5525 Highway 153 | Hixson, TN 37343
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- LoopNet Team
5525 Highway 153
Hixson, TN 37343
Olive Garden · Retail Property For Sale
Investment Highlights
- 12 Years Remaining on a Absolute NNN Lease | Corporately Guaranteed by GMRI, Inc (Darden NYSE: DRI) | Zero LL Responsibilities | 1% Annual Rent Inc
- Excellent Residual Real Estate Value - Large 2.23 Acre Parcel - 7, 495 SF Building | Newly Renovated
- TN - Non Income Tax State | Chattanooga MSA - Low 2.9% Unemployment, 2.8% Vacancy Rate and Thriving Economy | Over 11M People Live Within 2 Hours
- Corner Pad Entrance to Towne Center North - 200k SF Target Anchored Power Center - Hixson's Retail Epicenter
- Signalized Intersection Along TN Hwy 153 - a Major 7 Lane Travel Corridor with 45,600+/- ADT
- BBB Investment Grade Credit | Darden Restaurants Has $18.87 Billion Market Cap
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
7,458 SF
Building Class
B
Year Built
2006
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
2.23 AC
Zoning
C2
Parking
25 Spaces (3.35 Spaces per 1,000 SF Leased)
Frontage
169 FT on Tn-153 Hwy
PROPERTY TAXES
| Parcel Number | 099L-D-002 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,178,320 |
PROPERTY TAXES
Parcel Number
099L-D-002
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,178,320
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