3536 Canada Road, Lakeland TN 38002 • Shelby County • I-40 & Canada Road
For More Information, Contact Exclusive Agent:
Shawn Massey, CCIM, CRX, CLS, ALC
[email protected] • 901-334-5702
Maggie Gallagher, Director of Development, Gilad Development, Inc. [email protected] • 901-229-9690
The lake district - Memphis (lakeland), tn
THE PROJECTThe Lake District is an upscale 160 acre mixed- use community around a six acre lake. Designed with elegant water features, tree lined parks, and Antebellum inspired Architecture, The Lake District conveys a sense of place. Eight primary elements combined create a village with urban amenities and a vibrant street life important to retail in a suburban community.
THE 9 ELEMENTS1. Power Center Retail ..................... 125,000 sf; Blocks C & D2. Main Street Retail ....................... 156,700 sf; Blocks A & B
3. Residential .................................. A. 229 Single Family Detached, B. 48 Manor Houses, C. 83 Town Houses Detached, D. 95 Apartments over Retail
4. Retail Pads .................................. Eleven (11) Outparcels totaling 12.43 acres
5. Hotels .......................................... A. Hotel #1 – 124 Keys visible from highway
B. Hotel #2 – 140 keys connected to Main Street
6. Performing Arts Center ................ 33,670 sf
7. Assisted Living Units ................... 2.25 acres
8. Parking Structures ...................... A. Structure #1 - 350 spaces B. Structure #2 – 200 spaces C. Structure #3 – 100 spaces
The sheer magnitude of the project will attract residents, retailers, shoppers and visitors from a local geographic ring which includes Shelby, Tipton and Fayette Counties in Tennessee, expanding out into a larger geographic ring including DeSoto, Tate, Tunica, Marshall and Benton in Mississippi and Crittenden in Arkansas.
THE LOCATIONLocated in the affluent Lakeland Tennessee just outside the Memphis City Limits in Northeast Shelby County at I-40 and Canada Road. A new cloverleaf single point interchange at Canada Rd. is slated for completion early 2017 with direct ingress and egress to I-40. Average drive counts are 53,467 cars per day.
Additionally, the site is located with in the new outer road loop of Highway 385 and I-269 providing access to the entire regional community including West Tennessee and North Mississippi markets.
We are pleased to present The Lake District, A GILAD DEVELOPMENT – OCCUPANCY 2019.
The lake district - Memphis (lakeland), tn
THE DISTRICT’S The Lake District is a distinct upscale neighborhood. Each of the 8 elements are identified as independent Districts promoting connectivity.
HOTEL DISTRICT
The Lake District is seeking two upscale hotel concepts.
SITE• Two out parcels For Sale totaling 5.8 acres • Excellent highway visibility
NOTESGreater Memphis is home to Fed Ex and other major national distribution centers including Nike, William-Sanoma, numerous consumer electronics businesses, and the bio medical industry.
POWER CENTER RETAIL
The Retail District is located on I-40 and Canada Rd for excellent visibility and access.
SQUARE FEET 125,000 sf of Power Center Retail
TENANT MIXGrocery, apparel, furniture, home goods, sporting goods, and others.
NOTESA natural extension of the Wolfchase regional trade area which is 100% built out for new large developments, The Lake District is clearly the next regional retail opportunity.
MAIN STREET RETAIL
The heart of the village, the Main Street District is represented by chef driven restaurants, café’s, and a mix of national and local boutique retail opportunities along a boardwalk and around the lake.
SQUARE FEET156,700 sf RESTAURANTS Lakefront sites: 6000 sf, 7,000 sf, 9,000sf
MAIN STREET RETAIL2500 sf to 50,000 sf contiguous space available
NOTESMain Street offers apartment living above the retail and links the residential town homes and manor homes via walking bridges crossing the lake.
highlights
DEMOGRAPHICS
5 Mile 10 Mile 20 Mile
Population 84,156 282,245 972,516Households 30,937 104,476 367,517
Average HH Income ($) 98,939 95,062 73,088
• Proposed upscale mixed use development on 126 acres located east of Memphis and Wolfchase Galleria Mall
• Excellent visability from Interstate 40 at Exit 20
• 480,000 +/- SF of retail and restaurant space for lease
• Two hotel sites for sale
• Outparcels available from 0.40 to 2.4 acres
• Traffic Counts: Interstate 40 (53,467 AADT) & Canada Rd (9,114 AADT)
AERIAL MAP
THE LOCATIONLocated in the affluent Lakeland Tennessee just outside the Memphis City Limits in Northeast Shelby County at I-40 and Canada Road. A new cloverleaf single point interchange at Canada Rd. is slated for completion early 2017 with direct ingress and egress to I-40. Average drive counts are 53,467 cars per day.
