525 Kimball Crossing Dr
Kimball, TN 37347
Kimball Crossing · Retail Property For Sale

SRS Investment Properties Group, as exclusive broker, is pleased to offer Kimball Crossing - a 280,476 +/- SF community center anchored by Walmart Supercenter, Goody’s, and Goodwill - located within the Chattanooga, TN MSA. Anchored by Walmart Supercenter – the largest retailer in the world - Kimball Crossing provides a rare opportunity to acquire a retail asset with Walmart Supercenter on a lease, as opposed to acting as a shadow anchor. Separately parceled from the community center portion, the next iteration of ownership has a potential opportunity to ‘spin off’ the valuable Walmart Supercenter as a single-tenant-net-leased asset, reducing equity exposure while taking advantage of consistently high demand for single-tenant-net-leased retail product with Walmart credit. The Walmart Supercenter at Kimball Crossing has essentially zero notable retail competition in the region. Outside of the Walmart Supercenter in Downtown Chattanooga (23.0 miles to the east), the Kimball Crossing location is the only Walmart Supercenter for 33.1 miles to the southwest, 39.9 miles to the northwest along I-24, and a huge expanse to the northeast and southeast. With a plethora of fast food restaurants, ancillary shopping, service tenants and more, Kimball Crossing truly serves as the retail nucleus for an extremely large area, drawing consumers from a 20+ mile radius in most directions. In addition to a national, necessity-based shopping draw in Walmart Supercenter, Kimball Crossing is home to a host of national retailers. In total, the Property has an overall national anchor base comprising 86.5% of the Total GLA with a tremendous overall national tenant roster of 94.5%. The Property also provides an opportunity to add value to the Asset via the development of additional outparcel pads in front of the Center. There has been active, recent interest from restaurant/QSR users for ground lease opportunities. LOCATION Kimball Crossing is located roughly 28 miles west of Downtown Chattanooga within the Chattanooga, TN-GA MSA – home to a population of 560,000. Situated in Marion County, along the banks of the Tennessee River, Kimball is easily accessible via Interstate 24. With its southern terminus in Chattanooga, I-24 runs northwest through Nashville before connecting with I-57 in southern Illinois. Conveniently located for northwest Georgia, northeast Alabama and southern Tennessee, as well as those travelling I-24 between Chattanooga and Nashville; Kimball has a strategic regional position. Situated along I-24 with excellent interstate visibility at the exit for US-64/72 (Exit 152B), Kimball Crossing boasts a strategic location at a major southeast Tennessee traffic junction. From the intersection, I-24 continues northwest to Nashville, TN (105 miles) and east into Downtown Chattanooga (28 miles). US-72 continues southwest, serving as the most direct highway into Huntsville, AL (72 miles) from eastern Tennessee.