• SHADOW TO WELL-PERFORMING WALMART SUPERCENTER FOR OVER 20 YEARS
WALMART SUPERCENTER SHADOW CENTER • The subject property is a 20,875 SF Walmart supercenter shadow anchored retail center located in Manchester, TN. • Leasing Momentum: three (3) new leases & two (2) lease renewals in the past 8 Months. • Dollar Tree has just shown its long term commitment to the center by exercising its second 5-Year extension through 2025. • The center has a long-standing history | Avg tenant Occupancy is 12.82 Years (Excluding New leases).
STRATEGIC LOCATION | REGIONAL TRADE AREA • Attractive Interstate Location | The subject property is well located the high traffic intersection of Interstate 24 & Hillsboro BLVD (Combined 58,500 VPD). • This shopping center is the largest and the dominant retail center in Fulton making up 26% of the total retail square footage in Manchester. • This Walmart services a 20+ mile trade area with no competing big box properties in the city of Manchester. • Distance from nearest big-box competition: Target (45 mi.), Walmart (24 mi.), Kroger (23 mi.) and Publix (19 mi.).
MANCHESTER, TN • Manchester is located halfway between Chattanooga, TN and Nashville, TN and is the county seat of Coffee County. • The subject properties tenant lineup is ideally suited for the High Growth & Low-Income demographic of Manchester. • Manchester is home to Bonnaroo, one of the country’s largest Music & Arts Festivals in the country with over 80,000 annual attendees. • The subject property is located directly adjacent to the 700-Acre farm in which Bonnaroo is hosted and draws tens thousands of consumers from the event each year.