3657 Old Getwell Road
Industrial | 6.05% CAP | 34,045 SqFt
Marketing description
3657 Old Getwell Road presents a rare opportunity to acquire a 34,045 square foot mission-critical industrial/flex facility in Memphis' highly sought-after Southeast submarket. The property is fully leased to the City of Memphis and serves as a centralized operations hub for a multi-agency law enforcement task force that includes MPD, FBI, ATF, U.S. Marshals, and the Shelby County Sheriff's Office. Situated on 4.105 acres in the heart of one of the nation's most important logistics corridors, the asset offers exceptional connectivity to major transportation infrastructure, including I-240, I-55, I-40, and Memphis International Airport. The facility comprises a 26,425 SF main building and a 7,620 SF ancillary structure, featuring a functional mix of office and warehouse space, dock-high loading, drive-in access, and significant secured outdoor storage. With over $2.4 million in recently completed capital improvements, including a new roof in 2024 and extensive interior and exterior renovations, the property is well-positioned for long term durability with minimal near-term capital needs.
For more information, contact KC Dorame: (305) 797-9079
Investment highlights
Mission Critical Government Operations Hub — Serves as a centralized operational base for multiple law enforcement agencies, including MPD, FBI, ATF, U.S. Marshals, and the Shelby County Sheriff's Office, making the asset essential and irreplaceable to ongoing local and federal operations.
Credit Tenant — Backed by the City of Memphis, the property is secured under a 10 year lease with approximately three years of remaining term, providing stable and predictable cash flow.
Significant Recent Capital Improvements — Over $2.6 million invested, including a new $300,000 Duro Last PVC roof (2024) and $1.8M+ in interior/exterior renovations (2018 to 2019), plus $500K in site, parking, and security upgrades.
High Tenant Retention with Specialized Buildout — Extensive custom improvements, security infrastructure, and operational requirements create extremely high tenant stickiness with no viable relocation alternatives.
Valuable Industrial Outdoor Storage and Redevelopment Potential — Situated on 4.105 acres within a premier Southeast Memphis industrial submarket, offering long-term flexibility for industrial distribution, manufacturing, or IOS repositioning.
Strategic Location with Exceptional Connectivity — Immediate access to I-240, I-40, I-55, and U.S. Highway 78, with close proximity to Memphis International Airport and major logistics hubs including FedEx and UPS.
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