Retail

Eastgate Shopping Center - 2022

835 S White Station Rd, Memphis, TN, 38117-5702, US

Eastgate Shopping Center - 2022_Property for Sale

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Eastgate Shopping Center - 2022 2_Property for Sale

Asset description

JLL is pleased to announce the opportunity to acquire Eastgate Shopping Center, a 454,843 SF grocery anchored shopping center located in Memphis, TN. The center is strategically located between Downtown Memphis & Germantown and is immediately proximate to numerous economic drivers including FedEx, International Paper, Baptist Memorial Hospital, and St. Francis Hospital.


Eastgate Shopping Center is home to a stable tenancy with nearly 60% of tenants having 10+ years of tenure. Tenants at the center include Burlington, TJ Maxx, The Fresh Market, Ross Dress for Less, Five Below, and BuyBuyBaby. In addition, the center has attracted high quality tenants since 2018, with lease up of over 130,000 SF representing nearly $1,700,000 of base rental revenue.


Please reach out to the deal team to learn more about this investment opportunity.

Attributes

Building area Net
454,843 sf
Occupancy
90.00%
Year built
1964

Investment highlights

Well Established Memphis Location

Dense and Affluent Demographics

Close Proximity to Economic Drivers

Grocery Anchored

Significant Upside & Disposition Optionality

Well-Tenured & Extremely High Performing Tenancy

Eastgate Shopping Center - 2022 4_Property for Sale
Eastgate Shopping Center - 2022 4_Property for Sale

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Last updated
Nov 7, 2022