This Class A, 4,000 square foot executive office building, constructed in 1982, boasts 100% occupancy and a strong 7.50% capitalization rate. Generating a net operating income (NOI) of $79,000 annually, this property presents a compelling investment opportunity. Situated in the Poplar Briarcrest Office Village in East Memphis, Tennessee, the building benefits from a prime location directly north of Poplar Avenue, providing convenient access to I-240. The surrounding area is densely populated with medical, dental, legal, and insurance offices, creating a strong tenant base and high demand for office space. The property's strategic location also places it within easy reach of a wide array of retail amenities, including Target, J. Crew Factory, Oak Hall, and numerous restaurants and cafes such as Chick-Fil-A, Kroger, Starbucks, and many more. High traffic counts on Poplar Avenue (40,633 AADT) and I-240 (14,133 AADT) further enhance the property's visibility and accessibility. This fully leased asset offers a stable income stream and significant potential for future growth, making it an ideal addition to any investment portfolio. The property is located at 6242 Poplar Ave, Memphis, TN 38119.
Highlights
Poplar Briarcrest Office Village location, surrounded by strong medical and professional office tenants.
Excellent East Memphis location, directly north of Poplar Avenue with convenient I-240 access.
High-traffic area with numerous national and local retailers including Target, Kroger, and numerous restaurants.
High traffic counts on Poplar Avenue (40,633 AADT) and I-240 (14,133 AADT).
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Contacts
Jonathan Aur
Wriley Gillen
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6242 Poplar Ave, Memphis, Tennessee, 38119
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6242 Poplar Ave
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