Walmart Shadow Center

Walmart Shadow Center

211 N. Jackson Street
Tullahoma, TN

Price: $5,825,000
Cap: 8.50%
NOI: $495,089
Building Size: 36,000 SF
Lot Size: 7.526 AC

Investment Highlights

WALMART SUPERCENTER SHADOW ANCHORED CENTER
• The subject property is a 36,000 SF Walmart Supercenter shadow anchored retail center located in Tullahoma, TN
• The property is 91% leased to strong national brands such as Dollar Tree, CATO, Shoe Show, and more
• Shadow to dominant Walmart Supercenter | Walmart reconfirmed its long-term commitment to this center by executing a brand new 5-year early lease extension in 2020
• Stable Tenant History | Average occupancy in the center is 17.6 years
• Leasing Momentum | CATO, Star Physical Therapy, GNC, and Randstad have all signed lease extensions in the last 12 months
• Replaceable average rent of $15.00 PS

DOMINANT RETAIL CENTER IN MARKET | REGIONAL TRADE AREA
• This Walmart Shadow Center is located as the heart of the main retail corridor of Tullahoma on N Jackson St (23,000 VPD)
• 1M SF of retail along the N. Jackson St corridor | Surrounding retailers include: Publix, Kroger, Lowe’s, Hobby Lobby, JCPenny, Big Lots Dollar General, Planet Fitness, and many more
• Commerce Central Shopping Center Ranks as the #1 most visited shopping center in a 10-Mile Radius | Placer.AI consumer Data Feb 2020 – Feb 2021
• The subject property is the dominant retail center in the market and draws from a 20-mile trade area

TULLAHOMA
• Tullahoma, TN is a city in Coffee & Franklin counties in southern middle Tennessee located as the midpoint between Chattanooga & Nashville
• Tullahoma’s proximity to Nashville, Chattanooga and Huntsville, Alabama, make it an ideal stopping (and shopping) point for travelers to and between these major cities.
• Tullahoma is home to the university of Tennessee Space Institute, Arnold Airforce base, and the National Aerospace Solutions that employs over 2,000 individuals
• The presence of Arnold Air Force Base, Arnold Engineering Development Center, University of Tennessee Space Institute, and a variety of aerospace industries broadens Tullahoma’s customer base to encompass national exposure.
• The city is also a known transportation hub as it houses Tullahoma Regional Airport with over 2,000 transient aircraft visits annually

Zach Taylor
OFFERING MEMORANDUM

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