University Plaza

Description:

University Plaza is a well-established retail center built in 1986. Income stability is secured by credit tenants, including Kroger (Ruler Foods), Farmers Furniture, and Aaron’s, all with long-term leases. The center is strategically located near the University of Tennessee at Martin, providing a massive customer base and minimal competition. High visibility and recent capital improvements (2019 roof) position University Plaza as a secure, high-performing investment in Northwest Tennessee.


University Plaza is strategically positioned on University Street, a high-traffic route with 11,800 vehicles per day (VPD), ensuring excellent visibility and access. The center's location is a key asset, situated less than one mile from the University of Tennessee at Martin (UT Martin). UT Martin enrolls approximately 6,900 students and 1,200 faculty/staff, generating a consistent, reliable customer base and an annual economic impact of $500 million in the greater Martin area. It is conveniently located just a 5-minute drive from Downtown Martin. The center draws shoppers from an extended trade area, with 63% of visitors traveling over seven miles, benefiting from limited competitive retail options in Northwest Tennessee.


University Plaza is an established retail center built in 1986 with a total GLA of 79,700 square feet. The center is anchored by credit tenants Kroger (Ruler Foods), Farmers Furniture, and Aaron's, all on long-term leases (expiring 2027–2030) with renewal options. The roof was replaced in 2019 and is under warranty until 2029. The property is less than a mile from a major university, which drives significant consumer traffic and contributes a large economic impact to the area. The center benefits from limited local competition, making it a strong, income-producing asset.

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