3905 Hixson Pike
Chattanooga, TN 37415
Highland Plaza · Local commercial Bien À vendre

HIGHLAND PLAZA | CHATTANOOGA, TN
• The subject property is a 129K SF Retail center located in Chattanooga, TN
• Highland Plaza has a diverse tenant mix, including service, discount, grocery, and medical
• The center features national brands such as Walmart (Shadow), Big Lots, Dollar Tree, Five Below, Pet Supplies Plus, & more
• Located at a high-traffic intersection (42K+ Combined VPD)
• Well below replacement cost at $86.22/SqFt
DIVERSE TENANT MIX | STRONG TENANT TENURE
• Shadowed by a Walmart Neighborhood Market, Highland Plaza has a strong internetresistant tenant mix
• These tenants are proven long-term operators with an average tenant tenure of 10+ years
• Big Lots, Five Below, & Memorial Hospital have been operating at this location for 37+ years, 13 years, and 12+ years, respectively
• Proven leasing Momentum at the center with 2 new leases signed, making up 31% of the GLA (Sweet Wee Peets & Crafters Emporium)
• Outparcel to this center (Included) is CHI Memorial Health
• CHI Memorial Health has operated as a business since 1952 and now totals 7 locations, 4,400 associates, and 600 affiliated physicians in Southeast Tennessee and North Georgia.
STRATEGIC LOCATION
• Property sits at the high-traffic intersection of Hixson Pike & Ashland Terrace (42K+ Combined VPD)
• The shopping center is positioned at a signalized intersection with a direct access road from Ashland Terrace & Hixson Pike, 3 points of ingress/egress, and excellent visibility
• Highland Plaza is nestled in a dense suburban pocket with a 102K+ population in the surrounding 5-mile radius
• 5-Mile Population: 102,454
• 5-Mile Avg Household Income: $105,761
• 5-Mile Growth: 3.64%
CHATTANOOGA, TN | 11M + ANNUAL TOURISM IMPACT
• The Chattanooga metropolitan area is the fourth largest in Tennessee. The city anchors a three-state area that includes Southeast Tennessee, Northwest Georgia, and Northeast Alabama.
• Chattanooga is home to a diversified and growing mix of manufacturing and service industries, with an MSA population of 500K+
• Chattanooga attracts more than 11 million annual visitors and generates more than 1.8 billion in visitor spending
• The University of Tennessee at Chattanooga is the second-largest campus of the University of Tennessee system, with a population of over 10,000. Chattanooga State Community College is a two-year community college with a total undergraduate enrollment of roughly 11,000 students.
• Chattanooga has been voted as one of the top places to live and to retire.