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 We are pleased to present The Lake District, A GILAD DEVELOPMENT – OCCUPANCY 2019. THE PROJECT The 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 ELEMENTS 1. Big Box Retail/ ............................. 327,600 sf; Blocks C, D, & E 2.Main Street Retail ......................... 199,155 sf; Blocks A & B 3. Residential ................................... 100 Multi-Family Units over retail, 236 Single Family Lots, 69 Townhomes, 48 Manon Homes 4. Hotels .......................................... 2 Outparcels: 150 Keys connected to Main Street, 250 Keys Visible from the highway 5. Out Parcels .................................. 9 QSR, FSR & Service Retail Pads 6. Office ........................................... 70,000 sf; 4 Buildings 7. Performing Arts Center ................. Approximately 300 seats 8. Health and Wellness .................... Up to 20,000 sf 9. Child Learning Center ................. 2.06 acre PAD 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 LOCATION Located 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. 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 • The site can be configured for 1 Flag with 2 concepts for higher efficiency or two separate Flags. • Excellent highway visibility NOTES Greater 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. RETAIL DISTRICT (REGIONAL POWER CENTER) The Retail Quarter is located on I-40 and Canada Rd for excellent visibility and access. SQUARE FEET +/- 240,000 sf of retail big box and junior box anchors TENANT MIX Grocery, apparel, furniture, home goods, sporting goods, and others. NOTES A 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 DISTRICT 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 FEET 249,00 sf RESTAURANTS 3 lakefront sites: 6000 sf, 7,000 sf, 9,000sf MAIN STREET RETAIL 2500 sf to 50,000 sf contiguous space available NOTES Main Street offers apartment living above the retail and links the residential town homes and manor homes via walking bridges crossing the lake. highlights • Proposed upscale mixed use development • Two hotel sites for sale on 126 acres located east of Memphis and • Outparcels available from 0.40 to 2.4 acres Wolfchase Galleria Mall • Traffic Counts: Interstate 40 (53,467 AADT) & • Excellent visability from Interstate 40 at Exit 20 Canada Rd (9,114 AADT) • 480,000 +/- SF of retail and restaurant space for lease DEMOGRAPHICS 5 MILE 10 MILE 20 MILE Population 84,156 282,245 972,516 Households 30,937 104,476 367,517 Average HH Income ($) 98,939 95,062 73,088 AERIAL MAP THE LOCATION Located 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 miles Nashville, TN 201 miles Jackson, MS 208 miles Huntsville, AL 215 miles Birmingham, AL 236 miles St. Louis, MO 284 miles Louisville, KY 384 miles Knoxville, 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. MEMPHIS - SHELBY COUNTY OVERVIEW DEMOGRAPHIC SUMMARY (2012 ESTIMATES) POPULATION MEDIAN INCOME HOUSEHOLDS MSA 1,330,677 $53,542 496,846 County 930,753 $46,506 352,222 City 643,170 $43,389 249,007 Updated 4/4/2014– Source: Synergos Tech – PopStats / TIGER Geography 04/2012 TOP 25 EMPLOYERS RANKED BY # OF EMPLOYEES # OF EMPLOYEES 1 FedEx 32,000 2 Shelby County Schools 16,000 3 Tennessee State Government 14,400 4 U.S. Government 13,900 5 Methodist Healthcare 10,175 6 Baptist Memorial Health Care Corp. 8,587 7 City of Memphis 6,848 8 Walmart Stores 6,000 9 Shelby County Government 5,662 10 Naval Support Activity Mid-South 4,600 11 The Kroger Company 3,966 12 University of Tennessee Health Science Center 3,911 13 Desoto County School District 3,775 14 St. Jude Children’s Hospital 3,676 15 Technicolor 3,500 16 Caesars Entertainment 3,000 17 Century Management Inc. 2,800 18 Memphis Light, Gas & Water 2,727 19 The University of Memphis 2,438 20 The ServiceMaster Co. 2,411 21 First Horizon National Corp. 2,300 22 International Paper Co. 2,300 23 Veterans Affairs Medical Center 2,185 24 Saint Francis Healthcare 2,090 25 Regional Medical Center At Memphis 2,078 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 136,160 Print / Electronic 145,452 Print / Electronic 177,483 Readership 280,959 Readership 431,606 Updated 4/4/2014 – Source: CA Media, Memphis DMA, 5/2/2011 MEMPHIS MSA Fayette (TN) Crittenden (AR) Benton (MS) Tate (MS) Shelby (TN) Desoto (MS) Tunica (MS) Tipton (TN) Marshall (MS) DESIGNATED MARKETING AREA FOR TELEVISION Chester (TN) Tipton (TN) Tippah (MS) Crockett (TN) Alcorn (MS) Tunica (MS) Dyer (TN) Benton (MS) Crittenden (AR) Fayette (TN) Coahoma (MS) Cross (AR) Gibson (TN) Desoto (MS) Lee (AR) Hardeman (TN) Lafayette (MS) Mississippi (AR) Haywood (TN) Marshall (MS) Phillips (AR) Lauderdale (TN) Panola (MS) Poinsett (AR) McNairy (TN) Quitman (MS) St. Francis (AR) Shelby (TN) Tate (MS) Pemiscot (MO) TOP TRAFFIC VOLUME INTERSECTIONS 1 Walnut Grove Rd & Germantown Pkwy 98,749 2 Walnut Grove Rd & Humphreys Blvd/Wolf River Blvd 87,585 3 Germantown Rd & Wolf River Blvd 78,107 4 Poplar Ave & Ridgeway Rd 76,675