ALDI Anchored Retail
1448 Decatur Pike, Athens, TN 37303
111,142 SF retail center in Athens, Tennessee for sale.
Type:Shopping Strip
Property size:
111,142 SFPrice / SF:
$83/SF- Added:
- May 21, 2026
- Days on Market:
- 10
- Last Refresh:
- May 21 at 4:07 am
Property Features for 1448 Decatur Pike
General Information
- Standard status
- Active
- Size
- 111,142 SF
- Property subtype
- Shopping Strip
Building Details
- Year Built
- 1988
Listing agent Eric Abbott License #License(s): GA: 407938 (678) 808-2746
Listing office Atlanta Office (678) 808-2746
Listing date May 21, 2026
Source Marcusmillichap
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HighLights
- ALDI‑anchored retail center with 86% credit tenancy and 19‑year average tenant tenure.
- Significant mark‑to‑market upside with 80% of GLA leased below market rents.
- Dominant retail center in the Athens MSA with 1.6 million annual visits and +14% year‑over‑year growth.
- Priced well below replacement cost at $83/SF.
- Located at a signalized high‑traffic corner with immediate I‑75 access.
- Benefits from a double MSA draw (Knoxville and Chattanooga) and major local employment drivers.
Overview
This 111,142 SF retail center is anchored by ALDI and located in Athens, TN, within the Knoxville and Chattanooga MSAs. The property benefits from 86% credit tenancy and a 19-year average tenant tenure, indicating stability and long-term success. The center is the dominant retail location in the Athens MSA, attracting 1.6 million annual visits with a year-over-year growth of +14%. The tenant mix includes e-commerce resistant businesses such as Goodwill, 7 Brew, H&R Block, Little Caesars, and OneMain Financial. Key tenants demonstrate exceptional performance, with several ranking in the top percentages nationally. A significant portion of the center, 80% of the GLA, is leased below market rates, with average in-place rents at $10.68 PSF compared to market rents of $14.40 PSF. The property is positioned on a signalized corner at the crossroads of Decatur Pike and Lee Highway, with a combined traffic volume of 35,000 vehicles per day, and offers immediate access to I-75 with 46,000 VPD. It is situated within Athens’ dominant retail corridor, surrounded by national retailers such as Walmart, Lowe’s, Hobby Lobby, Marshalls, Harbor Freight, Dollar Tree, and PetSense. The location benefits from major employment drivers, including DENSO Manufacturing, Mayfield Dairy Farms, Starr Regional Medical Center, and McMinn County Schools, as well as Tennessee Wesleyan University and regional events.
Location Intelligence
Current Use by Public Records
Hair Place
Hair Salon
Location Insight
- Map
- Local Demand
- City
- Athens
- County
- McMinn
- State
- Tennessee
- Longitude
- -84.622989
- Latitude
- 35.450697
Nearby Similar for Sale
FAQs
What type of property is this?
Shopping center - 111,142 SF retail center in Athens, Tennessee for sale.
Where is this shopping center located?
The property is located at 1448 Decatur Pike Athens, TN.
What is the asking price?
The asking price for this property is $9,266,000.
What are key features of this property?
This property features: ALDI‑anchored retail center with 86% credit tenancy and 19‑year average tenant tenure.; Significant mark‑to‑market upside with 80% of GLA leased below market rents.; Dominant retail center in the Athens MSA with 1.6 million annual visits and +14% year‑over‑year growth.
