Walmart Shadow Center

Walmart Shadow Center

1864 N Main Street
Shelbyville, TN

Price: $7,520,000
Cap: 7.00%
NOI: $526,293
Building Size: 47,620 SF
Lot Size: 6.02 AC

Investment Highlights

WALMART SUPERCENTER SHADOW CENTER
• The subject property is a 41,620 SF Walmart Supercenter shadow anchored retail center located in Shelbyville, TN
• The property is 97% leased and includes national brands such as Dollar Tree, CATO, Shoe Show, and more
• The center is shadow anchored by a strong performing Walmart Supercenter that sees 1.3M visits each year and has been there for 20 years
• Stable Operating History | Average Tenant Tenure: 14.66 Years
• The entire shopping center sees 2.3M annual visitors and is the #1 shopping center in a 15-Mile Radius

STRATEGIC LOCATION | REGIONAL TRADE AREA
• Positioned on US 231 (30,000 VPD)
• With 2.3M annual visits, this Walmart Anchored Center is the largest and most dominant shopping center in the market
• This location pulls from a 50+ mile trade area

SHELBYVILLE, TN
• Shelbyville is located halfway between Chattanooga, TN and Nashville, TN and is the county seat of Bedford County.
• The town is a hub of the Tennessee Walking Horse industry and has been nicknamed “The Walking Horse Capital of the World”
• The Tennessee Walking Horse National Celebration takes place each year during the 11 days and nights prior to Labor Day. It is the largest show for the Tennessee Walking Horse, during which the breed’s World Grand Champion
• Major business operations in Shelbyville include manufacturers Calsonic Kansei, Newell Rubbermaid, Cebal America, and Jostens; it is also home to a Tyson Foods facility and a distribution center for
Wal-Mart, as well as several nationwide trucking businesses

TRADE AREA DEMOGRAPHICS
• Population: 41,922
• Average Household Income: $63,952

Zach Taylor
Eric Abbott
OFFERING MEMORANDUM

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