Sequoyah Crossing

Sequoyah Crossing

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222 Sequoyah Access Rd, Soddy Daisy, TN 37379

RETAIL SHOPPING CENTER 15 MINUTES NORTH OF DOWNTOWN CHATTANOOGA

OFFERING MEMORANDUM

Chad Wamackcpw@charterre.com l (423)267-6549

l Owner/Agent

www.sequoyahcrossing.com

Property Video

2Sequoyah Crossing

NAI Charter is pleased to offer for sale Sequoyah Crossing. A 37,218 SF

multi-tenant retail center located on 10.8 acres in Soddy Daisy, TN (Ham-

ilton County). The property is anchored by national tenant, Tractor Supply

Company.

98% OCCUPIED RETAIL ANCHORED SHOPPING CENTER IN SODDY DAISY, TENNESSEE

PRICE: NOI: CAP:

$2,950,000

$225,000+/-

7.62%

PRICE PER SF

SQUARE FOOTAGE

LAND AREA

PARCEL ID

REAL ESTATE TAXES

OCCUPANCY

YEAR BUILT

ANCHOR TENANT

FLOOD

ROOF

$79.26

37,218 SF

10.8 +/- Acres

057-099

$53,914.96

100%

1995

Tractor Supply Company (TSC)

100 Year

NEW TSC Roof (2017)

Sequoyah Crossing

3Sequoyah Crossing

TREMENDOUS OCCUPANCY

Sequoyah Crossing is 100% occupied with 85%

leased & occupied by National Tenants.

INVESTMENT HIGHLIGHTS

SUPERB LOCATION

Sequoyah Crossing is located off Highway 27 and is

15 miles north of downtown Chattanooga.

RETAIL ANCHOR

Sequoyah Crossing is home to the largest operator

of rural lifestyle retail stores in America, Tractor Sup-

ply Company, which has over 1,600 stores located

across 49 states.

LONG TERM LEASES

Only One (1) tenant comes up for renewal before

2021.

STRONG VISIBILITY AND ACCESS

Sequoyah Crossing has visibility from Highway 27,

which has 29,293 vehicles per day passing by the

exit. Main entrance has a signalized intersection on

Sequoyah Road as well as a back entrance from

Walnut Street.

4Sequoyah Crossing

FEATURED PHOTOS

5Sequoyah Crossing

AERIAL

Sequoyah Crossing

Dayton Pike

Sequoyah R

d

Daisy Elementary

TVA Plant

Sequoyah Rd

Soddy Daisy High School

Soddy Daisy Middle

6Sequoyah Crossing

Highw

ay 27

TenantTractor Supply CompanyDickey’s BBQ PitATI Physical TherapyStyle N Go SalonCork & Flask Liquor Store

SF29,000

1,500

2,656

1,020

3,342

SITE PLAN

200 Spaces

7Sequoyah Crossing

FLOOR PLAN

Sequoyah Crossing 8

DEMOGRAPHICS

2017 Population1 Mile Radius 2,424

3 Mile Radius 15,445

5 Mile Radius 34,809

2017 Average Household Income1 Mile Radius $62,754

3 Mile Radius $67,645

5 Mile Radius $74,463

2017 Median Household Income1 Mile Radius $45,951

3 Mile Radius $51,697

5 Mile Radius $57,316

Traffic CountsHighway 27 29,293

Sequoyah Road 12,565

Dayton Road 10,080

9Sequoyah Crossing

ANCHOR TENANT

Tractor Supply Company is the largest operator of rural lifestyle retail stores in America. Found-

ed in 1938 as a mail order tractor parts business, Tractor Supply Company (also referred to as

TSC) owns and operates over 1,600 stores in 49 states supplying basic maintenance products

to home, land pet and animal owners. Based in Brentwood, TN., TSC is a public company

whose stock is traded on the NASDAQ National Market under the symbol TSCO.

Today Tractor Supply is a leading edge retailer with annual revenues of approximately $6.8

billion. Tractor Supply is continuing to grow with new stores and improved product offerings.

Stores are located in towns outlying to major metropolitan markets and in rural communities.

https://www.tractorsupply.com/

10Sequoyah Crossing

INCOME & EXPENSE STATEMENT

2016 Actuals 2017 Actuals 2018 Projected

Base Rent $233,291.32 $251,861.65 $257,660.00CAM $26,153.03 $26,153.03 $21,978.78Insurance $17,991.20 $17,309.00 $18,857.91Real Estate Taxes $32,312.78 $32,312.78 $41,783.35Tractor Supply Reconciliation $0.00 ($3,029.00) $0.00

$309,748.33 $324,607.46 $340,280.04

Insurance $23,214.45 $23,973.19 $24,332.79Repairs & Maintenance $19,059.25 $20,949.07 $21,263.31Utilities $8,633.62 $6,991.54 $7,096.41Real Estate Taxes $42,366.93 $43,097.00 $53,914.00Management Fee $0.00 $9,738.22 $10,208.40

$93,274.25 $104,749.02 $116,814.91

NET OPERATING EXPENSES $216,474.08 219,858.44$ 223,465.13$

11Sequoyah Crossing

WEBSITE & VIDEOClick Pictures to view the Website and Video of the property.