Additionally, the site is located with in the new outer road loop of Highway 385 and I-269 providing access to the entire regional community including West Tennessee and North Mississippi markets.
AERIAL MAP
DISTANCES TO SURROUNDING METROPOLITAN CITIES
Little Rock, AR 136 milesNashville, TN 201 milesJackson, MS 208 milesHuntsville, AL 215 milesBirmingham, AL 236 milesSt. Louis, MO 284 milesLouisville, KY 384 milesKnoxville, TN 393 miles
ABOUT MEMPHIS
Memphis, Tennessee is in the southwest corner of the state, bordered by Arkansas and Mississippi. The MSA of Memphis consists of nine counties – Shelby, Tipton, Fayette in Tennessee, DeSoto, Tate, Tunica, Marshall and Benton in Mississippi and Crittenden in Arkansas – and a population of 1,330,677.
Memphis thrives on economic diversity and its population is fueling the drive into the 21st century. Three Fortune 500 companies call Memphis home (FedEx, International Paper and AutoZone). Memphis is known worldwide as “America’s Aerotroplis”. The Memphis airport is the second busiest cargo airport in the world (Hong Kong is number one.) It is the single largest economic drive in the state of Tennessee with an economic impact of $23.3 billion annually. The medical community is also a big drive for our economy. St. Jude Children’s Research Hospital, The University of Tennessee Medical School and “The Med” are all based in Memphis as well.
Memphis has four regional retail trade areas –Oak Court/East Memphis, Wolfchase, Southaven (MS) and SE Memphis/Collierville. Retail activity in Memphis is flourishing. The total trade area consists of approximately 41.4 million square feet and the occupancy level is estimated to be 89%. The Wolfchase and Southaven trade area continue to be a major growth area both in residential and commercial growth. Memphis is home to one of the first lifestyle centers ever built in the US. Saddle Creek was built in Germantown in 1986 and is home to Apple, Anthropologie, Brooks Brothers and other high end retailers.
The Memphis area offers tourists history, music and plenty of outdoor activities. Beale Street, Graceland, National Civil Rights Museum, Pink Palace Museum, Mud Island Park, AutoZone Park, Rock ‘n’ Soul Museum, Memphis Zoo, Stax Museum, Sun Studios, and the FedEx Forum all call Memphis home and attract more than 10 million visitors each year. An estimated $3.1 billion is spent by visitors each year.
TOP 25 EMPLOYERS
Ranked by # of employees
# of employees
1 FedEx 32,000 2 Shelby County Schools 16,0003 Tennessee State Government 14,4004 U.S. Government 13,9005 Methodist Healthcare 10,1756 Baptist Memorial Health Care Corp. 8,5877 City of Memphis 6,8488 Walmart Stores 6,000 9 Shelby County Government 5,66210 Naval Support Activity Mid-South 4,600 11 The Kroger Company 3,966 12 University of Tennessee Health Science Center 3,91113 Desoto County School District 3,77514 St. Jude Children’s Hospital 3,676 15 Technicolor 3,50016 Caesars Entertainment 3,00017 Century Management Inc. 2,80018 Memphis Light, Gas & Water 2,72719 The University of Memphis 2,43820 The ServiceMaster Co. 2,41121 First Horizon National Corp. 2,30022 International Paper Co. 2,30023 Veterans Affairs Medical Center 2,18524 Saint Francis Healthcare 2,09025 Regional Medical Center At Memphis 2,078
