5755 North Point Parkway, Suite 262
Alpharetta, GA 30022
770.481.1960
www.shanegroup.net
HICKORY RIDGE COMMONS HICKORY RIDGE COMMONS
6211 Winchester Road, Memphis, TN
The Shane Investment Property Group, LLC. has been engaged as the exclusive agent and representative of the Owner. No
contacts shall be made by any prospective purchaser or agents to the Owner, its executives, personnel or related entities.
This Investment Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expressly
reserves the right, at its sole discretion, to reject any or all expressions of interest to purchase the Property and expressly reserves
the right, at its sole discretion, to terminate discussions with any entity at any time with or without notice. The Owner shall have no
legal commitment or obligation to any entity reviewing the Investment Offering Brochure or making an offer to purchase the
Property unless and until the Owner executes and delivers a signed Purchase Agreement on terms acceptable to the Owner, at
Owner’s sole discretion. By submitting an offer, a prospective purchaser will be deemed to have acknowledged the foregoing and
agrees to release the Owner from any liability with respect hereto.
The enclosed materials are being provided solely to facilitate the prospective purchaser’s own due diligence for which the
purchaser shall be fully and solely responsible.
Neither the Shane Investment Property Group, LLC. Nor the Owner make any representation or warranty, express or implied, as to
the accuracy or completeness of the information contained herein, and nothing contained herein shall be relied upon as a promise
or representation as to the future performance of the Property. This Investment Offering Brochure ay include certain statements
and estimates by the Shane Investment Property Group, LLC. With respect to the projected future performance of the Property.
These assumptions may or may not be proven to be correct, and there can be no assurance that such estimates will be achieved.
Further, the Shane Investment Property Group, LLC. And the Owner disclaim any and all liability for representations or warranties,
expressed or implied, contained in or omitted from this Investment Offering Brochure, or any other written or oral communication
transmitted or made available to the recipient. The recipient shall be entitled to rely solely on those representations and
warranties that may be made to it in any final, fully executed and delivered Purchase Agreement between it and the Owner.
The information contained herein is subject to change without notice and the recipient of these materials shall not look to the
Owner or the Shane Investment Property Group, LLC., nor any of their officers, employees, representatives, independent
contractors or affiliates, for the accuracy or completeness thereof. Recipients of this Investment Offering Brochure are advised
and encouraged to conduct their own comprehensive review and analysis of the Property.
CONFIDENTIALITY STATEMENT
6211 Winchester Road, Memphis, TN 770.481.1960 | www.shanegroup.net
HICKORY RIDGE COMMONS
6211 Winchester Road, Memphis, TN 770.481.1960 | www.shanegroup.net
HICKORY RIDGE COMMONS
See accompanying Confidentiality Statement.
INVESTMENT SUMMARY
PHOTOGRAPHS
PHOTOGRAPHS
RENT ROLL SUMMARY
FINANCIAL SUMMARY
AREA INFORMATION
LOCATION MAP
DEMOGRAPHICS
AERIALS
INVESTMENT OVERVIEW
Hickory Ridge Commons is a dominant 246,440 square foot regional shopping center and outparcels anchored by El Mercadito and
a mix of local and national tenants including Fed Ex Office, City Gear, and Game Stop. It is 65% leased and will be sold at a fraction
of replacement cost. There is significant upside to an investor who can lease the vacant spaces at the lowest rents in the market.
The property is being offered at $26/SF, well below replacement cost. Cash-on-cash returns on in-place income will exceed 20%.
The center has excellent visibility and frontage on Winchester Road, a major east west thoroughfare with 34,646 cars traveling in
front of the center per day. The property is located roughly twenty miles east of downtown Memphis, TN in a densely populated
area with a population of over 99,000 within a three mile trade area. The immediate area is thriving with the following retailers
HIGHLIGHTS
Value Add Investment Below Cost: $26/SF
In-Place Income: 20% (10.95% CAP) Return while Re-Tenanting
Upside: 86,430 Space Available to Lease Up
Densely Populated Area—200,000+ Residents within 5 Miles
Potential to Spin-Off Outparcels ($4M Approximate Value)
PRICE: $6,500,000 | CAP RATE: 10.95% Current, 14.69% Proforma
AREA INFORMATION
Memphis is the county seat of Shelby County, which is the largest county in Tennessee in terms of population (Over 927,000) and
geographic area. Home to Federal Express, which is both the city and county's largest employer (31,000 People), Shelby County is
also home to some of Tennessee's most popular tourist destinations, which include Graceland (over 600,000 visitors per year), and
the National Civil Rights Museum.
