Walmart Shadow Center

Walmart Shadow Center

541 Signal Mountain Road
Chattanooga, TN

Price: $8,800,000
Cap: 7.00%
NOI: $615,784
Building Size: 52,197 SF
Lot Size: 7.15 AC

Investment Highlights

WALMART SUPERCENTER SHADOW CENTER
• The property is a 52,197 SF Walmart Shadow Anchored retail center located in Chattanooga, TN
• The property is 88% leased and includes a complimentary mix of restaurants, service tenants, and national brands such as Dollar Tree, CATO, PetSense, and more
• This center is shadow anchored by a high-performing Walmart since 2006 | Walmart owns the Walmart
• Stable tenant history | Average Tenant Tenure: 12.49 Years
• Weighted Average Lease Term: 4.68 Years

HIGH-PERFORMING CENTER | FOOT TRAFFIC DATA (PLACER.AI)
• This center sees 2.6M visits per year
• The center ranks in the top 25% of all centers in a 50-Mile Radius (7th of 25)
• This Walmart is the #1 busiest location in th e local market (1st of 4)
• This shopping center pulls f rom a 25+ mile tr ade area

STRATEGIC POSITIONING | INTERSTATE LOCATION
• This property is positioned at the high traffic corridor of Signal Mountain Road (30,012 VPD)
• Signal Mountain Road is just off I- 24, the major interstate leading into Chattanooga (30,130 VPD)
• Surrounding Retailers include Aldi, Tractor Supply, Food City, Burger King, Krystal, & more
• The property is located directly across f rom the Komatsu America Corp. Manufacturing Plant, a 500,000+ SF facility that is one of the top employers in Chattanooga with 750 employees
• Komatsu America Corp. is the second largest, fully integrated manufacturer and supplier of construction equipment in North America

CHATTANOOGA, TN
• The Chattanooga metropolitan area is the fourth largest in Tennessee. The city anchors a three-state area that includes Southeast Tennessee, Northwest Georgia, and Northeast Alabama.
• Chattanooga is home to a diversified and growing mix of manufacturing and service industries with a population of over 180,000
• The University of Tennessee at Chattanooga is the second largest campus of the University of Tennessee system, with a population of o ver 10,000. Chattanooga State Community College is a twoyear community college with a total undergraduate enrollment of roughly 11,000 students.
• Chattanooga has been voted as one of the top places to live and to retire.

Zach Taylor
Eric Abbott
OFFERING MEMORANDUM

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