Property History
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.
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
Property is Located 9-Miles From MEM Airport, Providing Easy Access For an Out-of-Town Investor
Loan History
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