ABOUT MEMPHIS

Memphis, Tennessee is located adjacent to one of the world’s greatest rivers, the Mississippi River, and is in the southwest corner of the state, bordered by Arkansas and Mississippi. The MSA of Memphis consists of nine counties – Shelby, Tipton, Fayette in Tennessee, DeSoto, Tate, Tunica, Marshall and Benton in Mississippi and Crittenden in Arkansas – and a population of 1,371,641. The Memphis Population is approximately 643,000 and the population of Shelby County is approximately 957,457.

Memphis thrives on economic diversity and its population is fueling the drive into the 21st century. From banks to biotechnology to logistics, Memphis is home to a range of businesses. Three Fortune 500 companies call Memphis home (FedEx, International Paper and AutoZone).   Memphis is known worldwide as “America’s Aerotroplis”. The Memphis airport is the second busiest cargo airport in the world (Hong Kong is number one.) It is the single largest economic driver in the state of Tennessee with an economic impact of $23.3 billion annually. The medical community is also a big drive for our economy. St. Jude Children’s Research Hospital, The University of Tennessee Medical School and “The Med” are all based in Memphis as well.

Memphis has four regional retail trade areas –Oak Court/East Memphis, Wolfchase, Southaven (MS) and SE Memphis/Collierville. Each trade area has a regional mall or regional open-air project with at least two department stores.   Retail activity in Memphis is flourishing. The total trade area consists of approximately 41.4 million square feet and the occupancy level is estimated to be 89%. Wolfchase (NE) is our largest trade area with over 7 million square feet. The Southaven, MS trade area continues to be a major growth area both in residential and commercial growth. Memphis is also home to one of the first lifestyle centers ever built in the US. Saddle Creek was built in Germantown in 1986 and is home to Apple, Anthropologie, Brooks Brothers and other high-end retailers.

The Memphis area offers tourists history, music, and plenty of outdoor activities. Beale Street, Graceland, National Civil Rights Museum, Pink Palace Museum, Mud Island Park, AutoZone Park, Rock ‘n’ Soul Museum, Memphis Zoo, Stax Museum, Sun Studios, and the FedEx Forum all call Memphis home and attract more than 11.5 million visitors each year. An estimated $3.2 billion is spent by visitors each year.

SUMMARY DEMOGRAPHIC PROFILE

POPULATION
 5 MILES10 MILES20 MILES
2021 Projected Population88,115287,1731,011,578
2016 Total Population84,450278,301982,955
2015 Total Population84,156282,245972,516
2010 Total Census Population80,114272,931949,720
2016 Group Quarters Population6506,89018,715
2010-2016 Population: Ann Growth Rate0.00950.00670.0059
2015-2020 Population: Ann Growth Rate0.00920.00660.0055
2016 Male Population40,826134,978473,565
2016 Female Population43,625143,322509,390
2016 Median Age36.837.435.9
HOUSEHOLDS
 5 MILES10 MILES20 MILES
2021 Projected Households32,111105,498380,280
2016 Total Households30,834102,448370,029
2016 Owner Occupied Housing Units22,87472,282218,074
2015 Median Home Value253,512245,442196,244
INCOME
 5 MILES10 MILES20 MILES
2015 Average Household Income$98,939$95,062$73,088
2015 Median Household Income$79,347$71,483$51,727
AWG Rates The Lake District Consumer Population Higher than National Average
  • An American Wholesale Grocers (AWG) study for independent grocers showed a median income of $102k within a 3-mile radius of The Lake District, a higher income than most cities.
  • AWG estimates that 85% of grocery business will come from the trade area, which is considered ABOVE the national average.

 

