List with SIG
Tap into the expertise of brokers who specialize in your property type.
Get In TouchMental Health Cooperative – NNN | Memphis, TN
Mental Health Cooperative
3430 Summer Avenue, Memphis, TN 38122, USA
Sands Investment Group is Pleased to Offer For Sale Mental the Health Cooperative NNN Asset Located at 3430 Summer Avenue, a Stand-Alone Medical Building Located in East Memphis on a High Traffic Road (27,207 AADT). The Building Contains 8,567 SF of Medical Office Space Occupied By Mental Health Cooperative. The Company Reported a Gross Revenue of $64,841,419 in 2020 and is Continuing Its Expansion. There Are 13 Locations Across Tennessee With Their Headquarters Residing in Nashville.
- 5-Year Remaining Lease Term With 3% Escalations, Offering a Hedge Against Inflation
- NNN Lease Provides Landlord With Passive Income and Zero Landlord Responsibilities Backed By a 13 Unit Operator
- Area Retailers Include Walgreens, Dollar General, Pizza Hut, AutoZone, Tops BBQ, Newly Constructed Starbucks, Chick-Fil-A and Chipotle
- Strong Traffic Counts of Over 26,000 Vehicles Per Day
- 2.2-Miles North of University of Memphis
- 4-Miles East of Overton Park and 5.8 Miles East of the Medical District
- Property is Located 9-Miles From MEM Airport, Providing Easy Access For an Out-of-Town Investor
In Cooperation With Sands Investment Group Tennessee, LLC – Lic. #263973 BoR: Tom Gorman – Lic. TN #370394
Mental Health Cooperative
3430 Summer Avenue, Memphis, TN 38122, USA
MENTAL HEALTH COOPERATIVE
MHC was founded in Nashville, Tennessee, in response to the need for assertive community-based treatment for individuals who have required frequent inpatient psychiatric hospitalization. Since 1993, MHC has been passionately helping adults with severe mental illness to live quality lives in the community with our state-of-the-art treatment and support. In 1999, MHC recognized the need to support the whole family and expanded services to include children and youth.We established our non-profit agency by merging three community organizations: Urban Case Management of Meharry Community Health Center, Continuous Treatment Team of Council of Community Services, and Mobile Crisis Team of the Crisis Intervention Center. MHC emphasizes a person-centered, recovery-oriented approach, focusing on empowering clients and involving them in their own treatment plans.
Similar Listings
Southern Plains Medical Center 2-Unit Portfolio – OK
Oklahoma City, Oklahoma
Cap Rate: 8.25%
$12,023,030
Available
Price
$1,900,000
Cap Rate
7.41%
PREMISES
8,735 SF
RENEWAL OPTIONS
1 x 5 Year Option
Lease Expiration
12/31/2029
Lease Type
NNN
RENTAL INCREASES
3% Annually
BROKERS
Get Property Updates in Your Inbox
Subscribe to the SIG newsletter to access properties before they come to market.
To receive access to this OM, please review and sign our confidentiality agreement:
Sands Investment Group (“Broker”) is presenting for sale the Subject Property (“Property”) referenced above, by the Property’s owner (the “Owner”). Our agreement with the Owner requires that we obtain a Non-Disclosure before disclosing the name and location of his/her location of his/her business. The undersigned (“Recipients”) hereby acknowledge and agree that certain confidential information that has been or may be disclosed is intended solely for Recipients’ limited use in considering whether to pursue negotiations to acquire the Property.
Neither the Owner of the Property nor Broker or any of their respective officers, employees or agents, make any representation or warranty, expressed or implied, as to the accuracy or completeness of this confidential information and no legal liability is assumed or shall be implied with respect thereto. Information provided has been or will be gathered from sources that are deemed reliable; however, neither Owner nor Broker warrants or represents that the information is true or correct. Recipients are advised to verify information independently. Owner and/or Broker reserve(s) the right to change the Property’s purchase price, or any Property or market information provided, or to withdraw the Property from the market at any time without notice.
Recipients agree that the information provided by Broker is confidential and as such, agrees to hold and treat such information in the strictest of confidence. In addition, Recipients agree not to disclose, directly or indirectly, or permit anyone else to disclose this information to any person, firm or entity without prior written authorization of Owner or Broker and not use, or permit to be used this information in any fashion or manner detrimental to the interests of Owner or Broker. Photocopying or other duplication of such confidential information is strictly prohibited. Recipients agree not to contact the Property’s tenant(s), leasing brokers, or property management staff in connection with Recipients’ review of the Property or confidential information. IN ADDITION, THE CONFIDENTIAL INFORMATION SHALL NOT BE DEEMED AS REPRESENTATIVE OF THE STATE OF AFFAIRS OF THE PROPERTY OR CONSTITUTE AN INDICATION THAT THERE HAS BEEN NO CHANGE IN THE BUSINESS OR AFFAIRS OF THE PROPERTY SINCE THE DATE OR PREPARATION OF THE OFFERING MEMORANDUM.
While Owner and/or Broker may discuss the purchase and sale of the Property with Recipients, either Owner or Broker, in our sole and absolute discretion, may terminate sale discussions at any time and for any reason. Recipients acknowledge that neither Owner nor Broker has any obligation to discuss or agree to the sale of the Property. The acquisition discussions may be lengthy and complex. Notwithstanding that the parties may reach one or more oral understandings or agreements on one or more issues, neither of the parties shall be bound by any oral agreement of any kind, and no rights, claims, obligations or liabilities of any kind, either expressed or implied, shall arise or exist in favor of or be binding upon either Owner or Broker except to the extent expressly set out in a written agreement signed by both Owner and Broker.
This letter will further confirm that Recipients understand that Broker is presenting the information on the above-referenced Property and that Recipients agree that all initial correspondence and agreements pertaining to the opportunities and subsequent purchase shall be submitted through Agent. Prospective Buyer shall not contact the Owner directly unless given written permission by Agent or act either directly, indirectly, through any third parties including affiliates, other clients or other brokers to circumvent the purpose of this Agreement.
The term of this Agreement is for one (1) year from the date below, which shall be automatically extended through any ongoing negotiations, escrow periods or closing of any purchase and sales transaction(s) for the opportunity entered into by Prospective Buyer or its affiliates during the term hereof.
By filling in your information and submitting this form, you are accepting the terms of this agreement.