7100 Hixson Pike - Freestanding FOR SALE


Hixson, TN 37343- Middle Valley
$2,643,809 USD
662-234-4044
7100 Hixson Pike, Hixson, TN for Sale
$2,643,809 USD
Freestanding - FOR SALE
1/4
null | 6.5% Cap Rate

7100 Hixson Pike
Hixson, TN 37343
Middle Valley


HIGHLIGHTS

  • NNN Single Tenant Investment Opportunity
  • Located in the Chattanooga MSA near Hixson High School
  • 15-Year Lease with Five (5), Five (5) Year Options
  • 5% Rent Increases Every 5 Years During the Initial Term and Each Option
  • Corporate Guarantee by Dollar General Corporation

OVERVIEW

Randall Commercial Group, LLC is pleased to exclusively offer for sale this brand new, free-standing Dollar General located in Hixson, TN (Hixson is now part of the City of Chattanooga). The site is located in Hixson Pike just north of Chattanooga, at the north shore of the popular Chickamauga Lake, and only ±3 miles from Hixson High School. The subject property has a 15-year NNN lease with 5% increases every 5 years during the primary term and each option, and a rent commencement date of November 13, 2024. Dollar General is an investment-grade tenant with a Standard & Poor’s “BBB” credit rating. The subject property is located on Hixson Pike, just north of downtown Chattanooga, TN on Chickamauga Lake. The Hixson store is about a mile north of both the Valleybrook Golf and Country Club and Creeks Bend Golf Club. It is across the street from Hixson Presbyterian Church and Stonewall Farms subdivision. It’s surrounded by neighborhoods, retail, restaurants, etc. The Chattanooga–Cleveland–Dalton, TN combined statistical area is one of the largest industrial and manufacturing hubs in the state of Tennessee, and Chattanooga is a popular college town due to the presence of UT Chattanooga, with over 11,300 students and 116 undergraduate programs.

FOR SALE DETAILS

PRICE

$2,643,809 USD

PRICE/SF

$250 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General | Hixson, TN (Chattanooga)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.8 AC

LAND SF

78,408 SF

ZONING

R3

APN/PARCEL ID

092-063.02

ASK ABOUT THIS PROPERTY

Elizabeth RandallRandall Commercial Group, LLCMore Info
662-234-4044

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Elizabeth RandallRandall Commercial Group, LLCMore Info
662-234-4044

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