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3430 Summer Ave
Memphis, TN 38122

$2,024,000 USD

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
• Cap Rate 6.95 %
• Tenancy Single
• Zoning CMU-3

32 Transit Score

57 Walk Score

Highlights

5-Year Lease With 3% Escalations Every Year, Offering a Hedge Against Inflation

National Credit Medical Tenant Provides LL With Passive Income

Area Retailers Include Walgreens, Dollar General, Pizza Hut, AutoZone, Tops BBQ, Newly Constructed Starbucks, Chick-Fil-A and Chipotle

Freestanding Building With Electronically Gated Private Parking

2.2-Miles North of University of Memphis

4-Miles East of Overton Park and 5.8 Miles East of the Medical District

Cap Rate:

6.95 %

Major Tenants

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

Amenities

• Bus Line
• Signage

Public Transportation

Commuter Rail	Drive	Walk	Distance
Central Station (Riverfront Loop - Memphis Area Transit Authority Trolley (MataTrolley))	14 min	-	8.0 mi
Airport	Drive	Walk	Distance
Memphis International	16 min	-	9.9 mi

Parking Details

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