Post on 11-Jan-2022
OFFERING MEMORANDUM
11.88 Acre Warehouse Single Tenant Located in Proximity to FedEx Worldwide Hub
MEMPHISTENNESSEE
BUILDING PLASTICS, INC
BPI Corporate Headquarters Distribution Facility
CONFIDENTIALITY AND DISCLAIMERThe information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.
NON-ENDORSEMENT NOTICEMarcus & Millichap Real Estate Investment Services, Inc. (“M&M”) is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of M&M, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of M&M, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.
Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOURMARCUS & MILLICHAP AGENT FOR MORE DETAILS.
Adair
Adams
Adamsville
Alexandria
Allardt
Altamont
Ardmore
Arlington
Atoka
AtwoodAuburntown
Baileyton
Baxter
Beersheba Springs
Bell Buckle
Bells
Benton
Berry Hill
Big Sandy
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Blaine
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Braden
Bradford
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Bruceton
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Decaturville
Denmark
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Doyle
Ducktown
Eagleville
East Cleveland
Eastview
Elkton
Englewood
Enville
Erin
Estill Springs
Ethridge
Fairmount
Fall Branch
Finger
Finley
Friendship
FriendsvilleGadsden
Gainesboro
Gallaway
Garland
Gates
Gibson
Gilt Edge
Gleason
Gordonsville
Grand Junction
Gray
Graysville
GreenbackHenning
Henry
Hickory Valley
Hollow Rock
Hornbeak
Hornsby
Hunter
Huntland
Huntsville
Iron City
Jacksboro
Karns
Kenton
Kimball
Kingston Springs
La Grange
Lakeland
Lakesite
Liberty
Linden
Lobelville
Lookout Mountain
Loretto
Luttrell
Lynchburg
Lynnville
Mason
Maury City
Maynardville
McEwen
McLemoresville
Medina
Medon
MichieMiddleton
Milledgeville
Minor Hill
Mitchellville
Monteagle
Morrison
Moscow
Mosheim
New Hope
New Johnsonville
New Market
New Tazewell
Niota
Normandy
Norris
Oakdale
Oakland
Obion
Orebank
Orlinda
Orme
Palmer
Parrottsville
Pegram
Petersburg
Petros
Philadelphia
Pigeon Forge
Piperton
Pittman Center
Pleasant Hill
Powells Crossroads
Puryear
Ramer
Red Boiling Springs
Richard City
Ridgely
Ridgeside
Ridgetop
Rives
Roan Mountain
Rockford
Rossville
Russellville
Rutherford
Rutledge
Saltillo
Samburg
Sardis
Saulsbury
Scotts Hill
Sharon
Silerton
Slayden
Sneedville
South Carthage
South Clinton
Spencer
Spring City
Spring Hill
St. Joseph
Stanton
Stantonville
Surgoinsville
Tellico Plains
Tennessee Ridge
Toone
Townsend
Tracy City
Trezevant
Trimble
Troy
Tusculum
Vanleer
Viola
Vonore
Walden
Wartburg
Wartrace
Watauga
Watertown
Westmoreland
White Pine
Whiteville
Whitwell
Wildwood Lake
Williston
Woodland Mills
Yorkville
Alamo
Algood
Ashland City
Banner Hill
Belle Meade
Berrys Chapel
BlountvilleBridwell Heights
Camden
Carthage
Caryville
Centerville
Central
Cherokee
Church Hill
Collegedale
Decherd
Dresden
Dunlap
Dyer
Erwin
Etowah
Fairview
Fordtown
Forest Hills
Gatlinburg
Greenbrier
Greenfield
Halls
Hampton
Harrogate-Shawanee
Hartsville
Henderson
Hohenwald
Huntingdon
Indian Springs
Jamestown
Jasper
Jellico
Jonesboro
Kingston
Lafayette
Lake CityLakewood
Livingston
Loudon
Madisonville
Mascot
Midway
Monterey
Morrison City
Mount Carmel
Mount Juliet
Mount Pleasant
Mountain City
Munford
Newbern
Oak Grove
Oak Hill
Oliver Springs
Oneida
Parsons
Pikeville
Pine Crest
Portland
Rogersville
Selmer
Sevierville
Sewanee
Smithville
Somerville
South Cleveland
South Fulton
South Pittsburg
Sparta
Spurgeon
Sullivan Gardens
Sweetwater
Tazewell
Tiptonville
Trenton
Valley Forge
