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Memphis Medical Office Investment Opportunity

3430 Summer Ave, Memphis, TN

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For Sale

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Stand-alone medical building in East Memphis with long-term tenant.

Type:OFFICE

Property size:

8,735 SF

Lot size:

1.07 Acres

Price / SF:

$217/SF

HighLights

NNN Lease provides passive income with zero landlord responsibilities, backed by a 13‑unit operator.
5‑Year remaining lease term with 3% annual escalations, offering a hedge against inflation.
Located on a high‑traffic road (27,207 AADT) in East Memphis.
Tenant is Mental Health Cooperative, reporting $64,841,419 gross revenue in 2020 and continuing expansion.
Stand‑alone medical building containing 8,567 SF of medical office space.
Proximity to University of Memphis (2.2 miles), Overton Park, and the Medical District.

We can help!

Listing Contact

Ethan Offenbecher

For Sale

Contact for pricing

Stand-alone medical building in East Memphis with long-term tenant.

Type:OFFICE

Property size:

8,735 SF

Lot size:

1.07 Acres

Price / SF:

$217/SF

Added:: Apr 8, 2025
Days on Market:: 433
Last Refresh:: May 20 at 8:08 pm

Property Features for 3430 Summer Ave

General Information

Standard status: Active
Size: 8,735 SF
Lot size: 1.07 Acres
Property subtype: OFFICE

We can help!

Listing Contact

Ethan Offenbecher

Listing agent Ethan Offenbecher

Listing office Sands Investment Group (SIG) | Austin

Listing date Apr 8, 2025

Source Moodyscre

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 (SIG) | Austin

HighLights

NNN Lease provides passive income with zero landlord responsibilities, backed by a 13‑unit operator.
5‑Year remaining lease term with 3% annual escalations, offering a hedge against inflation.
Located on a high‑traffic road (27,207 AADT) in East Memphis.
Tenant is Mental Health Cooperative, reporting $64,841,419 gross revenue in 2020 and continuing expansion.
Stand‑alone medical building containing 8,567 SF of medical office space.
Proximity to University of Memphis (2.2 miles), Overton Park, and the Medical District.

Overview

This stand-alone medical building is located at 3430 Summer Avenue in East Memphis on a high-traffic road with an average annual daily traffic count of 27,207. The property contains 8,567 square feet of medical office space and is occupied by Mental Health Cooperative. The company reported a gross revenue of $64,841,419 in 2020 and is continuing its expansion with 13 locations across Tennessee and headquarters in Nashville. The property is under a NNN lease, providing passive income and zero landlord responsibilities. The lease has a 5-year remaining term with 3% escalations. Area retailers include Walgreens, Dollar General, Pizza Hut, AutoZone, Tops BBQ, a newly constructed Starbucks, Chick-Fil-A, and Chipotle. The property is located 2.2 miles north of the University of Memphis, 4 miles east of Overton Park, and 5.8 miles east of the Medical District. It is also located 9 miles from MEM Airport.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$209.6k	$24.00
− Vacancy	−$31.4k	−$3.60
EGI	$178.2k	$20.40
− OpEx	−$44.5k	−$5.10
NOI	$133.6k	$15.30

8,735 SF · lease $24.00/SF/yr · vacancy 15.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$1.91M

$1.67M – $2.23M (±1% cap)

NOI $133,646 @ 7.0% cap · market cap 7.03%

Second Best

Healthcare Medical

$1.81M

$1.58M – $2.11M (±1% cap)

NOI $126,602 @ 7.0% cap · market cap 6.66%

Theoretical Best

Office A

$2.58M

$2.26M – $3.01M (±1% cap)

NOI $180,710 @ 7.0% cap · market cap 9.51%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

DaVita Memphis Midtown ... Medical Clinic Mental Health Cooperative Medical Clinic

Suggested Use

Location Insight

Map
Local Demand

City: Memphis
County: Shelby
State: Tennessee
Longitude: -89.9469
Latitude: 35.1496

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What type of property is this?

Medical Office Space - Stand-alone medical building in East Memphis with long-term tenant.

Where is this medical office space located?

The property is located at 3430 Summer Ave Memphis, TN.

What is the asking price?

The asking price for this property is $1,900,000.

What are key features of this property?

This property features: NNN Lease provides passive income with zero landlord responsibilities, backed by a 13‑unit operator.; 5‑Year remaining lease term with 3% annual escalations, offering a hedge against inflation.; Located on a high‑traffic road (27,207 AADT) in East Memphis.

3430 Summer Ave, Memphis, TN

Stand-alone medical building in East Memphis with long-term tenant.

Property Features for 3430 Summer Ave

General Information

We can help!

HighLights

Overview

Local Financial Insights For Office B

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

High-Traffic Commercial Space in Memphis

Flex Industrial Building with Office

Memphis Commercial Property For Sale

East Memphis Multifamily Investment Opportunity

Versatile Commercial Property in Memphis

Mixed-Use Commercial Building in Memphis

Freestanding Retail Redevelopment Building

Gated Townhome Community in Memphis

19-Unit Multifamily Apartment Building

Memphis Commercial Property for Sale

Office Building in Medical District

Well-Maintained Duplex for Sale

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