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Shopping Strip

Walmart Shadow Center

541 Signal Mountain Rd, Chattanooga, TN 37405

Listing Price: $8,800,000

Cap Rate
7.00%
Gross SF
52,197
Rentable SF
52,197
Price/Gross SF
$168.59
Lot Size
7.15 acres
Year Built
2006

Investment Overview

WALMART SUPERCENTER SHADOW CENTER • The property is a 52,197 SF Walmart Shadow Anchored retail center located in Chattanooga, TN • The property is 88% leased and includes a complimentary mix of restaurants, service tenants, and national brands such as Dollar Tree, CATO, PetSense, and more • This center is shadow anchored by a high-performing Walmart since 2006 | Walmart owns the Walmart • Stable tenant history | Average Tenant Tenure: 12.49 Years • Weighted Average Lease Term: 4.68 Years HIGH-PERFORMING CENTER | FOOT TRAFFIC DATA (PLACER.AI) • This center sees 2.6M visits per year • The center ranks in the top 25% of all centers in a 50-Mile Radius (7th of 25) • This Walmart is the #1 busiest location in th e local market (1st of 4) • This shopping center pulls from a 25+ mile tr ade area STRATEGIC POSITIONING | INTERSTATE LOCATION • This property is positioned at the high traffic corridor of Signal Mountain Road (30,012 VPD) • Signal Mountain Road is just off I- 24, the major interstate leading into Chattanooga (30,130 VPD) • Surrounding Retailers include Aldi, Tractor Supply, Food City, Burger King, Krystal, & more • The property is located directly across f rom the Komatsu America Corp. Manufacturing Plant, a 500,000+ SF facility that is one of the top employers in Chattanooga with 750 employees • Komatsu America Corp. is the second largest, fully integrated manufacturer and supplier of construction equipment in North America 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

  • High Volume Walmart Supercenter Shadow Anchor
  • Stable Tenant History AVG. Tenure 12.5+ Years
  • #1 Busiest Shopping Center In Local Market
  • Affluent And Growing Demographics
  • Interstate Location
  • Chattanooga | 3rd Largest MSA In Tennesse

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: $8,800,000

Cap Rate
7.00%
Gross SF
52,197
Rentable SF
52,197
Price/Gross SF
$168.59
Lot Size
7.15 acres
Year Built
2006

Investment Highlights

  • High Volume Walmart Supercenter Shadow Anchor
  • Stable Tenant History AVG. Tenure 12.5+ Years
  • #1 Busiest Shopping Center In Local Market
  • Affluent And Growing Demographics
  • Interstate Location
  • Chattanooga | 3rd Largest MSA In Tennesse

Investment Overview

WALMART SUPERCENTER SHADOW CENTER • The property is a 52,197 SF Walmart Shadow Anchored retail center located in Chattanooga, TN • The property is 88% leased and includes a complimentary mix of restaurants, service tenants, and national brands such as Dollar Tree, CATO, PetSense, and more • This center is shadow anchored by a high-performing Walmart since 2006 | Walmart owns the Walmart • Stable tenant history | Average Tenant Tenure: 12.49 Years • Weighted Average Lease Term: 4.68 Years HIGH-PERFORMING CENTER | FOOT TRAFFIC DATA (PLACER.AI) • This center sees 2.6M visits per year • The center ranks in the top 25% of all centers in a 50-Mile Radius (7th of 25) • This Walmart is the #1 busiest location in th e local market (1st of 4) • This shopping center pulls from a 25+ mile tr ade area STRATEGIC POSITIONING | INTERSTATE LOCATION • This property is positioned at the high traffic corridor of Signal Mountain Road (30,012 VPD) • Signal Mountain Road is just off I- 24, the major interstate leading into Chattanooga (30,130 VPD) • Surrounding Retailers include Aldi, Tractor Supply, Food City, Burger King, Krystal, & more • The property is located directly across f rom the Komatsu America Corp. Manufacturing Plant, a 500,000+ SF facility that is one of the top employers in Chattanooga with 750 employees • Komatsu America Corp. is the second largest, fully integrated manufacturer and supplier of construction equipment in North America 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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