Overview
Atlantic Capital Partners is pleased to exclusively present 7804 E Brainerd Rd, a prime retail asset located in Chattanooga, TN. Occupied by Food City, a well-established grocery chain with a strong regional presence, this property is situated in East Brainerd, Chattanooga’s prominent retail node. Benefitting from a growing local population, the store enjoys resilient market demand and serves as a community anchor, supported by its consistent historical performance. This investment opportunity offers a secure income stream with a high performing tenant. Priced at $6,569,196, reflecting a 6.10% cap rate on current income, this offering represents a compelling investment in a stable and sought-after retail sector
Investment Highlights
STRONG TENANT SALES GROWTH
Tenant boasts year-over-year increasing sales volume of 35% from 2019-2023 resulting in an occupancy cost of only 2.0%
FUEL CENTER ADDITION
Food City's long-term commitment to the site is evidenced by the addition of a fuel center in 2017 which has bolstered sales growth
ABSOLUTE NNN LEASE
Lease structure relieves Landlord of any Common Area Maintenance, Insurance, or Tax responsibilities
EXCELLENT EXPOSURE ALONG MAIN ACCESS ROAD
Strategic location on E Brainerd Road within Chattanooga's most prominent retail node with an average of 32,000 vehicles per day. Tennessee's second busiest mall, Hamilton Place is only a few minutes away
AFFLUENT TRADE AREA
103,771 people with an average household income of $95,711 within 5 miles
LONG TERM TENANT COMMITMENT TO SITE
Tenant originally signed the lease in 1998 with a lease expiration in 2038 demonstrating a long-term commitment to this site and providing stable cash-flow
STRONG REGIONAL BRAND RECOGNITION
Food City's brand identity as a regional grocer is built on its local focus, commitment to quality and affordability, strong customer service, community engagement, and distinctive branding
INFLATION HEDGE
Fixed rental increases every 5 years through 2043 provide a hedge against inflation and offer stability through consistent rent growth
Photo Gallery
