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Houston Levee, Collierville, TN

Houston Levee

TN, USA

Price $5,458,000
Cap Rate
NOI $365,707
Lease Term Various
Lease Type Various
Rental Increases Various
Year Built 2015
Building Size 12,859 SF
Lot Size 1.37 Acres (59,789 SF)
Status Sold
Lead Broker Information Ryan Forsyth
Executive Director
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Vince Aicale
Executive Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Cushman and Wakefield Inc. LIC. # 00616335
This property is listed in conjunction with Tennessee-licensed real estate broker Cushman & Wakefield.

Investment Highlights

100% LEASED MULTI-TENANT RETAIL CENTER
» 100% leased multi-tenant retail center with a synergistic mix of strong national, regional, and local tenants
» Multi-tenant center offers investment diversification

HIGH-TRAFFIC LOCATION IN DENSE RETAIL CORRIDOR
» Located at signalized hard corner, with excellent visibility and access to over 41,500 vehicles per day at the intersection
» Outparcel to the Houston Levee Galleria, a boutique retail plaza
» Directly across from a large shopping center anchored by Kroger, Kohl’s, Stein Mart, and HomeGoods and featuring notable retailers such as Michaels, Rack Room Shoes, Pier 1 Imports, Catherines, McDonald’s, LongHorn Steakhouse, Walgreens, and many others

DENSELY POPULATED AREA WITH ROBUST DEMOGRAPHICS
» Population of 106,558 within a five-mile radius, providing a large customer base
» Located in an extremely affluent area, with an average household income of $163,793 within a three-mile radius
» Average household incomes within one- and five-mile radii greatly exceed $100,000
» In 2015, Collierville had an average household income of $154,175, while Tennessee as a whole averaged just $47,275

NEW CONSTRUCTION
» High-quality construction completed in Q4 2015
» Features latest store designs and concepts
» New building, limiting near-term deferred maintenance or capital costs


Property Description

SOLD

The property is located at the signalized hard corner of Houston Levee Road and West Poplar Avenue, with excellent access and visibility to over 41,500 vehicles per day at the intersection. The property is located in a dense retail corridor, directly across from Gallina Centro, a large shopping center anchored by Kroger, Kohl’s, Stein Mart, and HomeGoods. Gallina Centro offers a wide array of shopping, dining, and service options and features notable retailers such as Michaels, Rack Room Shoes, Pier 1 Imports, Catherines, McDonald’s, LongHorn Steakhouse, Walgreens, and many others. The property is also outparcel to the Houston Levee Galleria, a boutique retail plaza featuring a mix of national, regional, and local tenants.

The property is surrounded by affluent residential neighborhoods, providing an excellent customer base. The property is located in a densely populated area, with 106,558 residents living within a five-mile radius. Additionally, the area around the property is extremely wealthy, with an average household income of $163,793 within a three-mile radius. Average household incomes within one- and five-mile radii also greatly exceed $100,000.

Contact Us About This Property

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