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2049 E Shelby Dr
Memphis, TN 38116
DaVita Dialysis · Office Property For Sale

Executive Summary

*Ten (10) year NN Lease with limited landlord responsibilities
*This DaVita lease is corporately guaranteed by DaVita, Inc. DaVita is the largest kidney dialysis provider in the US, commanding 37% market share
*Recent lease extension demonstrates commitment to site
*Essential Dialysis Facility Providing Critical, Recession-Resistant Healthcare Services
*DaVita Inc. is a publicly traded company (NYSE: DVA), ranked #331 on the Fortune 500 with $13.6 billion in annual revenue
*Convenient access to Interstate 240, Interstate 55, Memphis International Airport, and Downtown Memphis
*Minutes from Memphis International Airport, the world's busiest cargo airport by freight volume
*Dense Surrounding Population - Memphis has a population exceeding 630,000 residents, with a large and growing patient base within a 5-mile radius supporting long-term demand for dialysis services
*Positioned within the Memphis MSA, one of the nation's premier logistics and distribution hubs
*Benefiting from more than $16 billion in regional investment, including Memphis International Airport modernization, FedEx expansion, and next-generation data center development
*Strong Demographics - Average household income exceeds $70,128 within a 1-mile radius, reflecting steady purchasing power
*Established Healthcare & Retail Trade Area - Surrounded by major hospital systems, medical offices, pharmacies, and national retailers, reinforcing the locations role as a dominant healthcare and service hub
*Excellent Visibility Along East Shelby Drive (30,140 VPD), Approximately 2 Miles from Interstate 55 and 9 Miles from Downtown Memphis
This property is listed in conjunction with TN licensed Turner & Associates Realty, LLC.

Property Facts

Sale Type
Investment or Owner User
Sale Condition
Sale Leaseback
Property Type
Office
Property Subtype
Medical
Building Size
7,120 SF
Building Class
B
Year Built
2010
Price
$2,081,040
Price Per SF
$292.28
Cap Rate
7.50%
NOI
$156,078
Tenancy
Single
Building Height
1 Story
Typical Floor Size
7,120 SF
Building FAR
0.08
Lot Size
2.11 AC
Zoning
RML
Parking
30 Spaces (4.21 Spaces per 1,000 SF Leased)

Amenities

  • Bus Line
  • Signage

Property Taxes

Property Taxes

Parcel Number
07-9073-0-0096
Land Assessment
$87,360
Improvements Assessment
$673,520
Total Assessment
$760,880
  • Listing ID: 41074745

  • Date on Market: 6/26/2026

  • Last Updated:

  • Address: 2049 E Shelby Dr, Memphis, TN 38116

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