Current Use by Public Records
- Lifestyle centers
Property Details for 7100 Hixson Pike
- Year built
- 2024
- Lot size
- 1.80 lot acres
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional investment opportunity presents a brand-new, single-tenant, free-standing Dollar General store in Chattanooga, Tennessee. Located at 7100 Hixson Pike in Hamilton County (zip code 37343), this Class A property boasts 10,566 square feet on a 1.8-acre lot, built in 2024. The property features 33 parking spaces and benefits from a highly favorable 15-year absolute NNN lease with a credit-rated, corporate-guaranteed tenant. Rent increases are structured with a 5% bump every five years throughout the initial term and each of the five, five-year renewal options. The current lease term is 15.1 years, providing long-term stability and predictable income. The property's strong financial performance is reflected in its 6.25% cap rate and a Net Operating Income (NOI) of $171,848, with an asking price of $2,749,561 ($260.23 per square foot). The location is strategically positioned near Hixson High School, providing excellent visibility and accessibility. This is a rare opportunity to acquire a high-quality, net-leased retail property with a strong tenant and significant upside potential. 100% occupancy ensures immediate cash flow.
Value Estimations
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chattanooga
- County
- Hamilton
- State
- Tennessee
- Longitude
- -85.1836
- Latitude
- 35.1674
