Investment Highlights

Organic Rent Growth: A 1 bed unit at the property was recently leased for $500. New ownership will have the opportunity to increase income through raising rents as units turnover.

Light Value-Add Opportunity: New ownership will have the opportunity to add value to Brookfield by updating the interiors, including flooring, countertops, appliances, or painting cabinets.

Positive Market Fundamentals: According to CoStar, rents in Jackson have increased by 3.9% over the past 12 months and average vacancy has held at 3.8%, well below the regional and national benchmarks.

Central Location to Major Demand Drivers: Brookfield is centrally located near Jackson’s major demand drivers, including:

  • Old Hickory Mall: 538,991 SF | Macy’s, Belk, JCPenney | 60+ stores
  • The Columns & Surrounding Retail: 600,000 SF | Bed Bath & Beyond, Old Navy, Dick’s Sporting Goods, Kohl’s, Best Buy, Home Depot, Kirkland’s | 40+ stores
  • West Towne Commons: 262,970 SF | Kroger, Target, TJ Maxx, Academy Sports, Shoe Carnival | 15+ stores
  • Jackson Madison County General Hospital: 642 beds; 7,000 employees make up West Tennessee Healthcare, the majority of whom staff Jackson-Madison County General Hospital
  • Union University: 3,377 students; over 800 employees
  • Jackson State Community College: 4,928 students; over 400 employees

 
Proximity to Major Employers: Brookfield is within a 30 minute drive of over 80,000 jobs, highlighted by:

  • West Tennessee Healthcare: 7,000 jobs
  • Delta Faucet Company: 1,149 jobs
  • The Kellogg Company: 900 jobs
  • Stanley Black & Decker: 825 jobs
  • Union University: 824 jobs

Recent Industrial Growth: New and existing industries have created 6,463 jobs in Jackson in the last 10 years, representing over $1.4 billion in new investment into Jackson.

West TN Business Hub: Located along I-40, Jackson is a regional hub of over 300,000 people, offers extensive access to rail transportation, and is within an hour of three intermodal facilities as well as the 2nd largest inland water port, the International Port of Memphis.

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