County-Guaranteed Community Services
For Sale
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1188 Minna Pl, Memphis, TN 38104
13,456 SF Shelby County Community Services facility is fully occupied under a lease backed by a full county guarantee.
Property Size13,456 SF
Price / SF$148.63
Days on Market195
Property Features for 1188 Minna Pl
General Information
Standard status
Active
Size
13,456 SF
Property subtype
Office
Occupancy
100%
Lease Type
Gross
Investment Type
Net Lease
Net Operating Income
$196,199
Site & Location
Neighborhood
Midtown Memphis Development Corp.
Building Details
Year Built
1969
Year Renovated
2020
Tenancy
Single
Listing Agency:
Sands Investment Group Austin - Offenbecher
Listed By:
Ethan Offenbecher · License #642658
Source:
Crexi
Added: Apr 13
Changed: Oct 7
Last Checked: Oct 23 at 6:22AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sands Investment Group Austin - Offenbecher
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Investment Insights
Based on property information with market context.
Sands Investment Group is pleased to offer for sale the Shelby County Community Services facility, a 13,456 SF office building located at 1188 Minna Pl. The property is 100% occupied by Shelby County Government (Shelby County Community Services) under a lease backed by a full county guarantee.
The lease includes 2% annual rent escalations, providing for growing income over time. The subject property is presented for sale as an occupied, government-tenant asset with the protections of a full county guarantee.
The offering provides investors with a stabilized income stream through an existing lease in place with annual rent increases.
The lease includes 2% annual rent escalations, providing for growing income over time. The subject property is presented for sale as an occupied, government-tenant asset with the protections of a full county guarantee.
The offering provides investors with a stabilized income stream through an existing lease in place with annual rent increases.
Key Highlights
- 13,456 SF Shelby County Community Services facility at 1188 Minna Pl, Memphis, TN
- 100% occupied by Shelby County Government (Shelby County Community Services)
- Tenant lease backed by a full county guarantee
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,425
Businesses Nearby
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Business Placement
Demographics for 38104, TN
22,584
Population
14,315
Households
1.6
Avg Household Size
38
Median Age
52%
College-Educated
93%
High-School Grad
5.0 sq mi
ZIP Area
4,517
Density / Sq Mi
$56,452
Median Household Income
$48,300
Median Earnings
$1,073
Median Rent
$301,100
Median Home Value
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Market
Vacancy Rate% for Office in Memphis, TN
Frequently Asked Questions
What type of property is this?
Office building - 13,456 SF Shelby County Community Services facility is fully occupied under a lease backed by a full county guarantee.
Where is this office building located?
The property is located at 1188 Minna Pl Memphis, TN.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 13,456 SF Shelby County Community Services facility at 1188 Minna Pl, Memphis, TN; 100% occupied by Shelby County Government (Shelby County Community Services); Tenant lease backed by a full county guarantee
