Highland Plaza — Sale in Chattanooga, TN

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Chattanooga, TN 37415

Photos

Highland Plaza — Sale in Chattanooga, TN, photo 1 of 4
Highland Plaza — Sale in Chattanooga, TN, photo 2 of 4
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Highland Plaza — Sale in Chattanooga, TN, photo 4 of 4

Investment Figures

Cap rate
7.50%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

HIGHLAND PLAZA | CHATTANOOGA, TN • The subject property is a 129K SF Retail center located in Chattanooga, TN • Highland Plaza has a diverse tenant mix, including service, discount, grocery, and medical • The center features national brands such as Walmart (Shadow), Big Lots, Dollar Tree, Five Below, Pet Supplies Plus, & more • Located at a high-traffic intersection (42K+ Combined VPD) • Well below replacement cost at $86.22/SqFt DIVERSE TENANT MIX | STRONG TENANT TENURE • Shadowed by a Walmart Neighborhood Market, Highland Plaza has a strong internetresistant tenant mix • These tenants are proven long-term operators with an average tenant tenure of 10+ years • Big Lots, Five Below, & Memorial Hospital have been operating at this location for 37+ years, 13 years, and 12+ years, respectively • Proven leasing Momentum at the center with 2 new leases signed, making up 31% of the GLA (Sweet Wee Peets & Crafters Emporium) • Outparcel to this center (Included) is CHI Memorial Health • CHI Memorial Health has operated as a business since 1952 and now totals 7 locations, 4,400 associates, and 600 affiliated physicians in Southeast Tennessee and North Georgia. STRATEGIC LOCATION • Property sits at the high-traffic intersection of Hixson Pike & Ashland Terrace (42K+ Combined VPD) • The shopping center is positioned at a signalized intersection with a direct access road from Ashland Terrace & Hixson Pike, 3 points of ingress/egress, and excellent visibility • Highland Plaza is nestled in a dense suburban pocket with a 102K+ population in the surrounding 5-mile radius • 5-Mile Population: 102,454 • 5-Mile Avg Household Income: $105,761 • 5-Mile Growth: 3.64% CHATTANOOGA, TN | 11M + ANNUAL TOURISM IMPACT • The Chattanooga metropolitan area is the fourth largest in Tennessee. The city anchors a three-state area that includes Southeast Tennessee, Northwest Georgia, and Northeast Alabama. • Chattanooga is home to a diversified and growing mix of manufacturing and service industries

Market Context

This retail in Chattanooga, TN is listed for sale. It is offered at an approximate 7.5% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in Chattanooga, TN — view the full market.

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