Walnut Hill
Waverly
Waynesboro
West Johnson City
White Bluff
White House
Woodbury
Alcoa
Bolivar
Brentwood
Brownsville
Clinton
Collierville
Colonial Heights
Concord
Covington
Crossville
Dayton
Dickson
Eagleton Village
Fayetteville
Goodlettsville
Harriman
Harrison
Jefferson City
La Follette
La Vergne
Lenoir City
Lewisburg
Lexington
Lynn Garden
Manchester
Martin
McKenzie
Milan
Newport
Powell
Pulaski
Ripley
Rockwood
Savannah
Signal Mountain
Smyrna
Soddy-Daisy
Summit
WinchesterCleveland
Columbia
Hendersonville
Jackson
Johnson City
Kingsport
Murfreesboro
Oak Ridge
Athens
Bartlett
Bloomingdale Bristol
Cedar Bluff
Cookeville
Dyersburg
East Ridge
Elizabethton
Franklin
Gallatin
Germantown
Greeneville
Halls
Humboldt
Lawrenceburg
Lebanon
Maryville
McMinnville
Middle Valley
Millington
Morristown
Paris
Red Bank
Shelbyville
Springfield
Tullahoma
Union City
Chattanooga
Knoxville
Clarksville
Memphis
Nashville
100
100
100
100
100
100
107
108
108
109
109
125
128 13
13
13
13
13
13
13
14
18
182
20
20
20
20
2122
22
22
22
22
22
2525
27
30
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31
33
33
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33
42
42
48
48
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48
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55
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55
62
63
67
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68
68
70
70
70
72
78
8184
88
91
92
93
9911
11
11
11
11E
11E
11E
11E
11W
11W
11W
11W
127
127
127
127
127
129
19E
23
23
231
231
231
231
231
25
25E
25E
27
27
27
27
31
31
31
31A
31A
31A
31E
31E
31W
321
321321
321
41
41
41
41
41
41
411
411
411
411
412
412
41A
41A
41A
41A
41A
421
421
43
43
431
431
431
431
431
441
441
441
45
45
45E
45E45W
51
51
51
51
64
6464
64
6464
64
64
64
641
641
641
70
70
70
70
7070
70
70
70
70
70
70
70
70
70
70
70
70
70A
70N
70N
70N
70S
70S
70S
79
79
79
79
79
NATCHEZ TRACE PKWY.
FOOTH
ILLS
PKW
Y.
155
18124
24
24
24
2440
40
40
4040
40
40
40
40
40
40
55
65
65
65
75
75
75
75
75
81
81
81
Investment Summary .........................................1BPI Building Schematic Breakdown .....................3Site Plan ............................................................4Investment Highlights.........................................5Location Overview ....................................... 7 & 9Aerial Maps ....................................... 10 , 11 & 12Location Map ...................................................14Tenant Summary ..............................................15Location Highlights ...........................................16Demographics ..................................................17
TABLE OF CONTENTS
BUILDING PLASTICS, INCBPI Corporate Headquarters Distribution Facility
O V E R V I E W
Price $9,871,200
Gross Leasable Area (GLA) 183,774 SF
Lot Size (approx) 11.88 Acres
Net Operating Income $760,081
CAP Rate 7.70%
Year Built / Renovated 1986/2000
A N N U A L I Z E D O P E R AT I N G D ATA
Lease Term Annual Rent
Current Term $760,081
2020 $775,283
2021 $790,788
2022 $806,604
2023 $822,736
2024 $839,191
2025 $855,975
3262 SHARPE AVE, AND 1720-1730 CHEROKEE BLVD, MEMPHIS, TN 38111
PRICE: $9,871,200 CAP: 7.70% RENT: $760,081
INVESTMENT SUMMARY
L E A S E A B S T R A C T
Lease Type NNN
Original Lease Term 20 Years
Lease Term Commenced 2/17/2005
Lease Expiration 1/31/2025
Remaining Lease Term 6 Years
Renewal Options 2x5
Increases 2% Annual
Roof and Structure Tenant Responsible
1
* Priced on November 2019 rent. Seller to credit buyer differential at COE.