DEMOGRAPHIC SUMMARY (2012 ESTIMATES)
population median income HouseHolds
MSA 1,330,677 $53,542 496,846County 930,753 $46,506 352,222City 643,170 $43,389 249,007
Updated 4/4/2014– Source: Synergos Tech – PopStats / TIGER Geography 04/2012
Updated 4/4/2014 – Source: Memphis Business Journal – Book of Lists
MEMPHIS - SHELBY COUNTY OVERVIEW
NEWSPAPER – THE COMMERCIAL APPEAL CIRCULATION
daily sunday
Print 104,676 Print 136,160Print / Electronic 145,452 Print / Electronic 177,483
Readership 280,959 Readership 431,606Updated 4/4/2014 – Source: CA Media, Memphis DMA, 5/2/2011
MEMPHIS MSA
Fayette (TN)Shelby (TN)Tipton (TN)
Crittenden (AR) Benton (MS)Desoto (MS)
Marshall (MS)
Tate (MS)Tunica (MS)
Chester (TN)Crockett (TN)
Dyer (TN)Fayette (TN)Gibson (TN)
Hardeman (TN)Haywood (TN)
Lauderdale (TN)McNairy (TN)Shelby (TN)
Tipton (TN)Alcorn (MS)Benton (MS)
Coahoma (MS)Desoto (MS)
Lafayette (MS)Marshall (MS)Panola (MS)
Quitman (MS)Tate (MS)
Tippah (MS)Tunica (MS)
Crittenden (AR)Cross (AR)Lee (AR)
Mississippi (AR)Phillips (AR)Poinsett (AR)
St. Francis (AR)Pemiscot (MO)
DESIGNATED MARKETING AREA FOR TELEVISION
MEMPHIS - SHELBY COUNTY OVERVIEW
TOP TRAFFIC VOLUME INTERSECTIONS
1 Walnut Grove Rd & Germantown Pkwy 98,7492 Walnut Grove Rd & Humphreys Blvd/Wolf River Blvd 87,5853 Germantown Rd & Wolf River Blvd 78,1074 Poplar Ave & Ridgeway Rd 76,6755 Germantown Pkwy & Trinity Rd 69,5656 Germantown Pkwy & US Hwy 64 68,6767 US Hwy 78 & Goodman Rd (Olive Branch) 63,0008 Winchester Rd & Hacks Cross Rd 62,5189 Goodman Rd & Airways Blvd (Southaven) 61,000
10 Germantown Pkwy & Dexter Rd 57,24711 The Lake District – A Gilad Development (I-40 & Canada Rd.) 53,467
Updated 4/4/2014 – Source: TDOT & MDOT 2012 Estimates, Road Counts Combined
AREA COLLEGES AND UNIVERSITIES
institution location 2013 fall enRollment
University of Memphis Memphis 21,650Southwest TN Community College Memphis 10,740
Northwest Mississippi Community College Senatobia, MS 8,022University of Phoenix, Memphis Campus Memphis 3,200University of TN – Health Science Center Memphis 2,632
Rhodes College Memphis 1,950Victory University Memphis 1,950
Mid-South Community College West Memphis, AR 1,943 Christian Brothers University Memphis 1,580
Bethel University Memphis 1,213Baptist College of Health Sciences Memphis 1,101
Tennessee College of Applied Technology Memphis 1,000Concorde Career College Memphis 980Lemoyne-Owen College Memphis 946
Rust College Holly Springs, MS 936Union University – Germantown Campus Germantown 825
Vatterott Career College Memphis 790University of Mississippi – Desoto Campus Southaven, MS 731
Anthem Career College Memphis 684Remington College – Memphis Campus Memphis 641
ITT Technical Institute Cordova 563Southern College of Optometry Memphis 508
Memphis College of Art Memphis 429Belhaven University Memphis 425
National College of Business & Technology Memphis 392Updated 4/4/2014 – Source: Memphis Business Journal – Book of Lists – Fall 2013 Enrollment
MEMPHIS - SHELBY COUNTY OVERVIEW
MEMPHIS REGIONAL MALLS
Each circle represents 5 mile radius.
