Building is 100% Occupied by Title Max through 2/28/27
1 option to extend the remaining March 1 2027 through Feb 28 2030 at $2645.09 per month
NOI is $28,526.60 per year
Cap rate is 7.1%
Situated in the vibrant city of Memphis, TN, the area surrounding the property at 3450 Millbranch Rd, offers a dynamic blend of amenities and attractions. Nearby, investors can find renowned destinations such as Graceland, home of Elvis Presley, and the National Civil Rights Museum. Additionally, the area boasts a thriving culinary scene, including famous local BBQ joints and eclectic dining experiences. With convenient access to major highways and a bustling business community, the location is ideal for investors seeking an office building opportunity in a culturally rich and economically diverse city.
Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."
Why are Real Estate Incentives Important and to Whom?
"Incentives" are vital today and in the future because:
U.S. Public: Many incentives focus on job creation and Affordable Housing
Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.
