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3430 Summer Avenue, Memphis, TN , 38122
  • Size SF 8,735
  • Built/Renov1968
  • Price/SF$232
  • Lease Start10-25-2022
  • Rent/SF$16.11
  • Lease Type Abs NNN
  • Lot/AC0.85
  • Pop 5MI237,681

2,024,000

  • Cap Rate 6.95%
  • NOI $140,741
  • R. Term/Yrs 5.0
  • Guarantor Corporate
  • # Units 13
  • Near major nationals

  • Strategically located

  • Highway location

  • Top 100 MSA

  • Strong demographics

  • Income tax free state

  • Absolute NNN

  • Annual rent increases

  • Corporate Guarantee

  • ...
  • 5 year lease with 1 (5-year) renewal option
  • The lease features rental increases of 3% annually
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease
  • Tenant Mental Health Cooperative
  • Guarantor Corporate
  • #Units 13
  • Stock Private

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 individuals requiring frequent inpatient psychiatric hospitalization. MHC began by merging three community organizations—Urban Case Management of Meharry Community Health Center, Continuous Treatment Team of Council of Community Services, and Mobile Crisis Team of the Crisis Intervention Center—to provide comprehensive mental health support. Since its founding, MHC has passionately worked to help adults with severe mental illness live quality lives within the community through state-of-the-art treatment and support. In 1999, MHC expanded to include services for children and youth, addressing the mental health needs of entire families. Now operating 13 locations across Tennessee, MHC is headquartered in Nashville, employs over 900 staff, and reported an annual revenue of approximately $83.1 million in 2023. MHC emphasizes a person-centered, recovery-oriented approach that empowers clients to take an active role in their treatment, reinforcing its commitment to compassionate care and innovative mental health solutions.

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