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3430 Summer Ave
Memphis, TN 38122 Berclair

Price Upon Request

Medical For Sale  •  8,735 SF

Property Details

  • Property Type Medical
  • Total Building Size 8,735 SF
  • Lot Size 0.85 AC
  • Building Class C
  • Year Built 1968
  • Tenancy Single
  • Zoning CMU-3
32 Transit Score
63 Walk Score

Highlights

5-Year Remaining Lease Term With 3% Escalations, Offering a Hedge Against Inflation
NNN Lease Provides Landlord With Passive Income and Zero Landlord Responsibilities Backed By a 13 Unit Operator
Area Retailers Include Walgreens, Dollar General, Pizza Hut, AutoZone, Tops BBQ, Newly Constructed Starbucks, Chick-Fil-A and Chipotle
Strong Traffic Counts of Over 26,000 Vehicles Per Day
2.2-Miles North of University of Memphis
4-Miles East of Overton Park and 5.8 Miles East of the Medical District

Major Tenants

Tenant SF Occupied Lease End Date
Mental Health Cooperative 8,735 SF 12/31/2029

Amenities

  • Bus Line
  • Signage

Public Transportation

Commuter RailDriveWalkDistance
Central Station (Riverfront Loop - Memphis Area Transit Authority Trolley (MataTrolley)) 15 min - 7.9 mi
AirportDriveWalkDistance
Memphis International 17 min - 9.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 35
Type: Surface
Included in Rent: Yes