For Sale
Call for price

6242 Poplar AveMemphis, TN 38119

High-Yield, Fully Leased Office Space

Overview

Added:
Dec 11, 2024
Days on market:
115
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).

Property Details for 6242 Poplar Ave

Property type
Retail properties, Office properties
Square Feet
4,000 SF
Class
A
Year Built
1982

Location Insight

City
Memphis
County
Shelby
State
Tennessee
Latitude
35.1017974
Longitude
-89.8550904
6242 Poplar Ave, Memphis, Tennessee

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
6242 Poplar Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message