Listing Agency: Boyle Investment Company Show Phone

Listed By: Kathy Pampuro Show Phone

Source: Moodyscre

Added: Sep 11, 2024 Changed: Jul 6 Last Checked: Jul 21 at 6:44AM

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Investment Insights

Based on property information with market context.

This 132,500-square-foot Class A office building is situated in the East Memphis business district along the Poplar corridor. The property offers amenities including a fitness center, a food court, and a security system. The property size is 1,375 square feet.

Key Highlights

• Class A office building.
• Located in the heart of the East Memphis business district.
• 132,500‑square‑foot building.

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Building Supply Auto Repair Shop Big Box & Wholesale Store Auto Parts Store Kitchen & Bath Showroom HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

3,021

Businesses Nearby

Explore this area Business Placement

Demographics for 38138, TN

25,837

Population

10,747

Households

2.4

Avg Household Size

45

Median Age

69%

College-Educated

98%

High-School Grad

11.9 sq mi

ZIP Area

2,171

Density / Sq Mi

$130,125

Median Household Income

$72,810

Median Earnings

$1,716

Median Rent

$393,600

Median Home Value

Market

Lease Benchmarks for Memphis, TN

$16.98 /SF/Yr

Avg Asking Price

$0.7–$24 /SF/Yr

Price Range

26,191 SF

Avg Space Size

Vacancy Rate% for Office in Memphis, TN

14.6% 2019

15% 2020

16.8% 2021

16.2% 2022

17.3% 2023

16.7% 2024

17.6% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Class A office building in the East Memphis business district.

Where is this office building located?

The property is located at 6000 US-72 Memphis, TN.

What are key features of this property?

This property features: Class A office building.; Located in the heart of the East Memphis business district.; 132,500‑square‑foot building.