Memphis is a heavily populated city (206,839 within a 5 mile radius) and a major cargo port. The city is home to Memphis
International Airport, which is the 2nd busiest cargo airport in the world.
PRICE/SF: $26 | BUILDING: 246,440 SF | LAND: 25.45 ACRES | YEAR BUILT: 1992
3-Mile Demographics: Population : 99,187 | Daytime Population: 41,226 | Average HH Income $57,546
6211 Winchester Road, Memphis, TN 770.481.1960 | www.shanegroup.net
HICKORY RIDGE COMMONS
See accompanying Confidentiality Statement.
INVESTMENT SUMMARY
PHOTOGRAPHS
PHOTOGRAPHS
RENT ROLL SUMMARY
FINANCIAL SUMMARY
AREA INFORMATION
LOCATION MAP
DEMOGRAPHICS
AERIALS
PHOTOGRAPHS
6211 Winchester Road, Memphis, TN 770.481.1960 | www.shanegroup.net
HICKORY RIDGE COMMONS
See accompanying Confidentiality Statement.
INVESTMENT SUMMARY
PHOTOGRAPHS
PHOTOGRAPHS
RENT ROLL SUMMARY
FINANCIAL SUMMARY
AREA INFORMATION
LOCATION MAP
DEMOGRAPHICS
AERIALS
PHOTOGRAPHS
6211 Winchester Road, Memphis, TN 770.481.1960 | www.shanegroup.net
HICKORY RIDGE COMMONS
See accompanying Confidentiality Statement.
INVESTMENT SUMMARY
PHOTOGRAPHS
PHOTOGRAPHS
RENT ROLL SUMMARY
FINANCIAL SUMMARY
AREA INFORMATION
LOCATION MAP
DEMOGRAPHICS
AERIALS
AERIAL SITE LAYOUT
6211 Winchester Road, Memphis, TN 770.481.1960 | www.shanegroup.net
HICKORY RIDGE COMMONS
See accompanying Confidentiality Statement.
INVESTMENT SUMMARY
PHOTOGRAPHS
PHOTOGRAPHS
RENT ROLL SUMMARY
FINANCIAL SUMMARY
AREA INFORMATION
LOCATION MAP
DEMOGRAPHICS
AERIALS
AERIAL SITE LAYOUT
City Gear
Not a Part
(Building demolished)
Not a Part
Lipstix Entertainment
Klassy Kids Academy El Mercadito
Vacant
Va
can
t
Suits U
School Uniform Central
Red Zone Sports Bar
Super King Buffet
Banquet Hall
FedEx
GameStop
Family Dollar
6211 Winchester Road, Memphis, TN 770.481.1960 | www.shanegroup.net
HICKORY RIDGE COMMONS
See accompanying Confidentiality Statement.
INVESTMENT SUMMARY
PHOTOGRAPHS
PHOTOGRAPHS
RENT ROLL SUMMARY
FINANCIAL SUMMARY
AREA INFORMATION
LOCATION MAP
DEMOGRAPHICS
AERIALS
AERIAL MAP
6211 Winchester Road, Memphis, TN 770.481.1960 | www.shanegroup.net
HICKORY RIDGE COMMONS
See accompanying Confidentiality Statement.
