SOUTHAVEN TOWNE CENTER Southaven, MS CBL PROPERTIES LOCATION I-55 at Goodman Road and Airways Boulevard ANCHORS Dillard’s, JCPenney, Bed Bath & Beyond, Gordmans, Jo-Ann Fabrics and Crafts, Pier 1 Imports, Sportsmans’ Warehouse, and Urban Air Adventure Park (opening 2019) SIZE 567,640 sq. ft. TYPE Associated Center OPENED 2005 CORPORATE OFFICE: FOR LEASING: CBL Center, Suite 500 MALL OFFICE: CBL PROPERTIES Grant Huskey 6565 Towne Center Loop cblproperties.com 2030 Hamilton Place Boulevard p. 423.490.8201 c. 423.240.0785 Southaven, MS 38671 NYSE: CBL Chattanooga, TN 37421-6000 [email protected] 731.668.7621 423.855.0001 Property Facts DEMOGRAPHICS Southaven Town Center is an open-air shopping center located 3-MILE 5-MILE 10-MILE approximately six miles south of Memphis, Tennessee. Spanning POPULATION TRENDS RADIUS RADIUS RADIUS 101 acres, the center offers more than 40 specialty stores including 2018 Estimate 211,947 133,815 345,762 Lovesick, American Eagle Outfitters, Bath & Body Works, David’s 2023 Projection 229,176 137,598 366,774 Bridal, Justice. Kirkland’s, and The Children’s Place. 2010 Census 193,259 128,848 322,107 The Shops at Southaven, a 47,000 square-foot addition, includes 2018-2023 % Change 8.13% 2.83% 6.08% Carter’s, College Station, Men’s Wearhouse, Torrid, ULTA Beauty, and Versona Accessories. 2018 Daytime Population Estimate 77,505 47,295 124,800 AVERAGE HOUSEHOLD INCOME 2018 Estimate $74,644 $58,370 $68,124 2023 Projection $84,475 $66,732 $77,457 Trade Area Facts 2018-2023 % Change 13.17% 14.33% 13.70% Southaven Towne Center is strategically located in DeSoto County along I-55 allowing easy access for shoppers and tourists. More than MEDIAN AGE 100,000 cars per day travel this main thoroughfare between Memphis, Tennessee and Tunica, Mississippi. Tunica is the third largest gaming 2018 Estimate 38 38 38 destination in the United States. DeSoto County ranks in the top 40 fastest growing counties in the U.S. Source: 2010 Census; Scan/US 2018/2023 Estimates and is the fastest growing county in Mississippi. Memphis 240 From Nashville DeSoto County’s low 7% sales tax rate, low property taxes and sustained From growth continue to attract customers from the Memphis market and I-40 surrounding areas for recurring purchases and big-ticket items. Memphis International Airport The DeSoto County Public School System is home to the second largest TN and highest-ranked schools in the state of Mississippi. Approximately 70% of public school graduates in DeSoto County attend college. MS 55 Airways Blvd. In addition, there are three major colleges and universities located Goodman Rd. within the Southaven Towne Center trade area, including University of Mississippi at Southaven, University of Tennessee at Memphis, and 78 Northwest Mississippi Community College. Church Rd. From Southaven has been recognized as the “Top Small Market in the South” Birmingham by Southern Business and Development magazine. From Tunica SOUTHAVEN TOWNE CENTER Southaven, MS CBL PROPERTIES.