Mental Health Cooperative - NNN - Memphis, TN | 3430 Summer Ave
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Mental Health Cooperative - NNN - Memphis, TN 3430 Summer Ave
8,735 SF Office Building Memphis, TN 38122 £1,596,936 (£183/SF) 6.95% Net Initial Yield
Investment Highlights
- 5-Year Lease With 3% Escalations Every Year, Offering a Hedge Against Inflation
- Area Retailers Include Walgreens, Dollar General, Pizza Hut, AutoZone, Tops BBQ, Newly Constructed Starbucks, Chick-Fil-A and Chipotle
- 2.2-Miles North of University of Memphis
- National Credit Medical Tenant Provides LL With Passive Income
- Freestanding Building With Electronically Gated Private Parking
- 4-Miles East of Overton Park and 5.8 Miles East of the Medical District
Executive Summary
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
In Cooperation With Sands Investment Group Tennessee, LLC - Lic. #263973 BoR: Tom Gorman - Lic. TN #370394
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Building Size
8,735 SF
Building Class
C
Year Built/Renovated
1968/2009
Price
£1,596,936
Price Per SF
£183
Net Initial Yield
6.95%
NOI
£111,045
Tenancy
Single
Number of Floors
1
Typical Floor Size
8,735 SF
Building FAR
0.24
Land Acres
0.85 AC
Zoning
CMU-3 - Commercial services zoning
Parking
35 Spaces (4.01 Spaces per 1,000 SF Leased)
Amenities
- Bus Route
- Signage
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Mental Health Cooperative
- Health Care and Social Assistance
- 8,735 SF
- £12.71
- Triple Net
- Dec 2029
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Mental Health Cooperative | Health Care and Social Assistance | 8,735 SF | £12.71 | Triple Net | Dec 2029 |
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PROPERTY TAXES
| Parcel Number | 03-8037-0-0025C | Improvements Assessment | £145,176 |
| Land Assessment | £47,971 | Total Assessment | £193,147 |
PROPERTY TAXES
Parcel Number
03-8037-0-0025C
Land Assessment
£47,971
Improvements Assessment
£145,176
Total Assessment
£193,147
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Ethan Offenbecher -
Baker Baine -
Thomas Gorman -
Sands Investment Group Austin, LLC
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Mental Health Cooperative - NNN - Memphis, TN | 3430 Summer Ave
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