This former grocer anchored center located in Tennessee, offers a significant repositioning opportunity in the rapidly growing Chattanooga market. The property is well located and the current income from existing tenants creates a positive NOI that will carry the property through a repositioning effort.
Current tenants include Farm Bureau Insurance and Elliott’s Boots. Farm Bureau Insurance is a corporate tenant offering a full array of insurance products at this retail location including automobile, home, health and life insurance coverage. Elliot’s Boots is an established omni-channel retailer with seven store locations offering a large selection of work and casual footwear. The rent paid by these tenants covers expenses by a comfortable margin creating a positive net operating income to support the repositioning of the former Earth Fare space.