Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY N/A

Documents

I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 1957
Building Area Net
Occupancy 97.0 %

Asset Description

JLL is pleased to announce the opportunity to acquire Summer Center, a high-performing Kroger-anchored center with a well-tenured tenancy. Situated in the Memphis MSA, the Property is surrounded by numerous economic drivers, including Memphis International Airport (the busiest cargo airport in North America), FedEx corporate headquarters (30,000 employees), and International Paper corporate headquarters (34,000 employees). The Property is strategically positioned on Summer Ave (30,550 AADT) with proximity to I-240 (206,483 AADT) and I-40 (96,170 AADT). The Property is 7 miles east of Downtown Memphis and adjacent to "East Memphis," one of the most affluent neighborhoods in the Memphis MSA, boasting average household incomes exceeding $200,000 and several country club communities. The Property offers multi-anchor drawing power from Kroger, Ross Dress for Less, Aaron's, and Five Below. 

Investment Highlights

  • Kroger Anchored with Fuel Center
  • Multi-Anchor Drawing Power
  • Well-Tenured & High Performing Tenancy
  • Well-Established Memphis Location
  • Strong Traffic Counts with Signalized Access
  • Significant Leasing Momentum
Last Updated Date: 07 Nov 2022

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Last Updated Date: 07 Nov 2022

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