Brainerd Market Center
At-A-Glance
Asking Price: $5,000,000 / $112 PSF
Down Payment: $1,500,000 -$1,750,000
Net Operating Income: $362,866 (In-Place) / $510,508 (Stabilized)
Cap Rate: 7.26% (In-Place) / 10.21% (Stablized)
Opportunity
Value-Add Investment Opportunity, Shadow Anchored by Walmart Supercenter
Highlights
• Strong in-place cash flow plus value-add opportunity at 80% occupancy, Brainerd Market Center offers a stable, financeable income stream plus the opportunity to increase income with the lease up four shop spaces allowing a potential increase in appr. $150K of additional NOI.
• Infill market and established location, the highly established infill neighborhood offers a steady and growing daytime and permanent population base.
• Growing and business-friendly metropolitan region, the Chattanooga metro area has an approximate population of 600,000 and has featured nearly 8-10x the population growth rate of the national average.
• Walmart Supercenter & high traffic freeway adjacency - Adjacent to a high performing Walmart Supercenter & major freeway intersection. Walmart owns its own store.
• National tenant roster, the Brainerd Market Center is leased to a high percentage of national and regional retailers such as Dollar Tree, Cato, GameStop, It’s Fashion, and City Gear.
• Strong regional draws include the extensively renovated Eastgate Town Center, a mixed-use regional draw with newly developed homes, apartments, retail, and office uses.
• Long term tenancy with an average tenant tenure of 12.5 years and several in place since inception.
