Fort Oglethorpe – Battlefield Centre

Battlefield Centre in Fort Oglethorpe, Georgia is a 202,409 square foot retail center in the Chattanooga MSA.  Located just south of the Tennessee border, the center is well placed within the Chattanooga MSA, which includes 500,000 residents and is the fourth largest MSA in Tennessee. Battlefield Centre has a diverse tenant mix with many national and regional retailers, including Tractor Supply Company, Aaron’s, Hamrick’s, Planet Fitness, Dirt Cheap. The property is located on Battlefield Parkway, the main retail thoroughfare serving Fort Oglethorpe, with over 35,000 vehicles passing by the center per day. The adjacent property includes Home Depot, Michael’s, Aldi’s, and Dollar Tree. Other national retailers in the area include Publix, Walmart, Lowes, Hobby Lobby, and a host of other well-known chains.  Since its acquisition in mid-2019, Vanguard has embarked upon a renovation of the property, including new storefront canopies, LED parking lot lights, painting, and improvements to the parking lot.  The property has very strong leasing momentum, and, in addition to an attractive Cap Rate and cost-per-foot at acquisition, offers significant future upside via improved leasing as well as getting below-market rents to a market compatible level as such opportunities arise.