Medical NNN
For Sale
Contact for pricing
3023 Centre Oak Way, Germantown, TN 38138
Built in 2007 for a medical tenancy with a 10-year absolute NNN lease and 2% annual increases.
Property SizeContact for details
Days on Market144
Property Features for 3023 Centre Oak Way
General Information
Standard status
Active
Property subtype
Office
Building Details
Year Built
2007
Listing Agency:
Randall Commercial Group, LLC
Listed By:
Port Campany · License #MS 23097
(901) 674-2761
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 30 at 5:50AM
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 Randall Commercial Group, LLC
Investment Insights
Based on property information with market context.
This medical property at 3023 Centre Oak Way was constructed in 2007 and is offered with a 10-year absolute NNN lease commencing at closing. The lease includes 2% annual increases and is associated with a medical tenant.
The property is in Germantown, Tennessee, within the Memphis metropolitan area, positioned between Poplar Ave and Bill Morris Pkwy. Reported traffic volumes are 32,520+ VPD on Poplar Ave and 128,781+ VPD on Bill Morris Pkwy. Approximately 139,408 people reside within five miles of the property, based on the cited 2020 ESRI report.
The property is in Germantown, Tennessee, within the Memphis metropolitan area, positioned between Poplar Ave and Bill Morris Pkwy. Reported traffic volumes are 32,520+ VPD on Poplar Ave and 128,781+ VPD on Bill Morris Pkwy. Approximately 139,408 people reside within five miles of the property, based on the cited 2020 ESRI report.
Key Highlights
- 10‑year absolute NNN lease beginning at closing
- 2% annual lease increases
- Medical tenant in place
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
649
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
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Built in 2007 for a medical tenancy with a 10-year absolute NNN lease and 2% annual increases.
Where is this nnn property located?
The property is located at 3023 Centre Oak Way Germantown, TN.
What are key features of this property?
This property features: 10‑year absolute NNN lease beginning at closing; 2% annual lease increases; Medical tenant in place
