West Memphis Medical Portfolio (Five Properties)

$1,900,000

318 South Rhodes Street, West Memphis, AR 72301

For Sale

Commercial

Active

Last Updated: 10/06/2025

Details:

Cap Rate: 8.4%

NOI: $159,598

Building Size: 19,663 sqft

Occupancy: 100%

Class: C

Units: 7

Lease Type: Modified Gross

Year Built: 1955-2005

Zoning: Commercial

Tenancy: Multiple

Opportunity Zone: No

Investment Strategy: Value Add

Lease Expire Year: 08/31/2030

Offered by Broker

Ashley Habiger

Principal

Delta Properties

#PB00093413

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Highlights:

Strong Occupancy and Stable Income
Favorable Medical Tenant Mix
Value-Add Opportunity
Significant Capital Improvements
Strategic Healthcare Location
Economic Growth in Area

Description:

Excellent opportunity to acquire a fully-occupied, five-building (seven-suite) medical portfolio in West Memphis, AR, located in the Memphis, TN MSA, just eight miles from downtown Memphis. Healthcare real estate offers investors the opportunity for stable returns and long-term growth. This portfolio provides both: secure income and the opportunity to increase future returns through rental rate increases and a decrease in owner responsibility for OPEX. Lease terms range from 3-5 years, and two of the leases include renewal options and rent escalations. Each building is well-maintained and in a strong location for healthcare services. West Memphis is experiencing significant economic momentum, evidenced by recent and planned government and corporate investments, including a $4B Google data center, making this a prime time to acquire a recession-resistant asset in the city.