Memphis, TN

Why Memphis?

Memphis is the largest city in Tennessee. It is served by two national interstate highways: I-40 and I-55. Together these two interstates provide north-south and east-west access across the entire country, connecting ports, gateways, and other major distribution centers. These two interstates are being supplemented with two additional interstates, I-69 and I-22, as well as a regional interstate bypass to provide increased highway capacity for the coming decades. I-69 is the so-called “NAFTA Highway,” which will extend from Canada to Mexico, passing through Memphis. It has been identified as a “Highway of National Significance.” When completed, I-22 will be an important route connecting Memphis to Birmingham and Atlanta. This is why Memphis has more than 400 trucking companies enabling local operations that provide easy access to local, long distance, truckload, less than truckload, and specialized freight options.

Located less than 500 miles from the mean center of U.S. population, Memphis is well-positioned to serve a major portion of the country. In fact, 36% of the country can be reached overnight and almost 70% can be reached by the second day. Bottom line: these are well-paying jobs that provide the backbone of our economy. The 4 R’s (railway, roads, rivers and runways) are here to stay! In addition, the Memphis market is experiencing a huge commercial boom with $4 billion worth of “major recreational, medical, educational, tourism, and lifestyle-oriented projects” that have either been recently completed or are currently in progress. These projects will significantly affect the economic growth and quality of life in Memphis.

Fast Facts

  • Market Stability: #7 in Property Appreciation 2014 (RealtyTrac)

  • Top 10 Hottest Real Estate Market for 2016 – CNN January 2016

  • # 1 Most Profitable City to Invest – Wall Street Journal 2013

  • # 1 Place to Buy Rental Homes – RealtyTrac 2013

  • Acquisition price vs. rental amount is favorable for excellent cash flow

  • Low Property Taxes

  • Linear market provides steady cash flow

  • Favorable Landlord Laws

  • Backbone of the Economy-Logistics

  • Memphis is one of only three U.S. cities that is served by five Class I railroads. These include the Norfolk Southern, Burlington Northern Santa Fe, Canadian National, Union Pacific, and CSX.

  • All the railroads have identified Memphis as a high-growth market for intermodal traffic, and four of them have invested significantly to expand the capacity of their terminals.

Metro Profile

42nd

MSA Population Ranking: 1,344,127

stats from en.wikipedia.org

$40,201

Median Household Income

stats from en.wikipedia.org

2.06%

Average Annual Appreciation Rate

stats from www.neighborhoodscout.com

Properties in Memphis

Find Us

18765 SW Boones Ferry Rd.
Suite 325
Tualatin OR 97062

P: 503-217-2444
T: 855-290-2444
F: 503-655-3318
E: invest@northpeakinvest.com

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