2870 Poplar AveMemphis, TN 38111

This exceptional investment opportunity presents a 6,300 square foot free-standing retail building located at 2870 Poplar Avenue in Memphis, Tennessee. Built in 2020, the property boasts a prime location near a major medical hub, ensuring high visibility and foot traffic. Currently operating at 100% occupancy under a 10-year net lease (NNN) agreement, this single-tenant property offers a secure and stable income stream. The tenant's business is focused on apparel and medical uniforms, providing a resilient and in-demand service. The asking price is $1,300,000, translating to a compelling price per square foot of $206.35 and a projected cap rate of 6.00%. The property's strong financials, coupled with its strategic location and long-term lease, make it an attractive investment for discerning buyers seeking a stable, high-return asset in a thriving Memphis market. The building's modern construction and excellent condition further enhance its appeal. This is a rare opportunity to acquire a high-performing retail property in a prime location with significant upside potential. The property is situated in Shelby County, Tennessee, with a zip code of 38111.