JLL is pleased to announce the opportunity to acquire Collierville Crossing, a multi-anchored investment opportunity located in Collierville, TN. Collierville is a highly affluent community located about 30 minutes from downtown Memphis and directly adjacent to Germantown. The city is routinely ranked as one of the most desirable and safest cities for residents throughout Tennessee. The Property benefits from a central location to major developments and corporate hubs and attracts a diverse customer base. With compelling demographics showcasing a population of over 71,000 within a five-mile radius and an average household income of $147,087.
Collierville Crossing benefits from Academy Sports, the fourth-largest sport retailer in the USA, which makes up 78% of the GLA. Academy Sports’ credit rating recently upgraded to Ba2 (Moody’s). The retailer has an aggressive footprint expansion across the USA. Academy Sports plans to open 140 additional stores by 2027.
Multi-Anchor Drawing Power With Academy Sports And Target (SHADOW)
Centrally Located To Major Developments And Corporate Hubs
Located In Collierville - One Of The Most Affluent Cities In Tennessee
Robust Demographics - $161K+ AHHI And Nearly 50,000 Residents In A 3-Mile Radius
Sustainable Shop Rents + Significant Discount To Replacement Cost