| INVESTMENT HIGHLIGHTS: |
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Value Add – purchase opportunity of lender-owned retail center |
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Outstanding location – only 2 miles west of FedEx World Headquarters, which employs approximately 6,000 people |
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Strong Demographics – more than 91,000 residents at average household income exceeding $73,000 within a 3-mile radius |
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Established Retail Destination – benefiting from close proximity to major retailers including: Costco, Wal-Mart, Lowe’s, Sam’s Club, Best Buy, Target, JC Penny, Pet’s Mart, Michaels, Dick’s and FedEx World Headquarters
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Excellent visibility and access to US Hwy 385 and major traffic artery, Winchester Rd. |
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| PROPERTY SPECIFICATIONS: |
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Location: |
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7110 - 7136 Winchester Road
Memphis, TN 38125 |
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Type: |
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Community Shopping Center |
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Size: |
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157,195± sq ft GLA
18.15± acre site |
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Year Built: |
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1998 |
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Occupancy: |
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81% |
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2010 NOI: |
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$918,418 |
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Price: |
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$5,000,000 ($31.81 PSF) |
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