5013 Hixson Pike Chattanooga, TN 37415

This exceptional investment opportunity presents a fee-simple interest in a thriving Zaxby's restaurant located at 5013 Hixson Pike, Chattanooga, TN 37415. The 3,500 square foot, single-tenant building, constructed in 2005, sits on a 0.92-acre lot and boasts a prime location as an outparcel to Lowe's and Home Depot, ensuring high visibility and traffic. The property benefits from its strategic position at the on/off ramp of TN-153, a major thoroughfare with over 46,000 AADT, and enjoys over 27,000 vehicles passing daily on Hixson Pike. The current lease, an absolute NNN with zero landlord responsibilities, features a recently extended term running until June 2035, providing 10.6 years of remaining lease term. Annual rent increases of 1% are built into the lease. The property's strong performance is reflected in its current NOI of $194,000 and a pro-forma NOI of $195,940, yielding a 6.00% cap rate and a pro-forma cap rate of 6.06%. The property is situated in a high-traffic area with excellent demographics, including over 87,000 residents within a five-mile radius and an average household income exceeding $107,800. Hixson, the county seat of Hamilton County, provides a stable economic base, and its proximity to Chattanooga, consistently ranked among Tennessee's best places to live, further enhances the property's value. The lease includes two five-year renewal options. This is a truly exceptional opportunity to acquire a stable, high-performing investment property in a rapidly growing market. The property's permitted zoning is commercial, and the parcel number is 110A-B-004.