Single-Tenant Office Medical
Raleigh Group Medical Office
2860 Covington Pike, Memphis, TN 38128
Listing Price: $3,573,863
Investment Overview
This is a stable, passive NNN medical office investment with a long-term lease to an established pediatric practice. The property offers predictable cash flow with built-in contractual rent growth, minimal landlord responsibilities, and significant renewal upside in a defensive healthcare asset class that is benefiting from strong demographic and sector tailwinds in 2026.
. Size: 19,550 RSF (entire building leased to one tenant)
. Land: 3.32 Acres
. Current Annual Base Rent (NOI proxy): $245,262 ($12.55 / RSF)
. Remaining Initial Term: ~7 years, 9 months (expires March 31, 2034)
. Renewal Options: Up to 5 × 3-year renewals (potential for 15 additional years of income)
Exclusively Listed By
Financing By
Listing Price: $3,573,863
Investment Highlights
- Long-Term NNN Lease with Built-in Rent Growth
- Credit-Quality Healthcare Tenant in an Essential Use
- Truly Passive, Low-Management Investment
Investment Overview
This is a stable, passive NNN medical office investment with a long-term lease to an established pediatric practice. The property offers predictable cash flow with built-in contractual rent growth, minimal landlord responsibilities, and significant renewal upside in a defensive healthcare asset class that is benefiting from strong demographic and sector tailwinds in 2026. . Size: 19,550 RSF (entire building leased to one tenant) . Land: 3.32 Acres . Current Annual Base Rent (NOI proxy): $245,262 ($12.55 / RSF) . Remaining Initial Term: ~7 years, 9 months (expires March 31, 2034) . Renewal Options: Up to 5 × 3-year renewals (potential for 15 additional years of income)
Exclusively Listed By
Financing By
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