Walmart Shadow Center

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480 Greenway Drive
Chattanooga, TN

Price: $4,050,000

Cap: 8.50%

NOI: $344,192

Building Size: 44,800 SF

Lot Size: 5.35 AC

Investment Highlights

80% OCCUPIED WALMART SHADOW CENTER

• The subject property is a 44,800 square foot Walmart shadow-anchored retail center located in a dense pocket of Chattanooga, TN

• The property offers upside to an investor at 80% occupancy

• The center is leased to strong national tenants such as Dollar Tree, CATO, Its Fashion Metro, City Gear, and GameStop

• This center is shadow anchored by a high-performing Walmart since 2004 | Walmart owns the Walmart

STRONG TENANT PERFORMANCE HISTORY DOMINANT SHOPPING CENTER

• Brainerd Market Center sees over 1.5m annual visits and ranks #11 out of 33 total shopping centers (top 30%) in a 5-mile radius (Placer.ai)

• Stable Tenancy | As one of the busiest shopping centers in the market, the tenants perform very well and continue to renew their leases

• Average Tenant Tenure: 14 Years

• Brainerd Market Center still has 3 original tenants from when it was built in 2004

INTERSTATE LOCATION SURROUNDING TRAFFIC DRIVERS

• Brainerd Market Center is located in a hyper-dense neighborhood of Chattanooga, TN

• The center is located inbetween I-75 (129,000 VPD) and State Road 64 (32,000 VPD)

• 2 miles from the Chattanooga Airport

• Adjacent to East Gate Town Center and accompanying retail/business parks which total 2M square feet of retail & office space

• Eastgate Town Center (previously Eastgate Mall) has undergone many changes over the years and today is a trendy town center with mixed-use facilities throughout for retail, office, and other sectors

CHATTANOOGA MSA

• 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 over 10,000. Chattanooga State Community College is a two-year 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 retire

Zach Taylor

678-808-2780 | EMAIL >

Eric Abbott

678-808-2746 | EMAIL >

OFFERING MEMORANDUM

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