Hixson Pike Restaurant/Retail
5149 Hixson Pike, Chattanooga, TN 37343
For Sale
Contact for pricing
Restaurant/retail space on Hixson Pike, includes established business.
Property Size4,428 SF
Price / SF$133.13
Days on Market252
Property Features for 5149 Hixson Pike
General Information
Standard status
Size
Class
Total Parking Spaces
Property subtype
Zoning
Occupancy
Lease Type
Building Details
Year Built
Year Renovated
Buildings
Stories
Units
Tenancy
Listing Agency:
Keller Williams Realty
Listed By:
Jeffrey Dodson · License TN #336360
(423) 400-1984
Source:
Crexi
Added: Mar 3
Changed: Nov 2
Last Checked: Nov 8 at 6:01AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property at 5149 Hixson Pike is a 4,400+ square feet restaurant/retail space located at the corner of Hixson Pike and Austin Road. The sale includes the business currently operating there. The property has been home to a deli for well over 20 years and is a staple in the community. This end unit is part of a larger strip located on Hixson Pike, a busy main road. The intersection is signalized, providing access from both Hixson Pike and Austin Road. Parking is available. The location benefits from high traffic counts, exceeding 30,000 cars per day, offering significant exposure.
Key Highlights
- High‑traffic location on Hixson Pike with over 30,000 cars per day, providing excellent exposure.
- Includes the sale of the established and well‑known Nicks Deli business.
- Features 4,400+ square feet of restaurant/retail space.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,207
Cap Rate
6.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$824,140
$824.1K
Cap Rate 7%
$588,671
$588.7K
Cap Rate 9%
$457,856
$457.9K
Market Conditions
NOI Build-Up for 4,428 SF
Gross rent
$58.4K $13.20/SF
− Vacancy
−$3.5K −$0.79/SF
EGI
$54.9K $12.41/SF
− OpEx
−$13.7K −$3.10/SF
NOI
$41.2K $9.31/SF
Area
Chattanooga, TN
Vacancy
6.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$824,140
Cap Rate 7%
$588,671
Cap Rate 9%
$457,856
Alternative Uses
Best Use
Specialty Retail
$588.7K
$515.1K – $686.8K
NOI $41,207 @ 7.0% cap · market cap 6.99%
Second Best
Retail
$488.9K
$427.8K – $570.3K
NOI $34,220 @ 7.0% cap · market cap 5.80%
Theoretical Best
Office A
$977.9K
$855.7K – $1.14M
NOI $68,456 @ 7.0% cap · market cap 11.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,213
Businesses Nearby
414k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 38%
Shops & Services 36%
Apparel 15%
Home Improvements & Furnishings 10%
Hobby Lobby
Shops & Services
50,813 visits/mo
0.4 miles
The Home Depot
Home Improvements & Furnishings
40,285 visits/mo
0.3 miles
Texas Roadhouse
Dining
35,483 visits/mo
0.5 miles
Belk
Apparel
34,285 visits/mo
0.5 miles
Gabe's
Shops & Services
28,254 visits/mo
0.4 miles
Demographics for 37343, TN
43,626
Population
19,031
Households
2.3
Avg Household Size
42
Median Age
38%
College-Educated
93%
High-School Grad
42.1 sq mi
ZIP Area
1,036
Density / Sq Mi
$79,177
Median Household Income
$45,151
Median Earnings
$1,258
Median Rent
$275,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant/retail space on Hixson Pike, includes established business.
Where is this conventional restaurant located?
The property is located at 5149 Hixson Pike Chattanooga, TN.
What is the asking price?
The asking price for this property is $589,500.
What are key features of this property?
This property features: High‑traffic location on Hixson Pike with over 30,000 cars per day, providing excellent exposure.; Includes the sale of the established and well‑known Nicks Deli business.; Features 4,400+ square feet of restaurant/retail space.
