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5114 153 Hwy
Hixson, TN 37343

$1,667,000 USD

Fast Food For Sale  •  1,200 SF

Property Details

  • Property Type Fast Food
  • Total Building Size 1,200 SF
  • Lot Size 0.54 AC
  • Building Class B
  • Year Built 2022
  • Cap Rate 6.00 %
  • Tenancy Single
  • Zoning C2
21 Transit Score
31 Walk Score

Highlights

2022 construction and a 10-year absolute NNN lease with 3% annual rent bumps and 4 renewal options of 5 years each
Swig Drinks, founded in 2010 and based in Utah, is a fast-growing brand in the beverage/snack category with almost 100 locations in 13 states
Hixson is a dynamic trade area along the Tennessee River with over 4.3 million SF of retail that is 98% occupied (CoStar)
Incredible traffic counts over 50,000 cars per day in front of the Property and booming population over 90,000 within a 5-mile radius of the Property
Affluent average HH income of $107,000 and median HH income of $79,250 within a 3-mile radius
Chattanooga is the 4th largest city in the state and welcomes nearly 16 million visitors who spend roughly $1.5 billion annually

Property Flyers

Cap Rate: 6.00 %

Major Tenants

Tenant SF Occupied Lease End Date
Swig 1,200 SF

Public Transportation

AirportDriveWalkDistance
Lovell Field 18 min - 10.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 16
Type: Surface
Included in Rent: Yes
Tyson Glasser 404-435-6312 Trinity Partners
Tyson Glasser 404-435-6312 Trinity Partners