5226 Hwy 153
Chattanooga, Hixson
Price:
$7,550,133
Cap Rate:
5.25%
NOI:
$396,382
Building Size:
Approx. 5,464 Sq. Ft.
Lot Size:
Approx. 1.56 Acres
Type:
Single-Tenant / Retail
Sub Category:
Convenience / Gas
Year Built:
2023
Investment Overview
- 2023 Construction. 5,464 +/- SF Building on 1.56+/- Acre Site
- Brand New 15-Year Absolute NNN Corporate Lease w/ 7.5% Rental Increases and (4) 5-Year Options
- Strategic Highway Location with RIRO Access and Strong Traffic Counts (70K Combined VPD)
- Anchored by Starbucks, Chipotle, and Smoothie King and Shadow Anchored by CVS
- Subject Property is Also Anchored by CHI Memorial Hospital Hixon (73-Bed Hospital)
- 7-Eleven (S&P Rated A) is the Largest Chain Store Operator in the World
- Chattanooga | Fastest Growing City in Tennessee | Population: 182,000+