100 N Humphreys Blvd, Memphis, TN 38120

CBRE is pleased to present to qualified investors Le Bonheur Children’s Hospital Outpatient Center (the “Property” or “Le Bonheur Outpatient Center”), a Class A two-story medical office facility located at 100 N Humphreys Boulevard in the thriving East Memphis submarket of Memphis, Tennessee. Containing approximately 52,359 square feet, the Property is 100% leased to Methodist Healthcare-Hospitals Memphis, which encompasses five (5) hospitals (four adult and the only regional tertiary care pediatric hospital) and an approximate 1,600 beds within the Methodist Le Bonheur Healthcare System (S&P: A-).

The building was developed and constructed by Boyle Investment Company in 2001 as West Clinic Cancer Center headquarters. In 2012 Methodist Healthcare partnered with West Clinic and continued to operate as a cancer clinic until West Cancer Center relocated to a larger facility. In 2016, Methodist invested approximately $27M to convert the building to its existing form as a pediatric outpatient center offering radiology and diagnostic testing, as well as rehabilitative services including occupational therapy, physical therapy, and speech and language therapy. They are currently operating under a long-term lease with approximately ten (10) years remaining and 2.5% annual rent increases. Boyle Investment Company has managed the building since construction in 2001.