Property Website Property Video

CHATTANOOGA MARKET OVERVIEWChattanooga, Tennessee is a burgeoning, dynamic city located in the southeast corner of Tennessee, 135 miles from Nashville, 145

miles from Birmingham, 110 miles from Knoxville and 120 miles from Atlanta. Chattanooga, the 4th largest city in the state, boasts

a rapidly growing population, favorable climate, fiscal integrity, rejuvenated urban core, strong corporate demand and economic

development, significant tourism and enviable recreational attractions. The city hosts a diverse and thriving downtown with over

50,000 daytime employees and 11,00 students attending the University of Tennessee at Chattanooga.

Chattanooga has been rated as one of the best places to do business as the local government along with various private and

philanthropic organizations have worked together to limit barriers to entry and red tape for new business ventures and to help existing

local, regional, national, and international companies invest in the area. This has helped Chattanooga to attract widely recognizable

companies to the area. Moreover, the quarter mile Innovation District located in Chattanooga’s CBD has revitalized residential

relocation to the area and inspired high-tech companies, start ups, and entrepreneurs to establish presences in “incubators”

scattered throughout the district and eventually shift to more permanent headquarters in the Downtown area.

The Chattanooga MSA enjoys a strong and robust regional economy based in a variety of industries including technology and

transportation, manufacturing, and healthcare services. Top employers within the region range from nationally recognizable

organizations such as Amazon.com and BlueCross BlueShield to international businesses such as Volkswagen, which recently

developed a massive manufacturing plant in Chattanooga. In the last five years, over $4 Billion has been invested in the area by

a variety of companies including Wacker with over $2 Billion invested, Volkswagen with over $1 Billion invested, Amazon.com with

over $139 Million invested, and Whirlpool with $120 Million invested.

Chattanooga is home to many well-known and nationally recognized attractions, arts and cultural centers, festivals, and outdoor

activities. The World publication, owned by The New York Times, recently named Chattanooga as one of the “Top 45 Places to Go”.

The City also boasts a well-manicured 13-mile Riverwalk along the Tennessee River that offers residents and tourists the opportunity

to walk, run, or bike along the trails and pathways as well as relax in one of the many parks along the river.

12

Sequoyah Crossing

Chattanooga

Nashville Knoxville

Atlanta

Birmingham

CHATTANOOGA QUICK FACTSCity of Chattanooga population: 176,588

Chattanooga MSA Population: 549,016

Tourism: 3 million people visit Chattanooga annually; bringing $750 MM in revenue.

Attractions:

The Tennessee Aquarium (1MM visitors a year)

Rock City

Ruby Falls

Hunter Museum of American Art

Symphony & Opera Association

The Tivoli

Creative Discovery Museum

Chattanooga Zoo

Chickamauga Lake

Events:

Riverbend Music Festival (attracts over 600,000 each year)

Head of the Hooch Regatta (second largest rowing regatta in the US)

Ironman Triathlon

Three Sisters Bluegrass Festival

Major Employers:

13

Company Product/Service Full-Time Employees

BlueCross BlueShield of Tennessee Health Care Financing 4,899

Hamilton County Dept. of Education Elementary & Secondary Schools 4,508

Erlanger Health System Hospital 4,384

Tennessee Valley Authority Utility - Electric Service 3,786

Amazon.com Distribution Center 3,312

Unum Insurance 2,800

McKee Foods Corporation Manufacturing Cakes & Cookies 2,700

CHI Memorial Health Care 2,602

City of Chattanooga Government 2,250

Volkswagen Chattanooga Manufacturing Automobiles 2,177

110

mile

s

120 m

iles

135 miles

145

mile

s

14Sequoyah Crossing

CONTACT INFORMATION

CHAD WAMACK

cpw@charterre.com l (423) 322-3669

Owner/Agent

NAI Charter

414 Vine Street

Chattanooga, TN 37403

(423) 267-6549

www.naicharter.com

The information contained herein has been given to us by

the owner or other sources we deem reliable. We have no

reason to doubt its accuracy but we do not guarantee it.

All information should be verified by the Purchaser.