Listed by Gill Properties Memphis
$439,000
Murray Lane Office Village - 6236 Poplar Ave.
Details
Property Type Office
Sub Type Executive Office
Square Footage 1,000
NOI $28,227
Tenancy Single
Brand/Tenant Divine Connections Therapeutic and Wellness Center
Lease Type NNN
Lease Term 3
Lease Expiration 05/31/2028
Rent Bumps Yes
Lease Options No option to extend
Acreage 0.060
Zoning OG- Commercial
Parking Spaces 8 spaces
Parking Per SqFt 8.00
Investment Type Value Add
Lease Commencement 05/31/2025
6236 Poplar Avenue, Memphis, TN 38119
Marketing description
Perfect for small businesses or professionals seeking a private, standalone office! This charming space offers convenience and privacy with its own entrance and parking. Ideal for an attorney, consultant, or creative workspace, it provides a functional layout with room for desks, meetings, or storage. Conveniently located in East Memphis, this office ensures easy access for both clients and employees. Don't miss this affordable opportunity for your business.
Investment highlights
- Size: 1,000+/- SF | Freestanding Building
- Parking: 8 Surface Spaces
- Lot Size: .06 AC | 2,614 SF
- Zoned: OG- Commercial
- 3 Minutes to I-240 Poplar Exit
- Home Security System
- 3 Offices
- Single Bathroom
- Built in Desk Area
- Below market rents!
Listing Contacts
Listed by Gill Properties Memphis
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$28,227.00
$2,352.25/mo
Valuation Metrics
0
DSCR
6.43%
Cap Rate
6.43%
ROI
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