Overview
NAI Global and NAI Charter, as exclusive advisors to the Owner, are pleased to offer the opportunity to acquire Old Hickory Mall (the “Property” or “Mall”) located within the heart of Jackson, TN. The Property sits on approximately 44.6 acres of prime real estate just 2 miles away from Interstate 40 and within the planned Jackson Plaza Events and Entertainment District. Old Hickory Mall represents a unique opportunity to acquire a large tract of land that is ideally
suited for mixed-use redevelopment which could include a significant multifamily component. All of the land is owned in fee with Belk owning its own building subject to a ground lease.
Investment Highlights
Strategically Located
Old Hickory Mall’s value is rooted in where it sits within West Tennessee’s transportation, population, and economic framework. The Mall is positioned between Memphis and Nashville, two of the Southeast’s most important logistics, healthcare, and employment hubs. The mall is located just south of I-40, the most heavily traveled eastwest corridor in the United States.
Desirable Tract of Land
One of the largest contiguous developable sites in West Tennessee’s dominant retail and entertainment corridor, ideally suited for adaptive reuse or redevelopment beyond traditional retail.
City-Wide Support For Redevelopment
Jackson has formally embedded the Old Hickory / Jackson Plaza area into its long-term civic and economic development strategy. The City has advanced a vision for an Events and Entertainment District, and they have already begun implementing strategies by acquiring property in the Jackson Plaza area, allocating planning resources, and has engaged a national development advisor.
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Sales Team
