5247 Airways Blvd, Memphis, TN 38116
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.
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DaVita Airways Dialysis Medical Clinic
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.