Investment Highlights
- Over 93% Occupied
- 16 Units (14 Leased / 2 Vacant)
- Two Parcels –11.81 Ac & 0.76 Ac
- Two Buildings –One Between Walmart & Kroger / One Between Kroger & Goodwill
- New Roof Over Dollar Tree & TJ Beauty Supply Units (2021)
- Major Parking Lot Repairs In 2021 & 2022
- Long Term Tenancy
- Dollar Tree (20.51% GLA) –Occupied Since 2001
- Fresenius Kidney Care (13.61% GLA) –Occupied Since 1996
- TJ Beauty Depot (20.51% GLA) –Occupied Since 2001
- 29% GLA Has Occupied Since 1997 (25 Years)
- 72% GLA Has Occupied Since 2001 (21 Years)
- Mix Of Triple-Net and Gross
- Landlord Responsible for Roof, Structure & Other Capex Landlord Handles Management and Reimbursement from Goodwill
- Strong Shadow Anchors
- Walmart –Public Company -NYSE: WMT
- Kroger -Public Company -NYSE: KR
- Goodwill –Private Company -4,000+ Locations
- Surrounded By Other National and Regional Retailers
- 15 Miles from Downtown Memphis, TN
- Submarket Occupancy Of 97.2% -Retail
- Over 63,500 Residents Within Three Miles
- Average Household Income Of $67,130 Within Three Miles
- Austin Peay Hwy Traffic Counts –25,500 (2020)
