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    5247 Airways Blvd Memphis, TN 38116

    For Sale
    $27,136,000

    6-property portfolio, strong tenants.

    Property size:
    49,287 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents a portfolio of six strategically located medical office buildings totaling 49,287 square feet. The portfolio boasts a diverse tenant mix of Walgreens, Fresenius Kidney Care, and DaVita Dialysis, all operating under long-term corporate leases with rent bumps. The properties are situated across five states: Tennessee, South Carolina, Kentucky, Wisconsin, and Pennsylvania, offering geographic diversification. The portfolio enjoys 100% occupancy, generating a substantial net operating income (NOI) of $1,421,769, resulting in an attractive 5.24% capitalization rate. The asking price is $27,136,000, translating to a price per square foot of $550.57. The buildings were constructed between 2006 and 2018, indicating relatively recent construction and potentially lower maintenance costs. This fee simple interest offering includes ownership of both land and buildings, providing a secure and stable investment. The portfolio's strong tenant base, high occupancy rate, and attractive financial metrics make it an ideal investment for those seeking a diversified, high-yield medical real estate portfolio. Specific property addresses are available upon request.

    Property Features for 5247 Airways Blvd

    General Information

    Property type
    Individual retail properties
    Square Feet
    49,287 SF

    Building Details

    Year Built
    2006

    HighLights

    • Six medical office buildings totaling 49,287 square feet.
    • Portfolio features Walgreens, Fresenius, and DaVita on long‑term leases with rent increases.
    • Located across five states (TN, SC, KY, WI, PA) for geographic diversification.
    • 100% occupancy with a $1,421,769 NOI and a 5.24% cap rate.
    • $27,136,000 asking price ($550.57/SF).
    • Buildings constructed between 2006 and 2018; fee simple ownership.
    Property Profile Location Intelligence

    Current Use by Public Records

    DaVita Airways Dialysis Dialysis Center

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.9904564
    Latitude
    35.0053119

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    FAQs

    What type of property is this?
    Individual retail property - 6-property portfolio, strong tenants.
    Where is this individual retail property located?
    The property is located at 5247 Airways Blvd Memphis, TN.
    What is the asking price?
    The asking price for this property is $27,136,000.
    What are key features of this property?
    This property features: Six medical office buildings totaling 49,287 square feet.; Portfolio features Walgreens, Fresenius, and DaVita on long-term leases with rent increases.; Located across five states (TN, SC, KY, WI, PA) for geographic diversification.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5247 Airways Blvd Memphis, TN 38116
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