INVESTMENT SUMMARY
PHOTOGRAPHS
PHOTOGRAPHS
RENT ROLL SUMMARY
FINANCIAL SUMMARY
AREA INFORMATION
LOCATION MAP
DEMOGRAPHICS
AERIALS
RENT ROLL
START EX PIRATION
Interior Building 1
Vacant 24,459 9.92% $110,066 $4.50
Vacant 58,771 23.85% $176,313 $3.00
Lipstix Entertainment 16,028 6.50% Sep-14 Feb-20 $66,000 $4.12 Gross None
Klassy Kids Academy 9,440 3.83% Oct-14 Mar-20 $66,000 $6.99 Gross None
El Mercadito 30,170 12.24% Sep-11 Mar-22 $108,000 $3.58 Gross None
Expansion
El Mercadito 35,424 14.37% Apr-06 Aug-21 $132,840 $3.75 Gross None
Interior Building 2
Super King Buffet 9,610 3.90% Sep-02 Dec-15 $98,466 $10.25 $18,990 None
Banquet Hall 10,037 4.07% Dec-14 Apr-19 $54,000 $5.38 Gross 11%
Visions Barber 2,943 1.19% Feb-11 Jan-16 $30,600 $10.40 Gross None
Outparcel Building 1
Essentials Beauty Supply 4,957 2.01% Jan-11 Apr-16 $48,000 $9.68 Gross None
Essentials Beauty Hair Salon 2,000 0.81% Jan-11 Apr-16 $24,000 $12.00 Gross None
Suits U 5,010 2.03% Apr-07 Mar-17 $30,000 $5.99 Gross None
School Uniform Central Expansion 3,200 1.30% Feb-06 Jun-19 $30,000 $9.38 Gross None
School Uniform Central 4,000 1.62% Jul-03 Jun-19 $36,000 $9.00 Gross None
Red Zone Sports Bar 10,390 4.22% Dec-13 Sep-19 $72,000 $6.93 Gross 8%
Vacant 3,200 1.30% $25,600 $8.00
Outparcel Building 2
Fed Ex Office 3,700 1.50% Mar-92 May-17 $17,945 $4.85 $7,371 None
Goldman Signature 2,100 0.85% Jun-09 Jun-16 $26,400 $12.57 Gross None
AAA Cash Fast 1,409 0.57% Jun-01 Jun-20 $23,953 $17.00 $3,046 None
Gamestop 1,192 0.48% Jan-99 Jan-17 $17,880 $15.00 $2,367 None
Outparcel Building 3
City Gear 8,400 3.41% Mar-08 Feb-21 $109,200 $13.00 Gross None
246,440 $31,774
64.93% 160,010 76.06% $991,284 $6.20 $31,774
35.07% 86,430 23.94% $311,979 $3.61
1 x 5yr
6305
6301
6211 None
6245
6227
6225
6223
6231
6281
6279 1 x 5yr
1 x 5yr
1 x 5yr
None
None
1 x 2yr
None
None
None
None
2 x 3yr
None
None
3678 None
3674 1 x 5yr
3744
3750
3679
6297
6293
3668
3766
$1,303,263
TENANT OPTIONS
ANNUAL
RENT/SQ. FT. ESCALATIONS
ESTIMATED
RECAPTURE
SQUARE
FOOTAGE
ANNUAL
BASE RENT
% OF
CENTER
LEASE TERM
3762
3745
6211 Winchester Road, Memphis, TN 770.481.1960 | www.shanegroup.net
HICKORY RIDGE COMMONS
See accompanying Confidentiality Statement.
INVESTMENT SUMMARY
PHOTOGRAPHS
PHOTOGRAPHS
RENT ROLL SUMMARY
FINANCIAL SUMMARY
AREA INFORMATION
LOCATION MAP
DEMOGRAPHICS
AERIALS
FINANCIAL SUMMARY
B u i l d i n g
Price: Year Built: 1992
Down Payment: Building Square Feet: 246,440
Current CAP: Land Parcel (Acres): 25.45
Market CAP:
T e n a n t s
First Loan Amount:
Interest Rate:
Amortization:
Term:
Monthly Payment:
Loan information is proposed only
E x p e n s e sProforma Rents
Scheduled Gross Income 1,303,263$ 1,303,263$ 93,240$
Plus Overage 50,000 50,000 24,480
Plus Recapture 31,774 31,774 18,000
Total Income 1,385,037$ 1,385,037$ 65,335
Less Vacancy 311,979 22.5% 69,252 5.0% 14,000
Gross Operating Income 1,073,058$ 1,315,785$ 6,295
Less Expenses 361,067 361,067 11,000
Net Operating Income 711,991$ 954,718$ 32,200
Loan Payments 303,485 303,485 18,000
Pre Tax Cash Flow 408,507$ 20.9% 651,233$ 33.4% 36,966
Plus Principal Reduction 100,797 100,797 3.0% 41,551
Total Return Before Taxes 509,303$ 26.1% 752,030$ 38.6% Total Expenses 361,067$
3 City Gear
R e t u r n
Taxes
Insurance
Utilities
Landscaping/Sweeping
Telephone - Monitoring
Management
Fire Protection
14.69%
$26.38
$5.29
L o a n I n f o r m a t i o n
Annual Rent per Square Foot:
Fed Ex Kinko's Office25
Reserves ($0.15 PSF)
Current Rents
Super King Buffet$25,290.38
Red Zone Sports Bar
Repairs & Maintenance
Ground Security
Security Monitoring
El Mercadito
Gamestop4.50%
$4,550,000
$6,500,000
Cost per Gross Square Foot:
30.00%
10.95%
$1,950,000
F i n a n c i a l
6211 Winchester Road, Memphis, TN 770.481.1960 | www.shanegroup.net
HICKORY RIDGE COMMONS
See accompanying Confidentiality Statement.
