ALDI Anchored Retail
For Sale
$9,266,000
1448 Decatur Pike, Athens, TN 37303
111,142 SF retail center in Athens, Tennessee for sale.
Property Size111,142 SF
Price / SF$83.37
Days on Market102
Property Features for 1448 Decatur Pike
General Information
Standard status
Active
Size
111,142 SF
Property subtype
Shopping Strip
Amenities
ALDI ANCHORED CENTER | KNOXVILLE/CHATTANOOGA MSA
VETERAN TENANCY | PROVEN OPERATORS
MARK-TO-MARKET UPSIDE |80% OF GLA LEASED BELOW MARKET
SIGNALIZED HIGH-TRAFFIC CORNER | I-75 ACCESS
ATHENS ECONOMY | DOUBLE MSA DRAW
Building Details
Building Size
111,142 SF
Year Built
1988
Listing Agency:
Atlanta Office
(678) 808-2746
Listed By:
Eric Abbott · License #License(s): GA: 407938
(678) 808-2746
Source:
Marcusmillichap
Added: May 21
Changed: Aug 8
Last Checked: Aug 28 at 6:58AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Atlanta Office
Investment Insights
Based on property information with market context.
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.
Key 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
476
Businesses Nearby
550k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 36%
Shops & Services 19%
Superstores 18%
Apparel 14%
Walmart
Superstores
84,317 visits/mo
0.5 miles
Lowe's
Home Improvements & Furnishings
34,837 visits/mo
0.4 miles
McDonald's
Dining
29,910 visits/mo
0.1 miles
Bargain Hunt
Shops & Services
26,932 visits/mo
0.2 miles
Hobby Lobby
Shops & Services
25,315 visits/mo
0.2 miles
Demographics for 37303, TN
25,894
Population
11,460
Households
2.3
Avg Household Size
42
Median Age
21%
College-Educated
86%
High-School Grad
148.9 sq mi
ZIP Area
174
Density / Sq Mi
$60,874
Median Household Income
$37,996
Median Earnings
$815
Median Rent
$196,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
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.
