Kroger Shadow Center

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2340 MT. Pleasant Rd
Hernando, MS

Price: $4,200,000

Cap: 8.00%

NOI: $335,949

Building Size: 14,700 SF

Lot Size: 2.19 AC

Investment Highlights

KROGER SHADOW CENTER
• The subject property is a 14,700 square foot retail center located in an affluent & growing suburb of Memphis
• Shadow Anchored to a high performing Kroger
• Unique mix of service oriented local tenants
• High Traffic Retail Corridor

TOP PERFORMING KROGER ANCHOR
• Property is shadow anchored by a Kroger that sees 1.8m visits a year
• This is a top 5% most visited location in the country, and is the #3 most visited Kroger in all of Mississippi (29 locations)
• #2 most visited location in a 50-mile radius
• Top grocery store in the market

HIGH TRAFFIC CORRIDOR IN GROWING SUBURB
• Property is positioned at the heart of Hernando, MS
• Hernando is an affluent and rapidly growing suburb of Memphis
• 5-Mile HHI: $90,000
• 5-Mile Growth: 8.74%
• Positioned just off I-55 (55,000 VPD), the major highway system leading to Memphis
• Facing E Commerce Street (23,000 VPD)
• Only grocery competition is Walmarty tied to the travel industry and The city has ranked among the top five cities in the nation for retail sales per capita.
• Emporia’s Economy is also largely driven by its Industrial Manufacturing | Manufacturers include the Georgia-Pacific Corporation, SteelFab Steel Fabricators, Beach Mold & Tool Virginia Inc., & Creative Playthings Manufacturing Facility

SEASONED TENANT LINEUP
• Property is shadow anchored by a Kroger that sees 1.8m visits a year
• This is a top 5% most visited location in the country, and is the #3 most visited Kroger in all of Mississippi (29 locations)
• #2 most visited location in a 50-mile radius
• Top grocery store in the market

HERNANDO, MS | MEMPHIS MSA
• Hernando is the county seat of DeSoto County, the second-most-populous county in the Memphis metropolitan area, which includes counties in Tennessee, Arkansas and Mississippi.
• Hernando is widely known for it’s high quality of life and continued population growth as one of Memphis’ most exciting suburbs
• Hernando has been selected by Family Circle Magazine as one of the 10 “Best Towns For Families” in the Nation.

Zach Taylor

678-808-2780 | EMAIL >

Eric Abbott

678-808-2746 | EMAIL >

OFFERING MEMORANDUM

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