2860 Covington Pike | Memphis, TN 38128
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- LoopNet Team
2860 Covington Pike
Memphis, TN 38128
Raleigh Group Pediatric Sale Leaseback · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Long-Term NNN Medical Lease with Annual Increases
- Excellent Nearby Traffic Counts: +/- 112,643 VPD on I-40 & 27,916 VPD on Covington Pike (Source: ESRI Report 2020)
- Close proximity to the 246 bed Methodist North Hospital Campus
- Practice has been operating since 1975 with 10 providers
- Robust Demographics: 5 mile population over 188,000 (Source: ESRI Report 2020)
PROPERTY FACTS
Property Type
Office
Property Subtype
Medical
Building Size
19,550 SF
Building Class
B
Year Built
1997
Tenancy
Single
Building Height
1 Story
Typical Floor Size
19,550 SF
Building FAR
0.14
Lot Size
3.32 AC
Zoning
None
PROPERTY TAXES
| Parcel Number | 08-8012-0-0133C | Improvements Assessment | $487,160 |
| Land Assessment | $227,400 | Total Assessment | $714,560 |
PROPERTY TAXES
Parcel Number
08-8012-0-0133C
Land Assessment
$227,400
Improvements Assessment
$487,160
Total Assessment
$714,560
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