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| Price $2,024,000 | Built/Renov 1968 | Tenant Mental Health Cooperative |
| Cap Rate 6.95% | Lease Type
Abs NNN | Guarantor Corporate |
| Size/SF
8,735
| Lease Start
10-25-2022
| #Units
13
|
| Price/SF $231.71 | Expiration
12-31-2029
| Tenant Type Medical/Health |
| NOI $140,741 | R. Term 5.1 | Ownership Fee Simple |
| Rent/SF
$16.11
| Increases 3.0%/1/yrs | Pop 5Mi 237,681 |
| Lot/AC 0.85 | Options 1/5yrs/3% | AHHI 5Mi $68,687 |
| | |
Mental Health Cooperative, located at 3430 Summer Avenue, is a stand-alone medical building in East Memphis situated on a high-traffic road with a daily traffic count of 27,207 vehicles. This 8,567-square-foot medical office building sits on a 0.85-acre lot and features an electronically gated private parking lot. Nearby retailers include Walgreens, Dollar General, Pizza Hut, AutoZone, Tops...
...Near major nationals
Strategically located
Highway location
Top 100 MSA
Strong demographics
Income tax free state
Absolute NNN
Annual rent increases
Corporate Guarantee
Mental Health Cooperative (MHC) is a private, nonprofit organization that was founded in 1993 in Nashville, Tennessee, in response to the need for assertive, community-based treatment for...
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
