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Shopping Strip

Walmart Shadow Center

3536 Cummings Hwy, Chattanooga, TN 37419

Listing Price: $6,895,000

Cap Rate
8.50%
Gross SF
45,000
Rentable SF
45,000
Price/Gross SF
$153.22
Lot Size
9.62 acres
Year Built
2005

Investment Overview

WALMART SUPERCENTER SHADOW CENTER • The property is a 45,000 SF Walmart Shadow Anchored retail center located in Chattanooga, TN • The property is 94% leased and includes a complimentary mix of restaurants, service tenants, and national brands such as Dollar Tree, CATO, Shoe Show, and more • This center is shadow anchored by a high-performing Walmart since 2005 | Walmart owns the Walmart • Stable tenant history | Average Tenant Tenure: 12.3 Years • This center sees 2.2M visits per year STRATEGIC LOCATION | | INTERSTATE LOCATION • This property is positioned at a major intestate connector, located directly where I-24 meets I-41 • I-24 sees 64,258 vehicles per day and is the major highway that leads through the city of Chattanooga • The property is uniquely positioned at the epicenter of multiple industrial parks making up 2.1M SF of industrial space and including companies such as Nature Brands, Dorsett Automotive, Koch Foods, Zeus Industrial Products, Puregraphite, United Rentals, M&M Industries, Covenant Logistics, Transport Enterprise, and many more • This shopping center pulls f rom a 20+ mile trade area 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 over 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.

Investment Highlights

  • Walmart Supercenter Shadow Anchor
  • Stable Tenant History AVG. Tenure 12+ Years
  • 2.2M Annual Visits
  • Affluent & Growing Demos
  • Major Interstate Connector Location
  • Chattanooga | 3rd Largest MSA In Tennessee

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s) TN: 307629

    Tennessee

Financing By

Shopping Strip

Walmart Shadow Center

Listing Price: $6,895,000

Cap Rate
8.50%
Gross SF
45,000
Rentable SF
45,000
Price/Gross SF
$153.22
Lot Size
9.62 acres
Year Built
2005

Investment Highlights

  • Walmart Supercenter Shadow Anchor
  • Stable Tenant History AVG. Tenure 12+ Years
  • 2.2M Annual Visits
  • Affluent & Growing Demos
  • Major Interstate Connector Location
  • Chattanooga | 3rd Largest MSA In Tennessee

Investment Overview

WALMART SUPERCENTER SHADOW CENTER • The property is a 45,000 SF Walmart Shadow Anchored retail center located in Chattanooga, TN • The property is 94% leased and includes a complimentary mix of restaurants, service tenants, and national brands such as Dollar Tree, CATO, Shoe Show, and more • This center is shadow anchored by a high-performing Walmart since 2005 | Walmart owns the Walmart • Stable tenant history | Average Tenant Tenure: 12.3 Years • This center sees 2.2M visits per year STRATEGIC LOCATION | | INTERSTATE LOCATION • This property is positioned at a major intestate connector, located directly where I-24 meets I-41 • I-24 sees 64,258 vehicles per day and is the major highway that leads through the city of Chattanooga • The property is uniquely positioned at the epicenter of multiple industrial parks making up 2.1M SF of industrial space and including companies such as Nature Brands, Dorsett Automotive, Koch Foods, Zeus Industrial Products, Puregraphite, United Rentals, M&M Industries, Covenant Logistics, Transport Enterprise, and many more • This shopping center pulls f rom a 20+ mile trade area 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 over 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.

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s): TN: 307629

    Tennessee

Financing By

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