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Off Market
1/3

5414 Hixson Pike
Hixson, TN 37343


HIGHLIGHTS

  • 38,843 Square Foot Former Grocery Anchored Center in Chattanooga, Tennessee with 32,180 Square Foot Anchor Space Now Vacant
  • Income From Existing Tenants Covers All Expenses to Support Positioning of the Vacant Space
  • Extensive Recent Capital Improvements
  • High Growth Market

OVERVIEW

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.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY NAME

Former Earth Fare Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

39705

STORIES

1

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

104

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

100O-D-022