2
BUILDING PLASTICS, INCBPI Corporate Headquarters Distribution Facility
B P I B U I L D I N G S
Buildings 2
APN 05-9037-0-0142C
BPI BUILDING SCHEMATIC BREAKDOWN
S E C O N D B U I L D I N G 1720-1730 Cherokee Blvd
Total SF 9,895 SF
Lot Size 1.108 Acres
Stories Single
Type Retail, Office, Warehouse
Location Immediately adjacent to 3262 Sharpe Ave building
Primary Use Office retail showroom
G E N E R A L A S P E C T S
Lighting Warehouse T5 lighting
Generators Two emergency generators
HVAC 22 HVAC units (upgraded / replaced in 2013+/-)
Roofing Partial replaced in 2006 (w/10-yr roof warranty)
F I R S T B U I L D I N G 3262 Sharpe Ave
Total SF 183,774
Lot Size 11.88 Acres
Stories Two story (Partial, like a mezzanine portion)
Type Distribution Building, Warehouse, Showroom, Office
Exterior Walls Tilt-up
Distribution Portion 173,879 SF on 10.78 acres
Docks40 high-loading doors
28 have auto levers 8 are ground level
Built Two phase construction: 1st Phase 66,000 SF 19862nd phase: 107,000 SF built in 2000
Office Space 28,458 SFMade up of exec offices, admin, sales & retail showroom
Clear Height 31
Sprinklers In warehouse (ESFR) sprinklers throughout
3
BUILDING PLASTICS, INCBPI Corporate Headquarters Distribution Facility
SITE PLAN
CH
ERO
KEE
BLV
D
SHARPE AVE
Constructed in 1986 - 73,895 SF
Constructed in 2000 - 107,000 SF
ONE STORY WAREHOUSE173,879 SF
ONE STORY
WAREHOUSE
9,895 SF
TWO STORY OFFICE - 28,458 SF1ST FLOOR - SHOWROOM / 2ND FLOOR - OFFICE
PRES
COTT R
D
DO
CK
DO
OR
S
DOCK DOORS
4
BUILDING PLASTICS, INCBPI Corporate Headquarters Distribution Facility
INVESTMENT HIGHLIGHTS t Largest Flooring Distributor in the South
t Two Industrial/Flex/Warehouse Buildings on a 11.88 Acre Lot
t Company Head Quarter Location - Flagship Unit
t Warehouse Recipient of Numerous Capital Improvements in Recent Years
t T-5 Warehouse Lighting, Two Emergency Generators and 22 HVAC Units Have Been Upgraded or Replaced
t 40-Dock-High Doors
t Portion of Roof Was Replaced in 2006, With 10-Year Warranty
223,138TOTAL POPULATION WITHIN 5-MILE RADIUS
$60,643AVERAGE HOUSEHOLD INCOME WITHIN 5-MILE RADIUS
6,428 VPD - SHARPE AVE
4,035 VPD - CHEROKEE BLVD
5
INVESTMENT HIGHLIGHTSThis 20 year, two building industrial NNN lease offers an investor a passive investment opportunity to acquire a 11.88 acre property made up of 28,458 SF of office and 155,316+/- SF wholesale showroom/warehouse space. Redundancy systems, new HVAC units and 2 emergency generators support the site as well. Located in the SE industrial submarket, Memphis’ largest industrial submarket. Site consists of showrooms, conference rooms, offices, and an IT room.
NNNTrue NNN lease with
no landlord obligationsStrong lease terms that hedge’s
against inflation by offering 3% annual rent bumps
Privately held company with annual sales of
$176.11(Mil)+/-, founded in 1963, offering security in business practice
Densely populated region with over 226,570 residents
Located mere blocks from the FedEx Worldwide hub, national rail lines and the
International airport
6
MEMPHIS, TENNESSEEMemphis is the largest city in Tennessee, with a metro area population
of more than 1.33 million. The city is located at the confluence of
the Wolf and Mississippi rivers, as well as the eastern border that
Tennessee shares with Arkansas. As the largest city on the Mississippi
River, Memphis is ideally located for commerce in the transportation
and shipping industry.
Memphis has one of the most important and robust transportation
infrastructures in the country. It serves as the primary hub and corporate
international headquarters for FedEx. Largely due to FedEx, Memphis
International Airport is the second-busiest cargo airport in the world.
The metro also has an extensive rail network served by five Class I
railroads including BNSF, CSX, Union Pacific, Norfolk Southern and
Canadian National. Routes I-55 and I-40 are two of the busiest trucking
corridors in the nation, and will be supplemented by I-65 and I-22,
which were completed in 2016. In addition, the Port of Memphis is the
fourth largest inland port in the United States.
