318 S Rhodes St West Memphis, AR 72301

This is an opportunity to acquire a fully-occupied medical portfolio consisting of five buildings, encompassing seven suites, situated in West Memphis, AR, within the Memphis, TN MSA, approximately eight miles from downtown Memphis. The location benefits from significant economic momentum, demonstrated by recent and planned government and corporate investments, including a $4B Google data center, and planned openings or expansions by Starbucks, Buc-ee's and Coca-Cola. The portfolio has a history of strong occupancy and is currently 100% occupied by established tenants. Two of the leases include rent escalations, and there is an opportunity to increase returns upon lease renewal by raising rental rates for several of the leases and renegotiating owner responsibility for OPEX. Over $120,000 in recent owner and tenant improvements have enhanced the portfolio’s long-term value and reflect the tenants’ commitment to continued operations in the area. The portfolio package includes properties located at 302 S Rhodes, 304 S Rhodes, 308 S Rhodes, 318 S Rhodes and 316 W Tyler. The property is zoned commercial and has a total size of 19663 square feet.