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Brainerd Market Center 480 Greenway View Dr 44,800 SF 80% Leased Retail Building Chattanooga, TN 37411 $6,776,500 CAD ($151.26 CAD/SF) 7.26% Cap Rate

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Investment Highlights

Shadow-anchored by a high-performing Walmart Supercenter with strong daily traffic volumes
Clear value-add upside through leasing four remaining suites with NOI growth potential exceeding $100K
Strong visibility from Interstate 75 and Greenway View Drive with prominent pylon signage

Stable tenant mix featuring national and regional retailers with an average tenure of 12.5 years
Located within a revitalized retail corridor near Eastgate Town Center and multiple residential communities [Brainerd-M...compressed | PDF]
Adjacent to Sofia’s Place, a newly built 56-unit modern townhome community driving additional consumer traffic

Executive Summary

Brainerd Market Center presents a compelling investment opportunity within the Chattanooga TN MSA, offering a value-add retail asset in a high-traffic, growth-oriented corridor. Positioned directly adjacent to a high-performing Walmart Supercenter, the center benefits from strong built-in traffic momentum and long-standing national tenancy. The property encompasses two single-story retail buildings with attractive brick and steel construction, strong visibility from Interstate 75, and multiple access points from Greenway View Drive.
At 80 percent occupancy, the asset delivers stable in-place income supported by a tenant mix that includes Dollar Tree, Cato, It’s Fashion, City Gear, Acceptance Insurance, and GameStop, several of whom have operated at the center since its original 2004 construction. With four vacant suites ranging from 1,600 to 2,800 square feet, investors have a clear path to value creation, with leasing upside projected to drive over $100K in additional NOI once stabilized.
The surrounding area reinforces the center’s long-term viability, with notable nearby drivers such as the recently improved Eastgate Town Center, Parkridge East Hospital, and the newly delivered Sofia’s Place townhome development featuring 56 modern residential units. Chattanooga’s ongoing economic growth and nationally recognized quality-of-life rankings further strengthen the asset’s long-term positioning. With solid retail fundamentals, a proven tenant base, and strategic adjacency to Walmart, Brainerd Market Center offers immediate cash flow paired with meaningful upside potential for investors seeking a stabilized yet growth-oriented retail investment.