Sequoyah Crossing RETAIL SHOPPING CENTER 15 MINUTES NORTH OF DOWNTOWN CHATTANOOGA OFFERING MEMORANDUM. 222 Sequoyah Access Rd, Soddy Daisy, TN 37379

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1 OFFERING MEMORANDUM 222 Sequoyah Access Rd, Soddy Daisy, TN Property Video RETAIL SHOPPING CENTER 15 MINUTES NORTH OF DOWNTOWN CHATTANOOGA Chad Wamack l Owner/Agent cpw@charterre.com l (423)

2 98% OCCUPIED RETAIL ANCHORED SHOPPING CENTER IN SODDY DAISY, TENNESSEE PRICE PER SF SQUARE FOOTAGE LAND AREA PARCEL ID REAL ESTATE TAXES OCCUPANCY YEAR BUILT ANCHOR TENANT FLOOD ROOF $ ,218 SF /- Acres $53, % 1995 Tractor Supply Company (TSC) 100 Year NEW TSC Roof (2017) PRICE: NOI: CAP: $2,950,000 $225,000+/- 7.62% NAI Charter is pleased to offer for sale. A 37,218 SF multi-tenant retail center located on 10.8 acres in Soddy Daisy, TN (Hamilton County). The property is anchored by national tenant, Tractor Supply Company. 2

3 INVESTMENT HIGHLIGHTS TREMENDOUS OCCUPANCY is 100% occupied with 85% leased & occupied by National Tenants. SUPERB LOCATION is located off Highway 27 and is 15 miles north of downtown Chattanooga. RETAIL ANCHOR is home to the largest operator of rural lifestyle retail stores in America, Tractor Supply Company, which has over 1,600 stores located across 49 states. LONG TERM LEASES Only One (1) tenant comes up for renewal before STRONG VISIBILITY AND ACCESS 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. 3

4 FEATURED PHOTOS 4

5 AERIAL Dayton Pike Sequoyah Rd Soddy Daisy High School Soddy Daisy Middle Daisy Elementary Sequoyah Rd TVA Plant 5

6 SITE PLAN Tenant Tractor Supply Company Dickey s BBQ Pit ATI Physical Therapy Style N Go Salon Cork & Flask Liquor Store SF 29,000 1,500 2,656 1,020 3, Spaces Highway 27 6

7 FLOOR PLAN 7

8 DEMOGRAPHICS 2017 Population 1 Mile Radius 2,424 3 Mile Radius 15,445 5 Mile Radius 34, Average Household Income 1 Mile Radius $62,754 3 Mile Radius $67,645 5 Mile Radius $74, Median Household Income 1 Mile Radius $45,951 3 Mile Radius $51,697 5 Mile Radius $57,316 Traffic Counts Highway 27 29,293 Sequoyah Road 12,565 Dayton Road 10,080 8

9 ANCHOR TENANT Tractor Supply Company is the largest operator of rural lifestyle retail stores in America. Founded 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. 9

10 INCOME & EXPENSE STATEMENT 2016 Actuals 2017 Actuals 2018 Projected Base Rent $233, $251, $257, CAM $26, $26, $21, Insurance $17, $17, $18, Real Estate Taxes $32, $32, $41, Tractor Supply Reconciliation $0.00 ($3,029.00) $0.00 $309, $324, $340, Insurance $23, $23, $24, Repairs & Maintenance $19, $20, $21, Utilities $8, $6, $7, Real Estate Taxes $42, $43, $53, Management Fee $0.00 $9, $10, $93, $104, $116, NET OPERATING EXPENSES $216, $ 219, $ 223,

11 WEBSITE & VIDEO Click Pictures to view the Website and Video of the property. Property Website Property Video 11

12 CHATTANOOGA MARKET OVERVIEW Chattanooga, 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

13 CHATTANOOGA QUICK FACTS City 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: 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 Nashville 135 miles Chattanooga 145 miles Birmingham Knoxville 120 miles 110 miles Atlanta 13

14 CONTACT INFORMATION CHAD WAMACK l (423) Owner/Agent NAI Charter 414 Vine Street Chattanooga, TN (423) 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. 14