Hacks Cross Plaza
31,861 SqFt
Marketing description
Hacks Cross Plaza: Fully Occupied with a Roster of 10 Tenants
Nestled in Memphis, Tennessee— the state's second-largest city, boasting a
surrounding metropolitan population of over 1.16 million.
Tenants of national repute: like Family Dollar, QuickCash Taxes,
Kumon and Staffmark grace the property.
A thriving local demographic: within a 5-mile radius reside over 154K
individuals, with a notable historical growth surge of 18.82% from 2010
to 2021.
Spacious property footprint: spans 4.88 acres, accommodating 31,861
sq. ft. of retail area.
Prime neighbors: the presence of national brands in close proximity such
as Popeyes, Krispy Kreme, Nissan, Honda, Cracker Barrel, and several
others.
Stellar location: Strategically positioned on Hacks Cross Rd, witnessing
a daily vehicular traffic of 38,768. Plus, the convenience of swift access
to Bill Morris Pkwy, with a daily count of 51,902 vehicles.
Investment highlights
Investment Highlights for Hacks Cross Plaza:
1. Fully Occupied:Hacks Cross Plaza enjoys 100% occupancy with a stable tenant roster of 10.
2. Prominent Location: Located in Memphis, Tennessee—the second-largest city in the state with a surrounding metro population exceeding 1.16 million.
3. High-Profile Tenants:The property is home to nationally recognized brands such as Family Dollar, QuickCash Taxes, Kumon, and Staffmark.
4. Rising Local Demographics: The immediate 5-mile radius boasts a population of over 154K, marking a significant growth of 18.82% from 2010 to 2021.
5. Expansive Footprint:Covering 4.88 acres, Hacks Cross Plaza offers a sizable 31,861 sq. ft. of retail area, allowing for diverse retail opportunities.
6. Reputable Nearby Brands: The plaza benefits from the neighboring presence of big names like Popeyes, Krispy Kreme, Nissan, Honda, Cracker Barrel, and more, which can potentially drive more foot traffic to the plaza.
7. Prime Traffic Access: Strategically located on Hacks Cross Rd, the plaza witnesses a robust daily vehicular traffic count of 38,768. Furthermore, its close proximity to Bill Morris Pkwy ensures additional exposure with a daily traffic count of 51,902 vehicles.
In conclusion, Hacks Cross Plaza presents a compelling investment opportunity given its full occupancy, top-tier tenants, strategic location, and strong surrounding demographics.
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