population 5 miles
median HH income 5 miles
HouseHolds 5 miles
Wolfchase Galleria 149,637 $65,235 56,878Oak Court 233,667 $49,900 91,300Carriage Crossing 80,263 $95,854 28,843Southaven Towne Center 104,095 $50,115 37,432
Updated 4/4/2014 – Source: Synergos Tech – PopStats / TIGER Geography 04/2012
MEMPHIS REGIONAL MALLS
Updated 4/4/2014 – Source: Memphis Business Journal
GENERAL MALL INFORMATION
mall owneR squaRe footage sales ancHoR stoRes
Wolfchase Galleria Simon Property Group 1,153,000 $454 / SF
Dillard’sMacy’s
JCPenneySears
Oak Court Simon Property Group 849,000 $330 / SF Dillard’sMacy’s
Carriage Crossing Poag 712,000 $300 / SF Dillard’sMacy’s
Southaven Towne Center
CBL 810,814 $330 / SF Dillard’sJCPenney
Abuelo’sAcademy SportsAdvance Auto PartsAshley FurnitureATC FitnessAutoZoneBabies r UsBack Yard BurgersBahama BreezeBarnes & NobleBaskin RobbinsBassetBed Bath & BeyondBest BuyBig Lots!Buffalo Wild WingsCatherinesCheddar’sChili’sColton’sCostcoCVSDick’s Sporting GoodsDillard’s
Dunkin’ DonutsEl MezcalEthan AllenFedEx OfficeFirebirdsFriday’sFurniture Factories Showroom, Inc.GoodwillGordman’sGuitar CenterHertzhhgreggHobby LobbyHome StoreHootersJ. Alexander’sJaredJCPenneyJim N Nick’s Bar B QKFCKirkland’sKohl’sKrogerKroger
LA FitnessLA FitnessLenny’s Sub ShopLittle Ceasar’s PizzaLogan’s RoadhouseLonghornLowe’sMacysMalco Movie TheatreMalco TheatreMichaelsNewk’sOffice Depot OfficeMaxOld NavyOlive GardenOn The BorderO’Charley’sPei WeiPETsMARTPier 1 ImportsPlato’sRed LobsterRite Aid
Romano’s Macaroni GrillRoss Dress for LessSam’s ClubSearsShoe CarnivalShogunSports AuthoritySports Clips HaircutsSprout’sStarbuck’sSubwayTargetTexas RoadhouseThe Home DepotT J MaxxToys r Us UltaValue City FurnitureWalgreensWalmartWells FargoZaxby’s
wolfchase trade area
Summary Demographic Profile
5 MILES 10 MILES 20 MILES
POPULATION
2015 Total Population 84,156 282,245 972,516
2020 Projected Total Population 88,078 291,729 999,455
2010 Total Census Population 80,114 272,931 949,720
2015 Group Quarters Population 647 6,899 18,811
2010-2015 Population: Ann Grwth Rate 0.94% 0.64% 0.45%
2015-2020 Population: Ann Grwth Rate 0.92% 0.66% 0.55%
2015 Male Population 40,707 137,061 468,854
2015 Female Population 43,449 145,184 503,662
2015 Median Age 36.7 37.5 35.8
HOUSEHOLDS
2015 Total Households 30,937 104,476 367,517
2020 Projected Total Households 32,405 108,050 377,913
2015 Owner Occupied Housing Units 22,719 73,235 214,819
2015 Median Home Value $253,512 $245,442 $196,244
POPULATION BY RACE
2015 White Population 53,194 (63.2%) 177,143 (62.8%) 442,367 (45.5%)
2015 Black/African American Population 23,576 (28.0%) 79,378 (28.1%) 449,266 (46.2%)
2015 American Indian/Alaska Native Population 202 (0.2%) 662 (0.2%) 2,369 (0.2%)
2015 Asian Population 3,438 (4.1%) 11,147 (3.9%) 25,019 (2.6%)
2015 Pacific Islander Population 38 (0.0%) 120 (0.0%) 511 (0.1%)
2015 Other Race Population 1,848 (2.2%) 7,788 (2.8%) 35,630 (3.7%)
2015 Hispanic Population 4,168 (5.0%) 16,023 (5.7%) 61,684 (6.3%)
Summary Demographic Profile
5 MILES 10 MILES 20 MILES
EDUCATIONAL ATTAINMENT
2015 Pop Age 25+: Some College 14,186 (25.5%) 46,965 (24.9%) 151,845 (23.9%)
2015 Pop Age 25+: Associate’s Degree 4,651 (8.4%) 14,380 (7.6%) 42,475 (6.7%)
2015 Pop Age 25+: Bachelor’s Degree 15,045 (27.1%) 47,469 (25.1%) 120,101 (18.9%)
2015 Pop Age 25+: Graduate/Professional Degree 8,436 (15.2%) 29,121 (15.4%) 77,215 (12.2%)
INCOME
2015 Average Household Income $98,939 $95,062 $73,088
2015 Median Household Income $79,347 $71,483 $51,727
BUSINESS
2015 Total Businesses 2,499 9,748 38,823
2015 Total Employees 33,571 122,245 525,749
Source: U.S. Census Bureau, Census 2010 Data. Esri forecasts for 2015 and 2020
