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480 Greenway View Dr
Chattanooga, TN 37411
Brainerd Market Center · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Value-Add Opportunity – At 80% occupancy, Brainerd Market Center offers a rare opportunity of strong “in-place” income with upside
- National Tenant Roster – Brainerd Market Center is leased to national, regional, and local retailers such as Dollar Tree, Cato, It’s Fashion
- Long Term Tenancy – With an average tenant tenure of 12.5 years and several in place since inception, Brainerd Market Center boasts a stable in-place
- Walmart Supercenter Shadow – Adjacent to a high performing Walmart Supercenter. Walmart owns its own store.
- Location and Growth – Brainerd Market Center is neighbored by the extensively renovated Eastgate Town Center, a mixed use city center with retail
EXECUTIVE SUMMARY
Broker of Record
Hutt Cooke
License # 263667 (TN)
Matthews Real Estate Investment Services
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Hutt Cooke
License # 263667 (TN)
Matthews Real Estate Investment Services
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
PROPERTY FACTS
Sale Type
Investment
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Storefront
Building Size
44,800 SF
Building Class
B
Year Built
2004
Price
$5,000,000
Price Per SF
$111.61
Cap Rate
7.26%
NOI
$362,866
Percent Leased
80%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
5.35 AC
Zoning
C
Parking
275 Spaces (6.14 Spaces per 1,000 SF Leased)
Frontage
583’ on Skurlock Rd
AMENITIES
- Freeway Visibility
- Restaurant
- Signage
PROPERTY TAXES
| Parcel Number | 157M-A-009.04 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,589,240 |
PROPERTY TAXES
Parcel Number
157M-A-009.04
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,589,240
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