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

Documents

Enter the "Deal room" for exclusive documents related to this property.

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 1991
Building Area Net
Land Area Net ()
Occupancy 98.0 %

Asset Description

JLL is pleased to announce the opportunity to acquire Shops of Forest Hill, a double-grocer anchored investment opportunity located in Germantown, the most affluent submarket in Memphis boasting average household incomes in excess of $160,000 within a 3-mile radius. The center is 98% occupied and includes high performing tenants including Sprouts (#1 most visited Sprouts in TN), Malco (with a significantly below market rent), Marshalls, Target (shadow), and Home Centric.


The center is positioned in the heart of Germantown, which has seen a rapid expansion and an inflow of unmatched wealth. Since 2019 over 1,000 multifamily units have been delivered and another 2,700 are under construction or proposed. There is also over 840,000 SF of office and 350,000 SF of retail under construction or proposed within a 5 mile radius. This growth is built upon the presence of some of the largest corporations in the world including FedEx, International Paper.


Please reach out to the deal team to learn more about this asset!

Investment Highlights

  • #1 Most Affluent Customer Base in Memphis
  • Germantown, TN - An Explosive and Dynamic Market
  • Super Regional Access
  • Grocery Anchored With Significant Term Remaining
  • Exceptional Income Security
  • Disposition Optionality
Last Updated Date: 29 Apr 2022

There was an error submitting your request. Please try again, or submit you inquiry here.

 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

Last Updated Date: 29 Apr 2022

Do you have any questions?  Visit our FAQ page

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.