Overview

Highlights

• Brand New Lease Extension – Piccadilly recently extended their lease out for an additional 15 years.
• Excellent Store Sales – Piccadilly reports sales well above unit volume and at a very healthy rent to sales ratio of 5.50%.
• Absolute NNN Lease - Landlord has zero responsibilities.
• Corporate Guaranty – Lease is guaranteed by Piccadilly’s corporate entity.
• Oversized Lot – Building sits on a lot that is approximately 1.41 Acres.
• Above Average Household Income – In the immediate area the average household income exceeds $110,000.
• Dense Population – There are over 223,000 residents living in a 5-mile radius.
• Heavy Traffic Counter – The property sits on Poplar Ave on of the main arteries seeing 27,000 vehicles per day.
• Recently Renovated – The property was renovated over the last year.
• Top Performing Kroger – The property sit across the street from the 3rd most visited Kroger in the state of Tennessee per Placer.AI.
• University of Memphis – The property is located a couple blocks from the University which as over 22,000 students enrolled.

Documents

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