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 1964
Building Area Net
Occupancy 90.0 %

Asset Description

JLL is pleased to announce the opportunity to acquire Eastgate Shopping Center, a 454,843 SF grocery anchored shopping center located in Memphis, TN. The center is strategically located between Downtown Memphis & Germantown and is immediately proximate to numerous economic drivers including FedEx, International Paper, Baptist Memorial Hospital, and St. Francis Hospital.


Eastgate Shopping Center is home to a stable tenancy with nearly 60% of tenants having 10+ years of tenure. Tenants at the center include Burlington, TJ Maxx, The Fresh Market, Ross Dress for Less, Five Below, and BuyBuyBaby. In addition, the center has attracted high quality tenants since 2018, with lease up of over 130,000 SF representing nearly $1,700,000 of base rental revenue.


Please reach out to the deal team to learn more about this investment opportunity.

Investment Highlights

Well Established Memphis Location

Dense and Affluent Demographics

Close Proximity to Economic Drivers

Grocery Anchored

Significant Upside & Disposition Optionality

Well-Tenured & Extremely High Performing Tenancy

Last Updated Date: 14 Jul 2022

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Last Updated Date: 14 Jul 2022

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