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Medical Office Space with Absolute NNN Lease
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168 US-72, Collierville, TN 38017

Veterinary clinic leased to a national operator under an absolute NNN structure.

Property SizeContact for details
Days on Market145

Property Features for 168 US-72

General Information

Standard status Active
Property subtype Office

Additional Details

Cap Rate 5.75%

Building Details

Tenancy Single
Listing Agency: Matthews
Listed By: Andrew Evans · License #CA - 0255475
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 30 at 12:58PM

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 Matthews

Investment Insights

Based on property information with market context.

This medical office property operates as a veterinary clinic occupied by Destination Pet, a national operator. The asset is offered with an absolute NNN lease and reflects a 5.75% cap rate.

Located at 168 US-72 in Collierville, Tennessee, the property has more than 13 years associated with the current lease term. The listing identifies the property as being in a tax-free state.

Key Highlights

  • Veterinary clinic occupied by Destination Pet
  • Absolute NNN lease structure
  • 5.75% cap rate

Property Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Pharmacy Dental Office Auto Parts Store Grocery & Convenience Store (Bike/Boat/Book/etc) Store Home Appliance Store

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

Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

333
Businesses Nearby
Well-served
Demand for This Use

Demographics for 38017, TN

55,114
Population
20,850
Households
2.6
Avg Household Size
41
Median Age
60%
College-Educated
96%
High-School Grad
82.0 sq mi
ZIP Area
672
Density / Sq Mi
$135,946
Median Household Income
$70,857
Median Earnings
$1,489
Median Rent
$469,600
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Similar Off Market Nearby

  • Bowling Animal Clinic 672 Commerce Pkwy, Collierville, TN 38017
  • Collierville Animal Clinic 474 US-72, Collierville, TN 38017
  • Collierville Animal Clinic: Horn J B DVM 474 US-72, Collierville, TN 38017
  • Kingsley S M DVM 474 US-72, Collierville, TN 38017, United States

Frequently Asked Questions

What type of property is this?
Medical Office Space - Veterinary clinic leased to a national operator under an absolute NNN structure.
Where is this medical office space located?
The property is located at 168 US-72 Collierville, TN.
What are key features of this property?
This property features: Veterinary clinic occupied by Destination Pet; Absolute NNN lease structure; 5.75% cap rate
More about this property
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