INVESTMENT SUMMARY
PHOTOGRAPHS
PHOTOGRAPHS
RENT ROLL SUMMARY
FINANCIAL SUMMARY
AREA INFORMATION
LOCATION MAP
DEMOGRAPHICS
AERIALS
AREA INFORMATION
Also known as the River City, Memphis had a population of 655,155 in 2012 making it the largest city in the state of Tennessee, and
the largest city on the Mississippi River, the third largest in the Southeastern United States. Memphis Tennessee's tourist
destinations include a number of well-known museums, fine art galleries, and parks, as well as Graceland, the former home of Elvis
Presley, the Beale Street entertainment district, and a number of recognized sporting events. Graceland is one of the most visited
houses in the United States, attracting over 600,000 domestic and international visitors a year (second only to the White House).
Memphis' central location has led to much of its business development. Located on the Mississippi River and
intersected by five major freight railroads and two interstate Highways, I-40 and I-55, Memphis is ideally
located for commerce in the transportation and shipping industry. The city is home to Memphis International
Airport, the world's second busiest cargo airport (following Hong Kong), which serves as a primary hub for
FedEx Express shipping.
Economy
Highlights University of Memphis Memphis International Airport (2nd Busiest Cargo Airport)
Attractive Tourist Destinations Largest City on the Mississippi River Home to Federal Express Headquarters Major Employers
The River CityThe River CityThe River City
6211 Winchester Road, Memphis, TN 770.481.1960 | www.shanegroup.net
HICKORY RIDGE COMMONS
See accompanying Confidentiality Statement.
INVESTMENT SUMMARY
PHOTOGRAPHS
PHOTOGRAPHS
RENT ROLL SUMMARY
FINANCIAL SUMMARY
AREA INFORMATION
LOCATION MAP
DEMOGRAPHICS
AERIALS
LOCATION MAPS
6211 Winchester Road, Memphis, TN 770.481.1960 | www.shanegroup.net
HICKORY RIDGE COMMONS
See accompanying Confidentiality Statement.
INVESTMENT SUMMARY
PHOTOGRAPHS
PHOTOGRAPHS
RENT ROLL SUMMARY
FINANCIAL SUMMARY
AREA INFORMATION
LOCATION MAP
DEMOGRAPHICS
AERIALS
DEMOGRAPHICS
One Mile Three Miles Five Miles Notes
2015 Population 17,956 99,187 206,839 2000 Population 17,415 96,868 190,348 5 Year Projected 18,578 101,987 213,103 Growth Over the Past 15 Years 3.11% 2.39% 8.66%Projected Growth Over the Next 5 Years 3.46% 2.82% 3.03%
2015 Households 7,330 36,472 79,055 % Owner Occupied 16.30% 42.90% 49.80%% Renter Occupied 64.70% 44.50% 39.70%2000 Households 7,719 37,975 74,698 5 Year Projected 7,552 37,444 81,422 Growth Over the Past 15 Years -5.04% -3.96% 5.83%Projected Growth Over the Next 5 Years 3.03% 2.67% 2.99%
2015 Average Household Income $38,171 $57,546 $74,818 5 Year Projected $43,329 $64,793 $83,557 Projected Growth Over the Next 5 Years 13.51% 12.59% 11.68%
2012 United Stated Average Household Income $77,190
Employment & Establishments
2015 Employees/Daytime Population 5,891 41,226 156,824 2015 Total Establishments 699 3,364 10,136
White 11.00% 18.00% 32.90%Black 78.50% 72.40% 57.60%American Indian/Eskimo 0.20% 0.20% 0.20%Asian/Pacific Islander 0.70% 1.50% 2.40%Other Race 7.90% 6.40% 5.50%
Hispanic Ethnicity 11.70% 9.60% 8.60%
Race
Population
Households
Income
5-mile population
exceeds 200,000
Daytime population
of over 41,000
employees
5-mile average
household income
exceeds $ 74,000