Southland Mall Photo Gallery

The surrounding trade area within 20 miles encompasses 1,226,000 people, forecasted to increase to 1,267,000 by 2026, with 203,000 households and average income of $45,000. Age distribution shows 31% under 25, 39% aged 25-54, and 30% over 55, indicating a family-focused market with strong representation from African American households (over 70%). This profile favors value-oriented retail in apparel, beauty, and casual dining, though lower incomes limit luxury segment viability and heighten sensitivity to economic fluctuations.

Occupancy rate stands at 78.5%, excluding vacant anchor spaces, with 32 inline units available totaling over 50,000 square feet. Rent levels average $15 per square foot NNN, ranging $12-18 based on size and location, competitive against Memphis retail average of $15.60. Lease structures provide 5-10 year terms with options for renewal and TI allowances up to $20 per square foot for qualifying tenants, enabling cost-effective expansion in a market with moderate operational costs but potential for sales per square foot around $300 annually in budget categories.

Excellent accessibility via major interstates I-55 and I-240, with 47,000 daily passing vehicles and proximity to residential densities supporting 20,000-30,000 weekly footfall estimates. Competition includes larger venues like Wolfchase Galleria (upscale, 1.2M sq ft) and Oak Court Mall, drawing higher-income shoppers northward, alongside e-commerce pressures reducing physical visits. Risks involve aging infrastructure from 1966 construction, occasional security concerns in the urban setting, and category saturation in discount apparel, potentially capping growth without targeted repositioning toward experiential retail.