Multi-Tenant Retail | Sbux DriveThru 5513 Highway 153

5513 Highway 153 , Hixson, Tennessee, 37343 | 15,282 sq.f | $ 8,067,000

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About This Restaurant

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 Details

  • Sale Type    Investment
  • Property Type    Retail
  • Property Subtype    Restaurant Restaurant General Retail Freestanding Restaurant
  • Building Size    15,282
  • Building Class    B
  • LoopNet Rating    4 Star
  • Year Built    2021
  • Price    8,067,000
  • Price Per SF    528
  • Cap Rate    6.75
  • NOI    544,495
  • Percent Leased    100
  • Tenancy    Multiple
  • Building Height    1 Story
  • Building FAR    0.18
  • Land Acres    1.97 AC

Amenities

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

Nearby Amenities & Transportation

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

Property Taxes

Parcel Number 099L-E-012 Improvements Assessment $0
Land Assessment $0 Total Assessment $1,483,920
Date Created: 2024-07-16 04:23:37 Last Updated: 2024-07-16 04:23:37
Address: 5513 Highway 153 , Hixson, Tennessee, 37343