCCUPANCY: DaVita has Occupied for 25 Years; Local Tenants Have Occupied for Combined 15+ Years
  • PROXIMITY to HOSPITAL and MAJOR RETAILERS: Less than 1 Mile From Methodist North Hospital and across the street from Walmart/Kroger anchored center
  • PRICED BELOW REPLACEMENT COST: $140.73 is well below replacement cost.
  • MARKET DEMOGRAPHICS: 140,000+ People Within a 5-Mile Radius

OVERVIEW

? DaVita has occupied for 25 Years and signed 10-year extension in 2022. ? Automatic Appreciation Through Rent Growth ? DaVita annual rental amount increases by $17,168 in November of 2026. ? Priced Significantly Below Replacement Cost ? $140.73 PPSF creates barrier to entry for new construction limiting competition from entering the market. ? Proximity to Hospital and Traffic Drivers ? Less than 1 Mile From Methodist North Hospital and adjacent to Walmart/Kroger anchored center. ? Prime Location with Visibility on Austin Peay HWY ? 24,000+ Vehicles per day. ? 140,000+ Population in 5-Mile Radius. ? New City Funded Development 1.05 Miles Away ? $45 Million dollar multiplex project recently completed.

FOR SALE DETAILS

PRICE

$2,575,000 USD

PRICE/SF

$141 USD /SF

CAP RATE

9.02%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Multi-Tenant DaVita Anchored MOB

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

70

LAND DETAILS

LAND ACRES

2.83 AC

LAND SF

123,275 SF

ZONING

Commercial

APN/PARCEL ID

D0-147-0-0518C

ASK ABOUT THIS PROPERTY

Christopher BiusoMarcus & MillichapMore Info
813-210-7741

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Christopher BiusoMarcus & MillichapMore Info
813-210-7741

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.