Skip to main content

Shopping Strip

Walmart Shadow Center

2111 N Jackson St, Tullahoma, TN 37388

Listing Price: $5,504,000

Cap Rate
7.75%
Gross SF
36,000
Rentable SF
36,000
Price/Gross SF
$152.89
Lot Size
7.52 acres
Year Built
1995

Investment Overview

WALMART SUPERCENTER SHADOW ANCHORED CENTER • The subject property is a 36,000 SF Walmart Supercenter shadow anchored retail center located in Tullahoma, TN • The property is 91% leased to strong national brands such as Dollar Tree, CATO, Shoe Show, and more • Shadow to dominant Walmart Supercenter | Walmart reconfirmed its long-term commitment to this center by executing a brand new 5-year early lease extension in 2020 • Stable Tenant History | Average occupancy in the center is 17.6 years • Leasing Momentum | CATO, Star Physical Therapy, GNC, and Randstad have all signed lease extensions in the last 12 months • Replaceable average rent of $15.00 PS DOMINANT RETAIL CENTER IN MARKET | REGIONAL TRADE AREA • This Walmart Shadow Center is located as the heart of the main retail corridor of Tullahoma on N Jackson St (23,000 VPD) • 1M SF of retail along the N. Jackson St corridor | Surrounding retailers include: Publix, Kroger, Lowe’s, Hobby Lobby, JCPenny, Big Lots Dollar General, Planet Fitness, and many more • Commerce Central Shopping Center Ranks as the #1 most visited shopping center in a 10-Mile Radius | Placer.AI consumer Data Feb 2020 – Feb 2021 • The subject property is the dominant retail center in the market and draws from a 20-mile trade area TULLAHOMA • Tullahoma, TN is a city in Coffee & Franklin counties in southern middle Tennessee located as the midpoint between Chattanooga & Nashville • Tullahoma’s proximity to Nashville, Chattanooga and Huntsville, Alabama, make it an ideal stopping (and shopping) point for travelers to and between these major cities. • Tullahoma is home to the university of Tennessee Space Institute, Arnold Airforce base, and the National Aerospace Solutions that employs over 2,000 individuals • The presence of Arnold Air Force Base, Arnold Engineering Development Center, University of Tennessee Space Institute, and a variety of aerospace industries broadens Tullahoma’s customer base to encompass national exposure. • The city is also a known transportation hub as it houses Tullahoma Regional Airport with over 2,000 transient aircraft visits annually

Investment Highlights

  • Dominant Center In Market 1.73 Annual Visits
  • 91% National Tenants
  • Stable Tenant History AVG. Occupancy 17 Years
  • Leasing Momentum 4 Lease Extensions Signed In Last 12 Months
  • Replaceable Rent $15 PSF
  • Regional Trade Area 20 Miles

Exclusively Listed By

Broker of Record

  • Jody McKibben

    Vice President / Regional Manager

    (615) 997-2860

    License(s) TN: 307629

    Tennessee

Shopping Strip

Walmart Shadow Center

Listing Price: $5,504,000

Cap Rate
7.75%
Gross SF
36,000
Rentable SF
36,000
Price/Gross SF
$152.89
Lot Size
7.52 acres
Year Built
1995

Investment Highlights

  • Dominant Center In Market 1.73 Annual Visits
  • 91% National Tenants
  • Stable Tenant History AVG. Occupancy 17 Years
  • Leasing Momentum 4 Lease Extensions Signed In Last 12 Months
  • Replaceable Rent $15 PSF
  • Regional Trade Area 20 Miles

Investment Overview

WALMART SUPERCENTER SHADOW ANCHORED CENTER • The subject property is a 36,000 SF Walmart Supercenter shadow anchored retail center located in Tullahoma, TN • The property is 91% leased to strong national brands such as Dollar Tree, CATO, Shoe Show, and more • Shadow to dominant Walmart Supercenter | Walmart reconfirmed its long-term commitment to this center by executing a brand new 5-year early lease extension in 2020 • Stable Tenant History | Average occupancy in the center is 17.6 years • Leasing Momentum | CATO, Star Physical Therapy, GNC, and Randstad have all signed lease extensions in the last 12 months • Replaceable average rent of $15.00 PS DOMINANT RETAIL CENTER IN MARKET | REGIONAL TRADE AREA • This Walmart Shadow Center is located as the heart of the main retail corridor of Tullahoma on N Jackson St (23,000 VPD) • 1M SF of retail along the N. Jackson St corridor | Surrounding retailers include: Publix, Kroger, Lowe’s, Hobby Lobby, JCPenny, Big Lots Dollar General, Planet Fitness, and many more • Commerce Central Shopping Center Ranks as the #1 most visited shopping center in a 10-Mile Radius | Placer.AI consumer Data Feb 2020 – Feb 2021 • The subject property is the dominant retail center in the market and draws from a 20-mile trade area TULLAHOMA • Tullahoma, TN is a city in Coffee & Franklin counties in southern middle Tennessee located as the midpoint between Chattanooga & Nashville • Tullahoma’s proximity to Nashville, Chattanooga and Huntsville, Alabama, make it an ideal stopping (and shopping) point for travelers to and between these major cities. • Tullahoma is home to the university of Tennessee Space Institute, Arnold Airforce base, and the National Aerospace Solutions that employs over 2,000 individuals • The presence of Arnold Air Force Base, Arnold Engineering Development Center, University of Tennessee Space Institute, and a variety of aerospace industries broadens Tullahoma’s customer base to encompass national exposure. • The city is also a known transportation hub as it houses Tullahoma Regional Airport with over 2,000 transient aircraft visits annually

Exclusively Listed By

Broker of Record

  • Jody McKibben

    Vice President / Regional Manager

    (615) 997-2860

    License(s): TN: 307629

    Tennessee

MM Texture Background
MM Textured Background Lower