800 25th St NW
Cleveland, TN 37311
Cleveland Corners · Local commercial Bien À vendre

CLEVELAND CORNERS | CLEVELAND, TN (CHATTANOOGA MSA)
• Cleveland Corners is a 97,005 SF fully leased retail center located in Cleveland, TN, a Chattanooga MSA suburb
• Featuring 62% national tenant lineup and proven long-term operators with an average tenant tenure of 18+ years
• Offering significant Mark-to-Market upside with 90% of the center paying below market rents
• Limited surrounding retail competition with low vacancy rates
• Average in place shop tenant rents trade 38% below market asking
VETERAN TENANT MIX | PROVEN OPERATORS
• 62% national tenant lineup made up of strong national and regional retailers, including Big Lots (Top performing location, 50yr+ occupancy), Crunch Fitness (New 10-Yr Lease), Dollar Tree, and Regions Bank (50yr+ occupancy)
• Recent leasing momentum highlighted by new 10 year Crunch Fitness lease, demonstrating tenant demand for big-box space here
• Tenants have decades of proven performance at the center, boasting an average tenant tenure of 18+ years with two tenants operating here for 50+ years (Big Lots & Regions Bank)
• Cleveland Corners is a top-performing strip center in Tennessee and has excellent Placer.ai rankings for multiple tenants:
• Big Lots: Top 1% statewide | Top 14% nationally
• Speedy Cash: Top 1% statewide
• Regions Bank: Top 11% statewide | top 8% nationally
• Dollar Tree: Top 41% statewide
• Checkers OP: Top 15% statewide | top 15% nationally
MARKET RENTS
• 90%+ of the center is paying below market rents
• Embedded upside with underpaying box tenants in the current rent roll
• Big Lots anchor (26% of GLA) is a top performer at this location, paying $5.63 PSF
• Home Expo (13,000 SF) paying $5.10 PSF
• Dollar Tree (12,000 SF) paying $8.50 PSF
• New Crunch (21% of GLA) lease was done at $11.50, validating future upside for the larger boxes in this center
• Avg in-place rent of shop tenants is $10.16 - 38% below 1-mile market asking rents of 16.33 (Costar)
• Checkers outparcel is a long-term tenant paying low rent of $36K, providing a value-add opportunity to lease them at market
• Limited competing shop space & low retail vacancy (~2.2% per CoStar) in the immediate area increases tenant demand and reduces downtime risk
SIGNALIZED HIGH-TRAFFIC CORNER | 40K+ COMBINED VPD
• Signalized corner location at 25th Street NW and Lee Highway crossroads with dominant corner lot positioning
• Direct positioning off of I-75, capturing commuter traffic between Chattanooga and Cleveland
• Surrounded by national retailers like Food City, Walmart, Tractor Supply, Lowes, Aldi, & Belk, creating a daily needs retail corridor with a built-in customer base
CLEVELAND MARKET | BROADER CHATTANOOGA MSA | 11M + ANNUAL TOURISM IMPACT
• Cleveland serves as the regional retail hub for Bradley County and the surrounding trade areas
• Chattanooga MSA is a growing mid-sized metro serving a trade area spanning across Southeast Tennessee, Northwest Georgia, and Northeast Alabama
• The Cleveland economy features major manufacturing and logistics employers, including Whirlpool, Mars Chocolate (M&M’s/Twix), Duracell, & the Bradley Medical Center
• Chattanooga attracts more than 11 million annual visitors and generates more than 1.8 billion in visitor spending