Property

• Premier Location – Surrounding by nationally recognized tenants with multiple points of entry.
• Tenant Stability – Several tenants have been committed to the site for over 10 years ensuring stable cash flow.
• Value Add – Below market rents combined with current vacancy offer increased NOI growth.
• Strip Center Intrinsics – American Shops embodies the low risk associated with smaller, leasable tenant spaces.
• E-Commerce Resilience – Tenancy profile is service-oriented, offering resistance to online retail disruption.
• Attractive Retail Design – Features prominent signage, ample parking, and high visibility, ideal for tenant success and consumer convenience.
• High Yield – High yield investment that rarely comes available in Tennessee.

 

Location 

• High Traffic Counts – Ease of access to I-240 which sees nearly over ±160,000 vehicles per day.
• Population Growth – Consistent year over year population growth. Current population of ±202,947 within a 5-mile radius.
• Unique Opportunity – Limited retail inventory available in the area.
• Strong Market Fundamentals – Memphis, TN has a low retail vacancy rate of 5.85%, demonstrating strong tenant demand and market stability.