318 Rhodes

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. Building Addresses: 302 S Rhodes, West Memphis, AR 304 S Rhodes, West Memphis, AR 308 S Rhodes, West Memphis, AR 318 S Rhodes, West Memphis, AR 316 W Tyler, West Memphis, AR

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Listing ID: 11588023