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Miller’s Ale House - Abs NNN, 10 Yrs Term 574 Northgate Mall dr

6,343 SF Retail Building Hixson, TN 37343 $4,475,000 ($706/SF) 5.50% Cap Rate

Restaurants Tennessee Hixson 574 Northgate Mall dr, Hixson, TN 37343

Investment Highlights

  • Absolute NNN, Single-Tenant Miller*s Ale*House Positioned Directly In Front of Northgate Mall at the TN-153 & Hixson Pike Interchange
  • Newer Construction (2022): Desirable Curb Appeal and Excellent Visibility from TN-153
  • Upgraded Exterior Featuring Brick, Stucco and Oversized Windows and Garage Door Patio with Highly Visible Monument Signage
  • Desirable Newer Lease with 10-Years of Term Remaining, Mid-Term Annual Increases, and (4) 5-Year Options to Extend
  • Ideal Demographics in High Barrier-to-Entry, Growing Market: Densely Populated Area with 85k+ People & Average Household Incomes Over $91k+ (5 mile)
  • Strategic Location in Direct Vicinity (0.8 Miles) of CHI Memorial Hixson with More Than 3,500 Employees, 660+ Medical Staff Members and 500 Volunteers

Executive Summary

Strong Tenancy: National Competitor Based on Its Diverse Menu with Expected Significant Growth of Opening 10-15 New Restaurants Per Year - Currently 100+ Locations in 10 States

Highly Visible Signage, Ease of Access Off Northgate Mall Drive Encircling the Mall & Outparcel Shops (83,885+ VPD Surrounding the Property) and Multiple Points of Ingress/Egress
Strategic Location in Direct Vicinity (0.8 Miles) of CHI Memorial Hixson with More Than 3,500 Employees, 660+ Medical Staff Members and 500 Volunteers

Chattanooga Suburb (7.5 Miles to Downtown) & Easily Accessible Location, Just 8 Miles North of the Chattanooga Airport

Attachments

Full Offering Memorandum

Financial Summary (Actual - 2024) Click Here to Access

Annual Annual Per SF
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2024) Click Here to Access

Gross Rental Income
Annual -
Annual Per SF -
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual -
Annual Per SF -
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,343 SF
Year Built
2022
Price
$4,475,000
Price Per SF
$706
Cap Rate
5.50%
NOI
$246,157
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.50 AC
Parking
150 Spaces (23.65 Spaces per 1,000 SF Leased)

Amenities

  • Signage

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Miller's Ale House
  • -
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Miller's Ale House - 99,999 SF - Lorem Ipsum Jan 0000

Links

1 of 1
574 Northgate Mall dr, Hixson, TN - aerial map view

Nearby Major Retailers

SmartBank
Outback Steakhouse
Krystal
Buddy's Bar-B-Q
Miller's Ale House
Applebee's
Salsarita's Fresh Cantina
Old Chicago Pizza
Crunch
Logan's Roadhouse

PROPERTY TAXES

Parcel Number 110H-E-003.01 Improvements Assessment $0
Land Assessment $0 Total Assessment $1,517,600

PROPERTY TAXES

Parcel Number
110H-E-003.01
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,517,600
(440) 915-7902

Contacts

  • Listing ID: 34048677

  • Date on Market: 12/2/2024

  • Last Updated:

  • Address: 574 Northgate Mall dr, Hixson, TN 37343

More public record information on 574 Northgate Mall dr, Hixson, TN 37343

The Retail Property at 574 Northgate Mall dr, Hixson, TN 37343 is currently available for sale. Contact Cooper Commercial Investment Group for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

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Miller’s Ale House - Abs NNN, 10 Yrs Term | 574 Northgate Mall dr
(440) 915-7902 x

Miller’s Ale House - Abs NNN, 10 Yrs Term | 574 Northgate Mall dr

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Daniel Cooper

(440) 915-7902

(440) 915-7902

Bob Havasi

(216) 562-1981

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(216) 562-1981 x10

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