Bass Pro and Memphis Investors
February 3rd, 2012 -- by Ryan TuckerOne of the first questions out-of-town investors ask is, “How stable is Memphis’ economy?” They want to know that jobs are being created and that income will be generated to pay rents and purchase properties.
Over the past decade several large headquarters have moved to Memphis including Fed Ex and Auto Zone. Both of which, brought in new Memphis residents, created a need for housing, and boosted the local economy. Historically, because of its location, Memphis has been known as a ‘melting-pot’ – a diverse city built from industry and growth.
Now as Memphis looks toward the future, yet another large company will be bring more jobs and more tax revenue to Memphis. Bass Pro has purchased a large property downtown and is slated to have the large facility completed in 2013. This new business will create hundreds of jobs and have a million-dollar impact on Memphis.
While Bass Pro will be located downtown, many individuals who will be transferred to this new store will likely want to live in the suburbs. The interstate system in Memphis is great and most suburb-to-downtown commutes can be done within 30 minutes.
With 2012 in front of us and a predicted influx of foreclosures, now is the time to invest.
Contact us today for more information or check out our available properties and get bidding.
Read more about Bass Pro and its new store.
Tags: Bass Pro comes to Memphis, Investing In Real Estate, Is Memphis a good place to Invest?, Memphis economy