TOP TEN TRAFFIC VOLUME INTERSECTIONS
1Walnut Grove Rd & Germantown Pkwy 98749
2Walnut Grove Rd & Humphreys Blvd/Wolf River Blvd 87585
3Germantown Rd & Wolf River Blvd 78107
4Poplar Ave & Ridgeway Rd 76675
5Germantown Pkwy & Trinity Rd69565
6Germantown Pkwy & US Hwy 6468676
7US Hwy 78 & Goodman Rd (Olive Branch)63000
8Winchester Rd & Hacks Cross Rd62518
9Goodman Rd & Airways Blvd (Southaven)61000
10Germantown Pkwy & Dexter Rd57247
BUSINESS
 5 MILES10 MILES20 MILES
2016 Total Businesses2,5279,36737,938
2016 Total Employees34,841121,786556,328
TOP EMPLOYERS
Ranked by # of employees  # of Employees
1FedEx 32000
2 Shelby County Schools16000
3Tennessee State Government14400
4U.S. Government13900
5 Methodist Healthcare10175
6 Baptist Memorial Health Care Corp.8587
7City of Memphis6848
8Walmart Stores 6000
9Shelby County Government5662
10 Naval Support Activity Mid-South4600
11 The Kroger Company3966
12University of Tennessee Health Science Center3911
13Desoto County School District3775
14 St. Jude Children’s Hospital3676
15Technicolor3500
16Caesars Entertainment3000
17Century Management Inc.2800
18Memphis Light, Gas & Water2727
19The University of Memphis2438
20 The ServiceMaster Co.2411
21First Horizon National Corp.2300
22International Paper Co.2300
23Veterans Affairs Medical Center2185
24Saint Francis Healthcare2090
25 Regional Medical Center At Memphis2078
EDUCATIONAL ATTAINMENT
 5 MILES10 MILES20 MILES
2015 Pop Age 25+: Some College14,186 (25.5%)46,965 (24.9%)151,845 (23.9%)
2015 Pop Age 25+: Associate’s Degree4,651 (8.4%)14,380 (7.6%)42,475 (6.7%)
2015 Pop Age 25+: Bachelor’s Degree15,045 (27.1%)47,469 (25.1%)120,101 (18.9%)
2015 Pop Age 25+: Graduate/Professional Degree8,436 (15.2%)29,121 (15.4%)77,215 (12.2%)
POPULATION BY RACE
 5 MILES10 MILES20 MILES
2016 White Population53,364 (63.2%)172,125 (61.9%)445,426 (45.3%)
2016 Black/African American Population23,511 (27.8%)80,238 (28.8%)453,709 (46.2%)
2016 American Indian/Alaska Native Population207 (0.25%)672 (0.24%)2,455 (0.25%)
2016 Asian Population3,554 (4.2%)11,184 (4.02%)26,447 (2.7%)
2016 Pacific Islander Population46 (0.05%)148 (0.05%)605 (0.06%)
2016 Other Race Population1,860 (2.2%)7,834 (2.8%)36,371 (3.7%)
2016 Hispanic Population4,212 (5.0%)16,067 (5.8%)63,121 (6.42%)

MEMPHIS - SHELBY COUNTY OVERVIEW

DEMOGRAPHIC SUMMARY (2012 ESTIMATES)
 PopulationAverage HH IncomeHouseholds
MSA1,371,641$68,731510,347
County957,457$70,532361,310
NEWSPAPER – The Commercial Appeal Circulation
DailySunday
Print 104,676Print 136,160
Print / Electronic 145,452Print / Electronic 177,483
Readership 280,959Readership 431,606
MEMPHIS MSA
Fayette (TN)Crittenden (AR)Benton (MS)Tate (MS)
Shelby (TN)Desoto (MS)Tunica (MS)
Tipton (TN)Marshall (MS)
DESIGNATED MARKETING AREA FOR TELEVISION
Chester (TN)Tipton (TN)Tippah (MS)
Crockett (TN)Alcorn (MS)Tunica (MS)
Dyer (TN)Benton (MS)Crittenden (AR)
Fayette (TN)Coahoma (MS)Cross (AR)
Gibson (TN)Desoto (MS)Lee (AR)
Hardeman (TN)Lafayette (MS)Mississippi (AR)
Haywood (TN)Marshall (MS)Phillips (AR)
Lauderdale (TN)Panola (MS)Poinsett (AR)
McNairy (TN)Quitman (MS)St. Francis (AR)
Shelby (TN)Tate (MS)Pemiscot (MO)
AREA COLLEGES AND UNIVERSITIES
InstitutionLocation2013 Fall Enrollment
University of MemphisMemphis21650
Southwest TN Community CollegeMemphis10740
Northwest Mississippi Community CollegeSenatobia, MS8022
University of Phoenix, Memphis CampusMemphis3200
University of TN – Health Science CenterMemphis2632
Rhodes CollegeMemphis1950
Victory UniversityMemphis1950
Mid-South Community CollegeWest Memphis, AR1943
Christian Brothers UniversityMemphis 1580
Bethel UniversityMemphis1213
Baptist College of Health SciencesMemphis1101
Tennessee College of Applied TechnologyMemphis1000
Concorde Career CollegeMemphis980
Lemoyne-Owen CollegeMemphis946
Rust CollegeHolly Springs, MS936
Union University – Germantown CampusGermantown825
Vatterott Career CollegeMemphis790
University of Mississippi – Desoto CampusSouthaven, MS731
Anthem Career CollegeMemphis684
Remington College – Memphis CampusMemphis641
ITT Technical InstituteCordova563
Southern College of OptometryMemphis508
Memphis College of ArtMemphis429
Belhaven UniversityMemphis425
National College of Business & TechnologyMemphis392

MEMPHIS REGIONAL MALLS

GENERAL MALL INFORMATION
MallOwnerSquare FootageSalesAnchor Stores
Wolfchase GalleriaSimon Property Group1,100,000$454 / SFDillard’s

Macy’s

JCPenney

Sears
Oak CourtSimon Property Group721,000$330 / SFDillard’s

Macy’s
Carriage CrossingPoag729,000$300 / SFDillard’s

Macy’s
Southaven Towne CenterCBL700,000$330 / SFDillard’s
JCPenney
 Population
5 Miles
Median HH Income
5 Miles
Households
5 Miles
Wolfchase Galleria 1496376523556878
Oak Court 2336674990091300
Carriage Crossing802639585428843
Southaven Towne Center1040955011537432