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5414 Hixson Pike
Hixson, TN 37343

Former Earth Fare Center · Retail Property For Sale

Investment Highlights

  • 38,843 Square Foot Former Grocery Anchored Center in Chattanooga, Tennessee with 32,180 Square Foot Anchor Space Now Vacant
  • Extensive Recent Capital Improvements
  • Income From Existing Tenants Covers All Expenses to Support Positioning of the Vacant Space
  • High Growth Market

PROPERTY FACTS

Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
39,705 SF
Building Class
B
Year Built
1983
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.31
Lot Size
2.98 AC
Zoning
C-2
Parking
104 Spaces (2.62 Spaces per 1,000 SF Leased)
Frontage
85 FT on Hixson Pike

Amenities

  • Pylon Sign
  • Signage

About 5414 Hixson Pike , Hixson, TN 37343

This former grocer anchored center located in Tennessee, offers a significant repositioning opportunity in the rapidly growing Chattanooga market. The property is well located and the current income from existing tenants creates a positive NOI that will carry the property through a repositioning effort. Current tenants include Farm Bureau Insurance and Elliott’s Boots. Farm Bureau Insurance is a corporate tenant offering a full array of insurance products at this retail location including automobile, home, health and life insurance coverage. Elliot’s Boots is an established omni-channel retailer with seven store locations offering a large selection of work and casual footwear. The rent paid by these tenants covers expenses by a comfortable margin creating a positive net operating income to support the repositioning of the former Earth Fare space.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
100O-D-022
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,145,920
  • Listing ID: 16962217

  • Date on Market: 8/19/2019

  • Last Updated:

  • Address: 5414 Hixson Pike, Hixson, TN 37343

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