South Terrace Plaza

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South Terrace Plaza

5076-5084 South terrace
Chattanooga, TN

Price: $5,515,000

Cap: 8.00%

NOI: $441,157

Building Size: 46,700 SF

Lot Size: 4.07 AC

Investment Highlights

SOUTH TERRACE PLAZA

• The subject property is a 46,700 square foot retail center in a dense suburban pocket of Chattanooga, TN

• Shadow Anchored to AMC Movie Theater, At Home, and TNT Fireworks

• High Traffic Interstate location

• Seasoned tenant lineup

• Average Rent: $10.17/SF

HIGH VOLUME SHADOW ANCHORS

• The property is shadow anchored by an AMC movie theater that sees 432K visits per year

• It is the #3 most visited AMC in the state of Tennessee (14 locations) and the #1 most visited movie theater in a 50-Mile Radius (10 Theaters)

• Adjacent to the Movie theater is a two tenant At Home/TNT Fireworks, which sees 250K visits per year

HIGHLY TRAFFICKED INTERSTATE LOCATION IN DENSE MARKET

• Property is positioned where I-75 turns into I-24, two major highway systems of Chattanooga

• The property is located at the intercept position and has 116,360 vehicles per day passing directly in front of the site

• South Terrace Plaza has frontage, visibility, and direct access to I-24

• This is a hyper-dense suburban pocket of Chattanooga, with a population of over 60,000 in the surrounding 3-Mile Radius

• There are 26,000+ households in a 3-Mile radius, all which have close proximity to the I-75/I-24 highway system

SEASONED TENANT LINEUP

• South Terrace Plaza boasts a seasoned tenant lineup of well performing tenants anchored by Dollar Tree

• Average Tenant Occupancy: 23 Years

• Leasing Momentum: Seller has executed 6 new leases or renewals in the last 12 months

Zach Taylor

678-808-2780 | EMAIL >

Eric Abbott

678-808-2746 | EMAIL >

OFFERING MEMORANDUM

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