It is easy for us to be pro-Memphis as we live here and are actively invested, and we have a diverse group of investors from around the world that shares our opinions. We currently manage homes for investors from eight countries and from all across the continental United States and Hawaii. Simply put, Memphis is on the map as a cash flow market. Memphis makes sense because:
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.
Additionally, Memphis 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!
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.
NBA All Star Zach Randolph says it best: