3430 Summer Ave Memphis, TN
Call to check price and availability
Stand-alone medical building in East Memphis with long-term tenant.
Type:OFFICE
Property size:
8,735 SFLot size:
1.07 AcresPrice / SF:
$217/SF- Added:
- Apr 8, 2025
- Days on Market:
- 386
- Last Refresh:
- Apr 5 at 10:23 pm
Property Features for 3430 Summer Ave
General Information
- Standard status
- Active
- Size
- 8,735 SF
- Lot size
- 1.07 Acres
- Property subtype
- OFFICE
Listing agent Ethan Offenbecher (737) 205-2056
Listing office Sands Investment Group (SIG) | Austin (737) 205-2056
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
Overview
Memphis Medical Office Investment Opportunity
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
DaVita Memphis Midtown ...
Medical Clinic
Mental Health Cooperative
Medical Clinic
Similar Places Nearby
- DAY AND NIGHT ANIMAL HOSPITAL — Memphis, TN 38122
- RescueVet Pet Care Center — 4670 Summer Ave, Memphis, TN 38122
- Summer Avenue Animal Hospital — 4450 Summer Ave, Memphis, TN 38122
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.9469
- Latitude
- 35.1496
Nearby Similar for Sale
FAQs
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.
