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27102589
27102590

480 Greenway View Dr, Chattanooga, TN 37411

JE
GA 210921
Matthews
KS
FL SL3210522, TN 317867 (+4)
Matthews
PM
GA 306418
Matthews
ND
CA 01434304
Blvd Real Estate Investment Co
TC
CA CA 01915137
Blvd Real Estate Investment Co
Matthews
Listed by Matthews, Blvd Real Estate Investment Co
$5,000,000
261 days on market
Updated 25 days ago

Brainerd Market Center

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 44,800
Units 12
Cap Rate 7.26%
NOI $362,866
Occupancy 80.36%
Tenancy Multi
Year Built 2004
Stories 1
Acreage 5.350
Zoning C2
Parking Spaces 275 spaces
Parking Per SqFt 6.14

Value-Add Opportunity | Walmart Supercenter Shadow

Investment highlights

  • Value-Add Opportunity – At 80% occupancy, Brainerd Market Center offers a rare opportunity of strong “in-place” income with upside in leasing four spaces between 1,600 – 2,800 square feet, representing a potential increase in over $100K in additional NOI.

  • Walmart Supercenter Shadow – Adjacent to a high performing Walmart Supercenter. Walmart owns its own store.

  • National Tenant Roster – Brainerd Market Center is leased to national, regional, and local retailers such as Dollar Tree, Cato, It’s Fashion, and City Gear.

  • Location and Growth – Brainerd Market Center is neighbored by the extensively renovated Eastgate Town Center, a mixed use city center with retail and office uses. The nearby Sofia’s Place is an award winning multifamily development, delivered in 2024 featuring 56 new townhomes with modern two and three bedroom units, creating additional foot traffic to Brainerd Market Center.

  • 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 occupancy with substantial upside in leasing.

Listing Contacts

JE
GA 210921
Matthews
KS
FL SL3210522, TN 317867 (+4)
Matthews
PM
GA 306418
Matthews
ND
CA 01434304
Blvd Real Estate Investment Co
TC
CA CA 01915137
Blvd Real Estate Investment Co
Matthews
Listed by Matthews, Blvd Real Estate Investment Co

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$362,866.00
$30,238.83/mo

Valuation Metrics

0
DSCR
7.26%
Cap Rate
7.26%
ROI

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Additional Information

Name
Hutt Cooke
License
263667 (TN)
Brokerage
Matthews Real Estate Investment Services
Brokerage Phone
866.889.0550
Title
Broker of Record
Brokerage Address
1600 West End, Ste. 1500 Nashville, TN 37203
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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