The trade, transportation and utilities sector are the major economic
drivers for Memphis. These industries employ one out of every four
workers in the city, making it the most concentrated area for trade,
transportation and utilities in the nation. The city enjoys continued
logistical success due to strong consumer demand, low oil prices, and a
shift to online shopping. A few of the major companies with headquarters
in the city include International Paper, AutoZone, ServiceMaster and
FedEx. Memphis is also home to St. Jude Children’s Research Hospital,
one of the world’s premier centers for the research and treatment of
catastrophic diseases in children.
Memphis is recognized as the home of the blues and the birthplace
of rock ‘n’ roll. Many musicians, including Aretha Franklin, Johnny
Cash, Elvis Presley, Otis Redding, Al Green and B.B. King, got their
start in Memphis in the 1950s and 1960s. The city hosts several music
festivals, none bigger than Memphis in May, a month-long series of
events promoting musical heritage and outreach. The city also hosts
the International Jazz Festival, Memphis Italian Festival, Africa in April
Awareness Festival and Carnival Memphis, drawing visitors and fans of
music from cities across the country.
LOCATION OVERVIEW
7
8
BUILDING PLASTICS, INCBPI Corporate Headquarters Distribution Facility
MEMPHIS INTERNATIONAL AIRPORT AND FEDEX WORLD HUB Memphis International Airport, MEM, serves an average of 140,000
passengers every month and is the No.2 cargo focused airport in the
world. Over 4.4 million passengers passed through MEM in 2018 alone,
which was an increase of 200,000 passengers from the previous year.
Downtown Memphis, Graceland, and many other attractions are only a
15-minute cab ride away from the airport. MEM is also embarking on a
new plan to modernize and consolidate airlines and retain operations.
MEM is also a “Super Hub” for FedEx World Hub. Approximately
4.2 billion pounds of packages go through the airport each year. This
has made MEM the busiest cargo airport in North America.
Over 150 FedEx planes touchdown in Memphis each night during peak
holiday season. The amount of cargo increased by 3.08% with over
9.85 billion pounds handled in the past year. According to the University
of Memphis’ Sparks Bureau of Business and Economic Research/Center
for Manpower Studies, MEM has a $19.1 billion economic impact on
the greater Memphis region. The airport also supports 83,199 jobs.
FedEx World Hub, in Memphis, TN, is the epicenter for shipments in
America and is Memphis International Airport’s main tenant. It is a global
powerhouse with team members from over 37 different countries. It is
the oldest and largest facility in the FedEx World Hub network and is
strategically located in the heart of the continental U.S. FedEx World
Hub provides overnight service to the entire nation and serves 95% of
the global economy on a 24-48-hour basis. On average, they deliver
14 million shipments daily, which doubles during peak holiday season.
The “Super Hub” sorts through almost 18,000 packages every hour.
This allows for packages to be ordered and shipped the next day. FedEx
is also responsible for 99% of the overall cargo that is handled at MEM
and has a total of 40.9 million square feet of space under its lease at
the airport. As Fedex expands it has also absorbed many of the outlying
facilities located around the airport.
LOCATION OVERVIEW
9
I-240 AVRON B. FOGELMAN EXPRESSWAY
Moore Distributors Inc.
Focus Logistics
Memphis Depot Industrial Park
Lanter Distributing
Distribution Center
CWC Logistics
Distribution Center
Worldwide Hub
U.S. Customs & Border Protection
Federal Aviation Administration
Customer Center
ServicePoint
Customs Center
Versant Supply ChainPremier
Packaging
Warehouse
Off The Dock Fresh Seafood
Distribution Center
Distribution Warehouse
Distribution Center
Processing Centertm
Distribution Center
Quality Packaging Specialists
Distribution Center
10
LAMAR AVE - 30,900 VPD
CHERO
KEE BLVD - 6,428 VPD
I-240 AVRON B. FOGELMAN EXPRESSWAY
I-240 AVRON B. FOGELMAN EXPRESSWAY
SHARPE AVE - 4,035 VPD
11
Gordin’s Liquor & Wine Shoppe
PRES
COTT
RD
Gordin’s Liquor & Wine Distribution
Center
West End Roofing & Siding
Warehouse
The Canadian National Harrison Yard (NYSE:CNI) opened $100(mil) Memphis Yard (2009) reconstruction project. It is a 433-acre site. It is the 2nd largest rail yard in the United States and handles more than 3,100 freight cars and 25+ freight trains per day and runs 24/7 with over 21,000 route miles of track that span Canada and Mid-America.
