5307 Highway 153
Hixson, TN 37343

The Cooper Commercial Investment Group has been exclusively retained by ownership to sell the 100% fee simple interest in Meadows, a 7,000 S.F. retail center optimally located in Hixson (Chattanooga), Tennessee. The property is being offered for $2,950,000, representing a 6.65% CAP Rate. The new (2016) trophy center is home to Visionworks, the leading provider of eyecare and Sleep Outfitters who will be opening for business in the coming months on a brand-new 10-year lease. The property boasts full occupancy with both tenants on Triple Net (NNN) Leases with mid-term rental increases. These tenants are desirable, strong and highly successful with multiple locations throughout the country. The center was leased very rapidly since its completion and tenants find the center to provide them with an ideal location for commercial activity in the heart of the retail corridor in one of the fastest growing suburbs of Chattanooga.