Mental Health Cooperative - NNN - Memphis, TN
8.00% CAP - NNN Medical Office | 12-Unit Operator | 3% Annual Increases | Memphis, TN
Marketing description
Sands Investment Group is pleased to offer for sale Mental Health Cooperative, located at 3430 Summer Ave, 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. Mental Health Cooperative has 12 locations across Tennessee, with its headquarters residing in Nashville.
Investment highlights
4.5 years remaining on the lease term with 3% escalations, offering a hedge against inflation.
Tenant has substantial costs in their buildout for the space.
Triple Net (NNN) Lease provides the landlord with passive income and zero landlord responsibilities backed by a 12-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 VPD.
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 the MEM Airport, providing easy access for an out-of-town investor.
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