Caractéristiques de l'actif
Description de l'actif
JLL is pleased to announce the opportunity to purchase Thompson Square, a 100% leased Kroger-anchored retail asset located in Tupelo, MS. Thompson Square features a high performing Kroger anchor who has recently renewed, reports extremely strong sales, and has an operating history exceeding 30 years, providing investors with income security. The property also includes a well-curated, diversified shop tenant mix with sustainable, below market rents and an impressive weighted average tenure approaching 10 Years.
The property is strategically located in Northern Mississippi's most dominant retail corridor, with an extended trade area exceeding 50 miles, nearly 18 million annual visits, and a plethora of high quality national / regional retailers including Walmart, Sam's Club, Ross Dress for Less, TJ Maxx, Lowe's, Home Depot, Dick's Sporting Goods, HomeGoods, and more, providing significant visibility and traffic to tenants at the center.
Please reach out to the deal team to learn more about this opportunity.
Points clés d'investissement
- Dominant Kroger Anchor with Exceptional Sales
- Super Regional Retail Destination with Extended Drawing Power & Limited Grocer Competition
- Significant Anchor Term Remaining
- Well-Tenured Shop Tenancy with Sustainable Rents
- Significant Discount to Replacement Cost
- Avg. HH Incomes Exceeding $100,000
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