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Fully Built-Out Medical Office | Turnkey 7800 Wolf Trail Cv 10,800 SF Vacant Office Building Online Auction Sale Germantown, TN 38138
Investment Highlights
- 7800 Wolf Trail Cove is a freestanding, two-story medical office, totaling 10,800 SF and closely surrounded by other medical office buildings.
- Divisibility between the two floors creates flexibility for single/multi-tenant use, where a user can occupy and collect rent, or fully occupy.
- 5-mile demographics confirm 36,400+ daytime employees report to education and health sector jobs, and nearly $100M is annually spent on health care.
- Strategic location in Germantown’s medical corridor near the Methodist Le Bonheur Germantown Hospital, Campbell Clinic, and OrthoSouth.
- 9 miles from the University of Memphis, where nursing and health science are in the top areas of study, contributing to the medical field workforce.
- Nearly 50% of the 5-mile population has attained a bachelor’s degree or higher, and the average household income exceeds $122,200.
Executive Summary
The two-story subject buildings offer a prime opportunity for a medical office user to occupy one floor and collect rental income from the remaining floor, or to occupy the entire 10,800-square-foot building. Alternatively, an investor will find the opportunity to be a prime asset to lease at or above market rates, serving peak healthcare demand in the southwestern Tennessee metro. Leasing the building on NNN terms enables a passive investment that requires minimal landlord oversight.
Located near the Mississippi River along the historic trails of the Chickasaw Indians, Germantown offers its residents a safe, attractive, and energetic community. Germantown is a suburb of Memphis, featuring residential neighborhoods with natural and designed beauty that offer exceptional leisure, cultural, and recreational programs and venues. The city is committed to environmental sustainability and to maintaining a vibrant, robust local economy. Germanton is also a regional medical center with access to premier health care.
The Memphis job market is on par with the national rate. With 0.2% job growth over the past year, Memphis is similar to the national job growth rate of 0.1%. Memphis's economy is the 52nd largest in the nation. Government, healthcare, and education employment make up nearly 30% of Memphis employment, aligning with the subject’s build-out and capabilities. Over the past year, retail, hospitality, and other related employment increased by 1.8%, while government, healthcare, and education employment increased by 0.2%.
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Property Facts
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
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- Health Care and Social Assistance
- -
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$9.99
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Lorem Ipsum
-
Jan 0000
The barriers to health are deeply rooted in our culture. The wellness of our families and our communities has not improved at the same rate as technological advances, health care reform and specialized medicine. Women are targeted with a myriad of "health promotion, disease prevention" programs by the health care industry. The health care industry, with its own set of priorities, does not necessarily understand or address the true health needs and concerns of women. It is not surprising to learn that women are the largest consumers of health care and pharmaceutical products. Health and well being is a confusing and anxiety-producing subject for many women. The definition of the "ideal" healthy women is used by the medical profession, medical researchers and the health care industry. This myth is narrow, stereotypical and unrealistic, and harmful to women. The image women have of themselves is effected by the myth of an ideal woman, and consequently, effects how they take care of themse
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Health Care and Social Assistance | - | $9.99 | Lorem Ipsum | Jan 0000 |
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Two-story layout provides flexibility for single or multi-tenant use, divisible in half Asking price per SF: $15.00 NN NN expenses in addition to base rent, excluding utilities, are estimated at $12.00 per foot
Two-story layout provides flexibility for single or multi-tenant use, divisible in half Asking price per SF: $15.00 NN NN expenses in addition to base rent, excluding utilities, are estimated at $12.00 per foot
| Space | Size | Space Use | Build-Out | Available |
| 1st Floor | 5,400 SF | Office/Medical | - | Now |
| 2nd Floor | 5,400 SF | Office/Medical | - | Now |
1st Floor
| Size |
| 5,400 SF |
| Space Use |
| Office/Medical |
| Build-Out |
| - |
| Available |
| Now |
2nd Floor
| Size |
| 5,400 SF |
| Space Use |
| Office/Medical |
| Build-Out |
| - |
| Available |
| Now |
1st Floor
| Size | 5,400 SF |
| Space Use | Office/Medical |
| Build-Out | - |
| Available | Now |
Two-story layout provides flexibility for single or multi-tenant use, divisible in half Asking price per SF: $15.00 NN NN expenses in addition to base rent, excluding utilities, are estimated at $12.00 per foot
2nd Floor
| Size | 5,400 SF |
| Space Use | Office/Medical |
| Build-Out | - |
| Available | Now |
Two-story layout provides flexibility for single or multi-tenant use, divisible in half Asking price per SF: $15.00 NN NN expenses in addition to base rent, excluding utilities, are estimated at $12.00 per foot
About Northeast
Northeast Memphis is a prominent suburban office node. The neighborhood sits about 20 miles east of downtown and just north of affluent suburbs including Germantown and Collierville. Employees can easily reach this part of town from just about anywhere in Memphis, thanks to Interstates 40, 240, and 269 providing direct commutes from downtown and other suburbs in the area. This locale is one of the more affluent parts of Memphis, with median household incomes of more than $70,000. Surrounding suburbs including Cordova, Germantown, and Collierville provide employers with a highly educated workforce to draw from. Additionally, the University of Memphis is located nearby, giving employers even more options when looking to hire qualified workers.
There are many financial and medical office employers are in the area. Companies including Methodist Healthcare, Accredo, Credit Control, and Conduit Global lease space here.
There are plenty of options for firms searching for space in this suburban locale. Many office parks are comprised of 1980s and 1990s-era mid-rise buildings with ample parking and green spaces. While this is a heavily car-dependent area, several retail and entertainment nodes are in close proximity.
Investors are active in the Northeast Memphis area. Even with all of the geographic benefits, assets can be purchased for a relative discount compared to other locales throughout the region.
Demographics
Demographics
Sale Advisor
Sale Advisor
Brian Califf, Executive Vice President
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Fully Built-Out Medical Office | Turnkey | 7800 Wolf Trail Cv
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Fully Built-Out Medical Office | Turnkey | 7800 Wolf Trail Cv
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