1540 Appling Care Ln | Cordova, TN 38016
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1540 Appling Care Ln
Cordova, TN 38016
Abs NNN Sale Leaseback | 7.25% Cap | Memphis · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Medical Office Building – Medical tenants are highly sought after by investors to withstand economic downturns and e-commerce consumer trends
- Ideal Lease Terms – This lease features an average cap rate of 7.56% over the initial 10-year term and 2.5% annual rental increases
- Easy Access to Surrounding Markets – The clinic is strategically located in Cordova just 1.2 miles from Isaac Hayes Memorial Hwy
- Long-Term Passive Lease Structure – This investment is entirely hands-off with an initial term of 10 years and includes zero landlord responsibilities
- Robust Demographics – With over 160,000 residents within a 5-mile radius, this property is ideally located in the second-largest MSA in Tennessee
PROPERTY FACTS
Property Type
Office
Property Subtype
Medical
Building Size
10,744 SF
Building Class
B
Year Built
1997
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
10,744 SF
Building FAR
0.25
Lot Size
0.97 AC
Zoning
RU-3 - residential urban zoning district
Parking
50 Spaces (4.65 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Signage
PROPERTY TAXES
| Parcel Number | D0-207-0-0301 | Improvements Assessment | $381,960 |
| Land Assessment | $55,160 | Total Assessment | $437,120 |
PROPERTY TAXES
Parcel Number
D0-207-0-0301
Land Assessment
$55,160
Improvements Assessment
$381,960
Total Assessment
$437,120
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