Stratman Crossing Reconstruction after Tornado
Retail-Commercial
for Lease
| Catylist Listing ID: |
30633897 |
| Property Subtypes: |
Restaurant, Street Retail
|
| Contiguous Space: |
1,500 - 16,000 SF |
| Building Size (RSF): |
46,240 SF |
| Gross Building Area: |
See Agent |
| Lease Rate: |
$19.50 - 26 PSF (Annual)
|
| Base Monthly Rent: |
$3,250 |
| Lease Types: |
NNN |
| Ceiling: |
20 ft. |
| Is Quick-Service Restaurant? |
Yes |
| Has Drive-Thru? |
Yes |
| Building Name: |
Stratman Crossing |
| Last Updated: |
9/29/2020 |
Overview / Comments
Stratman Crossing was mostly destroyed during the Easter 2020 tornados. The center is being rebuilt as a new high end shopping center complete with stone fascia and architectural details. The small shops that weren't damaged will remain (along with a facelift), Goodwill will return but in a smaller footprint.
Available spaces are 11,000 SF, along with 5,000 SF of restaurant space with drive-thru (in the location of the former Bones Smokehouse).
The 11,000 SF has a potential of picking up additional square footage from Goodwill.
The 5,000 SF can be split up into 1500 SF, 1500 SF and 2000 SF. The endcap of 2,000 SF would have the drive-thru.
Possession is expected to be March 2021.
|
|
Suite: H
|
11,000 SF
|
$19.50 PSF (Annual)
NNN
|
| Space Available: |
11,000 SF |
| Max Contiguous: |
16,000 SF |
| Lease Rate: |
$19.50 PSF (Annual)
$17,875 (Monthly)
|
| Lease Type: |
NNN |
| Space Description: |
Potential for more square footage depending on prospect tenant's needs |
| Date Available: |
3/15/2021 |
| Space Type: |
New |
| Parking Spaces |
210 |
| CAM Expenses |
$3.25 PSF (Annual) |
| Rent Escalators |
Step-Up Lease |
| Rent Escalators Description |
3% |
| Space Available: |
1,500 SF |
| Max Contiguous: |
16,000 SF |
| Lease Rate: |
$26 PSF (Annual)
$3,250 (Monthly)
|
| Lease Type: |
NNN |
| Space Description: |
Can be combined with adjacent spaces for 5,000 SF of restaurant with a drive-thru. |
| Space Subcategory: |
Strip Center, Power Center |
| Date Available: |
3/15/2021 |
| Space Type: |
New |
| Parking Spaces |
210 |
| CAM Expenses |
$3.25 PSF (Annual) |
| Rent Escalators |
Step-Up Lease |
| Rent Escalators Description |
3% |
| Space Available: |
1,500 SF |
| Max Contiguous: |
16,000 SF |
| Lease Rate: |
$26 PSF (Annual)
$3,250 (Monthly)
|
| Lease Type: |
NNN |
| Space Description: |
Can combine adjacent spaces to get a minimum 3,500 SF drive-thru. |
| Space Subcategory: |
Strip Center, Power Center |
| Date Available: |
3/15/2021 |
| Space Type: |
New |
| Parking Spaces |
210 |
| CAM Expenses |
$3.25 PSF (Annual) |
| Rent Escalators |
Step-Up Lease |
| Rent Escalators Description |
3% |
| Space Available: |
2,000 SF |
| Max Contiguous: |
16,000 SF |
| Lease Rate: |
$26 PSF (Annual)
$4,333 (Monthly)
|
| Lease Type: |
NNN |
| Space Description: |
Endcap with drive-thru |
| Space Subcategory: |
Strip Center, Power Center |
| Date Available: |
3/15/2021 |
| Space Type: |
New |
| Parking Spaces |
210 |
| CAM Expenses |
$3.25 PSF (Annual) |
| Rent Escalators |
Step-Up Lease |
| Rent Escalators Description |
3% |
Additional Details
| Nearest MSA: |
Chattanooga |
| County: |
Hamilton |
| Tax ID/APN: |
033159I A 01700 |
| Zoning: |
C-2 |
| Retail Clientele: |
General, Family |
| Property Located Between: |
East Brainerd Rd |
| Largest Nearby Street: |
East Brainerd Rd. |
| Traffic/Vehicle Count: |
27,000 |
| Airports: |
CHA |
| Total Number of Buildings: |
1 |
| Year Renovated: |
2021 |
| Total Parking Spaces: |
210 |
| Parking Type: |
Surface |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
5,021 |
44,930 |
117,492 |
| Median Age: |
39.96 |
39.87 |
39.54 |
| Households: |
2,466 |
18,800 |
47,867 |
|
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