Menu
We are pleased to announce the acquisition of Gadd Crossing, an Aldi-Anchored Shopping Center located at 5510 TN-153 in Hixson Tennessee. Gadd Crossing is a 94% occupied, newly renovated shopping center that features a 22,323 square foot Aldi. The property is located approximately 7 miles north of downtown Chattanooga and adds a secure and stable income stream to FNRP’s growing portfolio of premier real estate assets throughout the United States.
“Entering the Tennessee market has been a company goal of ours so we are very excited to be acquiring Gadd Crossing, a landmark asset in the Chattanooga market”, said Matt Annibale, Director of Acquisitions at FNRP. “Aldi is one of the fastest-growing grocery chains in the country and they recently made a significant reinvestment in their store at the center. They are complimented here by a strong lineup of internet-resistant, daily needs tenants, which is a key attribute of the center.”
Get instant access to all of our current and past commercial real estate deals.
NOTICE: An investment in commercial real estate is speculative and subject to risk, including, inter alia, the risk that all of your investment may be lost. Any representations herein concerning the viability and profitability of investing in commercial real estate, including, without limitation, the stability, diversification, security, resistance to inflation and any other representations as to the merits of investing in commercial real estate reflect our belief concerning the representations and may or may not come to be realized. Cash distributions and any specific returns are not guaranteed. Securities are only available to verified accredited investors who can bear the risk of loss of their investment.
The information contained herein, including text, graphics, images and information, is general in nature and is for informational and illustration purposes only.
FNRP makes no representations or warranties of any nature whatsoever regarding any tax matters, including, without limitation, the ability of an investor to invest in FNRP with its specific self-directed IRA vehicle. The investor should independently obtain advice from his or her own independent legal counsel and/or tax accountant and/or IRA servicer regarding any such investment and the tax benefits and burdens associated with same.
*All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them. Any product names, logos, brands, and other trademarks or images featured or referred to within are the property of their respective trademark holders. None of the trademark holders are affiliated with FNRP.
Copyright ©2024. FNRP. All Rights Reserved
