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Open-Air Anchored Shopping Center
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2288 Gunbarrel Rd, Chattanooga, TN 37421

Multi-tenant retail center with multiple access points and established national occupants.

Property Size213,095 SF
Lot Size20.00 Acres
Days on Market144

Property Features for 2288 Gunbarrel Rd

General Information

Standard status Active
Size 213,095 SF
Lot size 20.00 Acres
Property subtype Retail
Occupancy 99%

Site & Location

Anchor Co-Tenants Hobby Lobby, Best Buy, The Fresh Market, Petco
Traffic Count 34,000 vehicles/day
Road Access Yes

Building Details

Buildings 2
Tenancy Multi
Listing Agency: Cushman & Wakefield - Nashville, Tennessee
Listed By: Evan Halkias · License #IL 475120259
Source: Crexi
Added: Apr 12 Changed: Aug 30 Last Checked: Aug 30 at 2:06PM

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 Cushman & Wakefield - Nashville, Tennessee

Investment Insights

Based on property information with market context.

This open-air shopping center contains 213,095 SF across two structures on roughly 20 acres. The tenant roster includes Hobby Lobby, Best Buy, The Fresh Market, and Petco, with national occupants representing 96% of GLA. The property is currently 99% leased and carries a 5.2-year WALT, while more than 81% of the rent roll has remained with the same tenants for 10+ years.

Positioned along Gunbarrel Road in Chattanooga, the center benefits from multiple access points and two lighted intersections at either end of the property. Traffic exceeds 34,000 vehicles daily. Chattanooga is situated between Nashville, Knoxville, Huntsville, and Atlanta, with economic activity spanning technology, education, tourism, manufacturing, and healthcare.

Key Highlights

  • 213,095 SF open‑air shopping center across two structures
  • Roughly 20 acres of land along Gunbarrel Road
  • 99% leased with a 5.2 year WALT

Property Analytics

Current Use

Pier 88 Boiling ... Restaurant New Again Houses® ... Real Estate Agency 3 Phase Associates, ... Engineering Consultant Amazon Hub Locker ... Marketing & Advertising

Suggested Use

Top Pick Building Supply Electrical Service Auto Parts Store Parking Lot & Garage Storage Facility Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

34,000 VPD
Traffic count
99%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

1,518
Businesses Nearby
652k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Dining 29% Shops & Services 21% Home Improvements & Furnishings 14% Groceries 12%
Best Buy Electronics
56,070 visits/mo 0.1 miles
Hobby Lobby Shops & Services
52,674 visits/mo 0.1 miles
Lowe's Home Improvements & Furnishings
42,198 visits/mo 0.3 miles
Publix Groceries
41,666 visits/mo 0.3 miles
The Home Depot Home Improvements & Furnishings
40,196 visits/mo 0.3 miles

Demographics for 37421, TN

51,686
Population
23,978
Households
2.2
Avg Household Size
40
Median Age
38%
College-Educated
92%
High-School Grad
31.7 sq mi
ZIP Area
1,630
Density / Sq Mi
$79,958
Median Household Income
$44,452
Median Earnings
$1,313
Median Rent
$299,600
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
Shopping center - Multi-tenant retail center with multiple access points and established national occupants.
Where is this shopping center located?
The property is located at 2288 Gunbarrel Rd Chattanooga, TN.
What are key features of this property?
This property features: 213,095 SF open‑air shopping center across two structures; Roughly 20 acres of land along Gunbarrel Road; 99% leased with a 5.2 year WALT
More about this property
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