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16-Bay Shopping Center
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2305 N Gateway Ave, Rockwood, TN 37854

Fully occupied retail center anchored by national tenant Harbor Freight Tools.

Property Size68,286 SF
Lot Size6.92 Acres
Days on Market141

Property Features for 2305 N Gateway Ave

General Information

Standard status Active
Size 68,286 SF
Lot size 6.92 Acres
Property subtype Retail
Occupancy 100%

Site & Location

Anchor Co-Tenants Harbor Freight Tools
Traffic Count 19,000 vehicles/day

Additional Details

Cap Rate 24%

Building Details

Tenancy Multi
Listing Agency: Franklin Street
Listed By: Kaylan Knitowski · License #FL SL3557957
Source: Crexi
Added: Apr 12 Changed: Aug 30 Last Checked: Aug 30 at 3:26AM

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 Franklin Street

Investment Insights

Based on property information with market context.

The Shoppes at Walden Ridge is a 68,286-square-foot shopping center with 16 bays on 6.92 acres, or 301,435 square feet of land. The property is reported as 100% occupied and includes Harbor Freight Tools as its national anchor. Retail visibility is supported by reported traffic of 19,000 VPD.

The center is located at 2305 N Gateway Ave in Rockwood, Tennessee. Nearby retail businesses named in the property information include Tractor Supply, Big Lots, Wal-Mart, Lowe’s, and Ace Hardware Store, placing the center among an established group of national and regional retailers along the corridor.

Key Highlights

  • 68,286 SF shopping center on 6.92 acres of land
  • 16 retail bays within the center
  • 100% occupied

Property Analytics

Current Use

Express Health Care ... Physician Veterans Service Officer ... County Government Office

Suggested Use

Top Pick Auto Parts Store (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Hair Salon Nail Salon Veterinary Clinic

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

19,000 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

120
Businesses Nearby
12k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Home Improvements & Furnishings 84% Apparel 16%
Harbor Freight Tools Home Improvements & Furnishings
9,852 visits/mo 0.3 miles
Goodwill Apparel
1,921 visits/mo 0.4 miles

Demographics for 37854, TN

12,614
Population
5,908
Households
2.1
Avg Household Size
47
Median Age
14%
College-Educated
86%
High-School Grad
136.4 sq mi
ZIP Area
92
Density / Sq Mi
$49,098
Median Household Income
$32,554
Median Earnings
$783
Median Rent
$154,600
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 - Fully occupied retail center anchored by national tenant Harbor Freight Tools.
Where is this shopping center located?
The property is located at 2305 N Gateway Ave Rockwood, TN.
What are key features of this property?
This property features: 68,286 SF shopping center on 6.92 acres of land; 16 retail bays within the center; 100% occupied
(954) 640-1100 Call to check price and availability
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