5247 Airways Blvd Memphis, TN 38116
- Retail properties
- 49,287 SF
Current Use by Public Records
- DaVita Airways Dialysis / Medical Clinic
Property Details for 5247 Airways Blvd
- Year built
- 2006
- Property size
- 49,287 SF
- Property type
- Retail properties
- Property subtype
- Drug stores
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.9905
- Latitude
- 35.0053
