5114 153 Hwy - Fast Food FOR SALE


Hixson, TN 37343
$1,667,000 USD
404-435-6312
5114 153 Hwy, Hixson, TN for Sale
$1,667,000 USD
Fast Food - FOR SALE
1/3
null | 6% Cap Rate

5114 153 Hwy
Hixson, TN 37343


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

OVERVIEW

Trinity Partners is proud to serve as exclusive listing broker on behalf of ownership and present this net lease retail investment opportunity in the Chattanooga MSA occupied by Swig Drinks, a popular and growing beverage company that is sweeping the nation with almost 100 existing and coming soon locations. (“Swig” or the “Property”). The half-acre site was originally developed in 2022 for a local QSR brand. In October of 2024, Swig executed a 10-year lease to take over the 1,200 SF drive-thru building. The lease is structured as absolute triple net (“mailbox money”) with 3% rent bumps annually and multiple 5-year renewal options. A personal guaranty accompanies the lease. The Property is located 8 miles from both downtown Chattanooga and the Metro Airport in the growing suburban community of Hixson. It’s situated on 6-lane Hwy 153, the market’s primary commercial corridor with traffic counts in excess of 50,000 cars per day. Chattanooga is centrally located between Atlanta, Nashville, Knoxville and Birmingham, and is a Top 50 performing metro area.

FOR SALE DETAILS

PRICE

$1,667,000 USD

PRICE/SF

$1,389 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Swig - Chattanooga MSA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.54 AC

LAND SF

23,522 SF

ZONING

C2

APN/PARCEL ID

110J-B-020.03

ASK ABOUT THIS PROPERTY

Tyson GlasserTrinity PartnersMore Info
404-435-6312

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Tyson GlasserTrinity PartnersMore Info
404-435-6312

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.