Highlands Plaza Outlet- Walmart Shadow Strip Center

Shopping Center for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30782280
Property Subtypes: Grocery-Anchored, Mixed Use, Net Leased, Outlet Center, Strip Center
Building Size (RSF): 41,620 SF
Gross Building Area: See Agent
Gross Land Area: 4.40 Acres
Sale Price: $6,500,000
Unit Price: $156.17 PSF
Property Use Type: Investment
Building Name: Highlands Plaza Outlet- Walmart Shadow Strip Center
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/24/2022

Overview / Comments

Highlands Plaza Shopping Outlet/ Lafayette Walmart Shadow Center is approx 41,620 total sq ft total for Qty 2 buildings.- Built in 2000, 100% leased with 9 long term established tenants anchored by a big box Bealls Outlet tenant and strip center shadowed by Walmart. This shopping center is in great condition, well maintained and sits on an approx 4.4 acre commercial tract with large parking lot with approx 200+/- parking spaces and parking lot is open for commerical building/ expansion opportunities still leaving ample open parking space.

Additional Details

Nearest MSA: Chattanooga
County: Walker
Taxing Authority: Walker County
Tax ID/APN: 10034 003C
Retail Clientele: General, Family, Business
Property Visibility: Excellent
Highway Access: W Highway 136 and Martha Berry Hwy
Total Number of Buildings: 2
Property Condition: Good
Year Built: 2000
Construction/Siding: Concrete
Parking Type: Surface
Zoning Description: Commercial Small Tract
Legal Description: Ptll 262,263 8/4 Landlot: 262 Landdist: 8/4 Opener

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 6,858 17,076
Median Age: 39 39.12
Households: 2,723 6,342


Photograph of Listing Agent

Katie L Ashley

RE/MAX Renaissance Realtors Greater Chattanooga REALTORS® Member
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