Raleigh Group Medical Office — Sale in Memphis, TN

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Memphis, TN 38128

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Investment Figures

Cap rate
7.00%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

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) Investment Highlights: • Long-Term NNN Lease with Built-in Rent Growth • Credit-Quality Healthcare Tenant in an Essential Use • Truly Passive, Low-Management Investment

Market Context

This office in Memphis, TN is listed for sale. It is offered at an approximate 7.0% capitalization rate, a key benchmark for income-producing office assets. Compare it against other office listings for sale in Memphis, TN — view the full market.

As of Q2 2026, the Memphis office market showed an 18.0% vacancy rate, and average asking rents near $20.47/SF/yr. Source: Cushman & Wakefield Q2 2026 market report.

Above-average vacancy gives buyers leverage and a wide set of comparables.

Office market FAQ

Is the Memphis office market tightening or softening?
Vacancy is around 18.0% (Q2 2026).

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