Investment Highlights
Strong, E-commerce Resistant Tenant Lineup | Starbucks w/ Drive-Thru | Potential Upside Through Lease Up
Dense Retail Corridor | Nearby National/Credit Tenants | Direct Residential Consumer Base (690+ Units)
Large Monument Sign | Excellent Visibility & Access | Adjacent to Walmart Neighborhood Market | Close to I-75
Strong Demographics in 5-Mile Trade Area | Six-figure Incomes
Executive Summary
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in the Shoppes of East Brainerd, a NNN leased, freestanding, recently constructed, 89% leased retail center located in Chattanooga, Tennessee. The offering features a strong food and service-based tenant lineup of Starbucks, Crumble Cookies, Pure Nail Spa, Pacific Dental, and PT Solutions Physical Therapy (currently dark but still paying rent). The tenants operate under leases that are NNN in nature, limiting expense leakage for a future investor. Tenants constituting 52% of GLA and 53% of Rental Revenue have more than six years remaining on their initial lease terms. Additionally, Starbucks is equipped with an end-cap drive-thru lane, which provides ease and convenience for customers. Excess 1 acre undeveloped land behind the shopping center is available and zoned C-2 (Convenience Commercial) for future development. Owner to retain or consider market price offers contact agent for pricing.