The BNSF Rail Yard (Burlington Northern Sante Fe Corp) (NYSE:BNI) just completed their $200(mil) intermodal expansion. They are the largest freight railroad network in North America and cover 32,500 miles of track in 28 states and more than 8,000 locamotives. The parent company of BNSF is Berkshire Hathaway, Inc.
(4.8 miles from the site)
HARRISON YARD
(9 miles from the site)
12
13
55
40
40
40
55
69
69
269
269
240
240
14
78
72
72
51
51
79
79
79
61
61
61
64
64
177
79
MEMPHISWEST
MEMPHIS
EARLE
ATOK A
MARION
MILLINGTON
ARLINGTON
BAR TLE T T
EAST MEMPHIS
CAPLE VILLESOUTHHAVEN
CORDOVA
OLIVE BRANCH
LAKELAND
GERMANTOWN
ROBINSONVILLE
ARKANSAS
TENNESSEE
MISSISSIPPI
14
BUILDING PLASTICS, INCBPI Corporate Headquarters Distribution Facility
BUILDING PLASTICS, INCFounded by Alexander Hill in 1963 as a wholesale distributor of formica products, BPI’s first location was opened in Memphis, TN with 8 employees operating a 7,500 SF of warehouse space. Later they expanded to include hardwood flooring, vinyl sheeting and ceramic tile. Since 2000, BPI has continued to grow and become the second largest floor covering distributor in the country, and the largest distributor in the South. The success of BPI has allowed them to begin private labeling programs in hardwood, ceramic, sinks and carpet. They have expanded their product lines to include wall tile, fixtures, laminates, solid surfaces, counter-tops, panels, slot walls and installer supplies.
BPI’s wholesale floor covering and decorative surfacing distribution operations encompass 10 states and 765,000 square feet of warehouse facilities. They employ over 380 associates representing the industries best vendors and servicing in excess of 5,800 wholesale and retail customers.
The site is made up of two separate buildings, commonly known as 3263 Sharpe Avenue, and 1720 Cherokee Blvd, Memphis, TN. Originally built in 1986 and added to and rehab’d in 2000. The site has several points of ingress/egress onto the site; from Cherokee Boulevard, Sharpe Avenue, and an access road to Prescott.
Located just 140 miles from Little Rock, AR, 200 miles from Nashville, TN and 220 miles from Jackson, MS, the site in located at the hub of industrial shipping across the south. The site features direct access to I-22 (Hwy 78) and I-2540, as well as convenient access to I-55, Highway 385. The Federal Express National Shipping Hub and Memphis, TN International Airport are located just 2.7-miles from the site, as is national logistics rail hump yards, making the subject site strategically located in the heart of the nations and the world’s warehousing shipping and distribution.
In the immediate proximity: Ferguson Bath, Kitchen & Lighting Center is located adjacent to the site. American Screen & Door are also adjacent to the site. Phillips 66, Not So Used Trucks, and Payless Shoes are all located in the immediate neighborhood. Supervalue Grocers, Liberty Inn and King Furniture are also within a few blocks of the site. Samuels Furniture & Interiors showroom and warehouse, U-Haul, a Dollar Tree anchored shopping center and Suntrust Bank are also in the immediate MSA.
