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100% LEASED | INVESTMENT 6236 Poplar Ave 1,000 SF 100% Leased Office Building Memphis, TN 38119 $607,400 CAD ($607.40 CAD/SF)
Investment Highlights
- Income-Producing Freestanding Office Condo – 1,000± SF with an existing tenant through June 2028.
- NNN Lease with Built-In Growth – $2,250/month + NNN with 3% annual increases.
- Prime East Memphis / Poplar Avenue Location – only about 3 minutes from I-240 with excellent access
Executive Summary
This freestanding office condominium, located at 6236 Poplar Avenue in the Murray Lane Office Village, offers an outstanding opportunity in the heart of East Memphis. Priced at $439,000, the property provides approximately 1,000 square feet of functional space on a 0.06-acre lot and includes eight dedicated surface parking spaces. Zoned OG-Commercial, the building is ideally suited for small businesses or professionals seeking a private and accessible office environment. Its layout features two offices, a reception area, a single restroom, built-in desk space, and a security system, creating an efficient work setting.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
1,000 SF
Building Class
C
Year Built
1981
Price
$607,400 CAD
Price Per SF
$607.40 CAD
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
1,000 SF
Building FAR
0.09
Lot Size
0.25 AC
Zoning
OG
Parking
8 Spaces (5.8 Spaces per 1,000 SF Leased)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Divine Connections Therapeutic
- Health Care and Social Assistance
- -
- -
- Triple Net
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Divine Connections Therapeutic | Health Care and Social Assistance | - | - | Triple Net | - |
1 1
Moderately walkable
70/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 08-0008-0-0598 | Improvements Assessment | $37,604 CAD |
| Land Assessment | $31,159 CAD | Total Assessment | $68,764 CAD |
Property Taxes
Parcel Number
08-0008-0-0598
Land Assessment
$31,159 CAD
Improvements Assessment
$37,604 CAD
Total Assessment
$68,764 CAD
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100% LEASED | INVESTMENT | 6236 Poplar Ave
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