Covington Corner WMT Anchored Shopping Center Listing Details & Market Data

Covington Corner is a Walmart Shadow Anchored Shopping Center. This property offers investors a stable investment with excellent future upside in bringing current rents to market rates. It's strategically located within 15 minutes of the new $6B Ford Blue Oval City Factory Development. Blue Oval is the largest economic development project in Tennessee history. The Covington Corner Shopping Center lies less than 40 miles from the Greater Memphis- MSA.32,082-Square Foot Walmart-Shadow Shopping Center It’s $185ft Price is $70ft Under Replacement Cost Under Market Rents: Long-Term Tenants Average $14ft vs. Last Two Leases at $18+ 60% of the GLA Rolls Without Options in the Next 5 Years, 90% Rolls in 10 Years Standing Seam Metal Roof in Very Good Condition, No Major CapEx Required Located 15 minutes from the Largest Economic Development in TN History, Ford's “Blue Oval” City Factory 6K Jobs Coming to Trade Area - Ford’s $6bn Blue Oval City Factory Excellent Ingress/Egress, Signage, Superb Visibility