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Multi-Tenant Retail | Sbux DriveThru 5513 Highway 153

15,282 SF 100% Leased 4-Star Retail Building Hixson, TN 37343 $8,187,000 ($536/SF) 6.75% Cap Rate

Investment Highlights

  • Strong, E-Commerce Resistant Tenant Lineup | 100% Leased Starbucks With Drive-Through | 5 Years WALT | NNN Leases
  • Strong Demographics In 5-Mile Trade Area | Affluent 6-Figure AHHI
  • Excellent Visibility & Access | Adjacent to ALDI Anchored Center |Dense Retail Corridor | Nearby National/Credit Tenants

Executive Summary

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a freestanding with drive-through, multi-tenant retail building investment property located in Hixson, Tennessee. The offering features a strong food and service-based tenant lineup of Starbucks, Crumble Cookies, I Heart Mac And Cheese, T-Mobile, Sega Dental, and 100 Food Sushi. The tenants operate under leases that are NNN in nature, limiting expense leakage for a future investor. Additionally, Starbucks is equipped with an end-cap drive-through lane, which provides ease and convenience for customers. The building is recently built in 2021 featuring a state-of-the-art design and high-quality materials. The property is at 100% occupancy, providing stable cash income stream, ideal for a future passive investor.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
15,282 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2021
Price
$8,187,000
Price Per SF
$536
Cap Rate
6.75%
NOI
$552,627
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
1.97 AC
Zoning
C-2 - Convenience Commercial, intended for retail, consumer service, financial, restaurant, and office users
Parking
86 Spaces (5.63 Spaces per 1,000 SF Leased)
Frontage
300 FT on Highway 153

Amenities

  • Freeway Visibility
  • Pylon Sign
  • Restaurant
  • Signage
  • Drive Thru

Nearby Major Retailers

ALDI
Gold's Gym
Starbucks
Olive Garden Italian Rstrnt
Longhorn Steakhouse
Applebee's
Planet Fitness
Waffle House
Bank of America
Truist

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
099L-E-012
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,483,920
  • Listing ID: 31459273

  • Date on Market: 4/9/2024

  • Last Updated:

  • Address: 5513 Highway 153, Hixson, TN 37343

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