Oak Ridge Shopping Center

849 Main St W, Oak Ridge, TN

Strong National Tenant Lineup
79% of GLA and Revenue are generated by national or regional tenants, including Staples as the anchor with over 27 years of operating history at the center
Major Retail Corridor
Center is located within Oak Ridge’s largest retail corridor with Walmart, Dick’s, TJ Maxx, Ross, Five Below, Kroger and others located in close proximity to the center
Located at the doorstep of Main St Oak Ridge
The market’s largest power center
Anderson County, TN has a 98% retail occupancy rate, proving the strong fundamentals of the market
Income Stability and NOI Growth
Tenant’s representing 84% of GLA and 77% of rental revenue have options with rental increases in place
Annual Rental Increases in current lease terms and renewal periods provide organic income growth for the Landlord
Growing Market
Oak Ridge has experienced over 14% growth since 2019
Employment grew almost 7% from 2023-2024
Recent Leasing Momentum
There are 6 new leases that have been executed since the beginning of 2023
Short-term WALT among current occupying tenants gives Landlord future flexibility across the Rent Roll