TENANT SUMMARY
15
55
40
40
40
55
69
69
269
269
240
240
14
78
72
72
51
51
79
79
79
61
61
61
64
64
177
79
MEMPHISWEST
MEMPHIS
EARLE
ATOK A
MARION
MILLINGTON
ARLINGTON
BAR TLE T T
EAST MEMPHIS
CAPLE VILLESOUTHHAVEN
CORDOVA
OLIVE BRANCH
LAKELAND
GERMANTOWN
ROBINSONVILLE
ARKANSAS
TENNESSEE
MISSISSIPPI
7.5 Miles to Downtown Memphis
LOCATION HIGHLIGHTS
Primary hub and corporate international
headquarters for FedEx Worldwide
Most concentrated area for trade, transportation,
and utilities jobs in the nation
MEMPHIS, TNHOME TO FEDEX WORLDWIDE SHIPPING HUB
Largest city in Tennessee, with a
metro population of 1.33 million
Memphis International Airport is the second-busiest cargo airport
in the worldM A J O R E M P L O Y E R S :
M E M P H I S , T N
FedEx Corporation 30,000
Tennessee State Government 14,800
United States Government 13,500
Shelby County Schools 12,700
Methodist Le Bonheur Healthcare 10,967
Naval Support Activity Mid-South 7,500
Baptist Memorial Healthcare 7,081
Kroger Co. 6,781
The City of Memphis 6,475
Walmart Stores Inc 5,600
2 Miles from the Int’l Airport and the
FedEx Worldwide Hub
16
DEMOGRAPHICS / MEMPHIS, TN
223,138Total Population Within 5-Mile Radius
$60,643Average Household Income
Within 5-Mile Radius
$36,155Median Household Income
Within 5-Mile Radius
88,086Total Households Within
17
Memphis International Airport
Worldwide Hub
18
POPULATION 1 MILE 3 MILES 5 MILES2023 Projection
Total Population 11,084 84,168 216,656
2018 Estimate
Total Population 11,697 86,649 223,138
2010 Census
Total Population 11,586 85,755 221,050
2000 Census
Total Population 14,651 97,639 249,622
Current Daytime Population
2018 Estimate 8,467 113,085 313,255
HOUSEHOLDS 1 MILE 3 MILES 5 MILES2023 Projection
Total Households 4,247 32,396 86,726
2018 Estimate
Total Households 4,400 32,851 88,086
Average (Mean) Household Size 2.65 2.55 2.48
2010 Census
Total Households 4,398 32,789 88,064
2000 Census
Total Households 5,298 37,384 100,069
Occupied Units
2023 Projection 4,247 32,396 86,726
2018 Estimate 5,313 39,541 105,862
HOUSEHOLDS BY INCOME 1 MILE 3 MILES 5 MILES2018 Estimate
$150,000 or More 2.15% 3.88% 6.57%
$100,000 - $149,000 4.07% 4.95% 7.14%
$75,000 - $99,999 5.87% 6.99% 8.36%
$50,000 - $74,999 14.20% 14.35% 15.14%
$35,000 - $49,999 16.04% 14.25% 13.95%
Under $35,000 57.67% 55.55% 48.84%
Average Household Income $41,683 $49,717 $60,643
Median Household Income $29,333 $30,874 $36,155
Per Capita Income $15,713 $19,187 $24,202
HOUSEHOLDS BY EXPENDITURE 1 MILE 3 MILES 5 MILESTotal Average Household Retail Expenditure $39,012 $42,446 $48,128
Consumer Expenditure Top 10 Categories
Housing $10,413 $11,118 $12,356
Transportation $6,811 $7,437 $8,393
Shelter $5,527 $5,897 $6,444
Food $4,075 $4,498 $5,110
Personal Insurance and Pensions $2,929 $3,004 $3,288
Utilities $2,708 $3,234 $4,100
Health Care $2,598 $2,826 $3,364
Entertainment $1,335 $1,551 $1,857
Apparel $1,286 $1,317 $1,573
Household Furnishings and Equipment $1,043 $1,092 $1,161
POPULATION PROFILE 1 MILE 3 MILES 5 MILESPopulation By Age
2018 Estimate Total Population 11,697 86,649 223,138
Under 20 28.74% 28.66% 27.40%
20 to 34 Years 21.85% 25.87% 23.85%
35 to 39 Years 5.74% 6.18% 6.33%
40 to 49 Years 10.79% 10.54% 11.22%
50 to 64 Years 19.28% 17.06% 18.26%
Age 65+ 13.59% 11.67% 12.94%
Median Age 34.53 31.83 34.09
Population 25+ by Education Level
2018 Estimate Population Age 25+ 7,435 53,464 143,870
Elementary (0-8) 6.82% 6.27% 4.66%
Some High School (9-11) 16.22% 12.43% 10.30%
High School Graduate (12) 33.50% 31.62% 28.72%
Some College (13-15) 23.09% 23.34% 23.21%
Associate Degree Only 6.43% 5.00% 4.97%
Bachelors Degree Only 8.17% 12.30% 16.04%
Graduate Degree 3.75% 7.42% 10.78%
19
MEMPHISTENNESSEE
BUILDING PLASTICS, INC
BPI Corporate Headquarters Distribution Facility
LIOR REGENSTREIFSENIOR MANAGING DIRECTOR INVESTMENTS
SENIOR DIRECTOR, NET LEASED PROPERTIES GROUPENCINO OFFICE
Tel: (818) 212-2730Fax: (818) 212-2710
Lior.Regenstreif@marcusmillichap.comLicense: CA 01267761