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Shopping Community

Grocery Shadow Anchored Shopping Center

385 W Lincoln Street, Tullahoma, TN 37388

Listing Price: $2,357,000

Cap Rate
9.00%
Gross SF
59,595
Rentable SF
59,595
Price/Gross SF
$39.55
Lot Size
6.70 acres
Year Built
1968

Investment Overview

Marcus & Millichap is pleased to bring to market Tullahoma Square, a grocery shadow anchored shopping center located in Tullahoma, Tennessee.

Investment Highlights

  • 59,959-Square Foot Grocery Shadow Anchored Center | Tullahoma, TN | County Seat of Coffee County | Convenient Location Near the Center of Tullahoma
  • 68 Percent of Roof Replaced in the Last Four Years | $1M in Center Renovations Since 2016 | Old Big Box Unit Was Split and Renovated Into the Ollie's Bargain Outlet and Badcock Furniture Units
  • Priced Below Replacement Cost | Current Rent is $4.26 Per Occupied Square Foot | Strong Internet-Resistant Tenant Mix | 100 Percent of Income from National/Regional Tenants
  • Shadow Anchored by Food Lion Grocery | Other Notable Tenants Include Family Dollar and Flex-Up Fitness | Positioned at a Signalized Intersection with Signage and Multiple Points of Ingress/Egress
  • Located Next to the Starting Point of New Rock Creek Greenway (Paved Community Walking Path)
  • Located 75-Miles Southeast of Downtown Nashville and 77-Miles Northwest of the Chattanooga

Exclusively Listed By

Broker of Record

  • Jody McKibben

    Vice President / Regional Manager

    (615) 997-2860

    License(s) TN: 307629

    Tennessee

Shopping Community

Grocery Shadow Anchored Shopping Center

Listing Price: $2,357,000

Cap Rate
9.00%
Gross SF
59,595
Rentable SF
59,595
Price/Gross SF
$39.55
Lot Size
6.70 acres
Year Built
1968

Investment Highlights

  • 59,959-Square Foot Grocery Shadow Anchored Center | Tullahoma, TN | County Seat of Coffee County | Convenient Location Near the Center of Tullahoma
  • 68 Percent of Roof Replaced in the Last Four Years | $1M in Center Renovations Since 2016 | Old Big Box Unit Was Split and Renovated Into the Ollie's Bargain Outlet and Badcock Furniture Units
  • Priced Below Replacement Cost | Current Rent is $4.26 Per Occupied Square Foot | Strong Internet-Resistant Tenant Mix | 100 Percent of Income from National/Regional Tenants
  • Shadow Anchored by Food Lion Grocery | Other Notable Tenants Include Family Dollar and Flex-Up Fitness | Positioned at a Signalized Intersection with Signage and Multiple Points of Ingress/Egress
  • Located Next to the Starting Point of New Rock Creek Greenway (Paved Community Walking Path)
  • Located 75-Miles Southeast of Downtown Nashville and 77-Miles Northwest of the Chattanooga

Investment Overview

Marcus & Millichap is pleased to bring to market Tullahoma Square, a grocery shadow anchored shopping center located in Tullahoma, Tennessee.

Exclusively Listed By

Broker of Record

  • Jody McKibben

    Vice President / Regional Manager

    (615) 997-2860

    License(s): TN: 307629

    Tennessee

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