Multi-Tenant Retail | Sbux DriveThru 5513 Highway 153 15,282 SF 100% Leased 4-Star Retail Building Hixson, TN 37343 £5,951,093 (£389.42/SF) 7% Net Initial Yield

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 FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
15,282 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2021
Price
£5,951,093
Price Per SF
£389.42
Net Initial Yield
7%
NOI
£416,559
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.18
Lot Size
1.97 AC
Zoning
C-2 - Convenience Commercial, intended for retail, consumer service, financial, restaurant, and office users
Parking
86 Spaces (5.63 Spaces per 1,000 SF Leased)
Frontage
300 ft on Highway 153

AMENITIES

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

NEARBY MAJOR RETAILERS

Gold's Gym
Starbucks
Olive Garden
LongHorn Steakhouse
Applebee's
Waffle House
Planet Fitness
7 Brew Coffee
Bank of America
Truist

PROPERTY TAXES

  • Listing ID: 31459273

  • Date on Market: 09/04/2024

  • Last Updated:

  • Address: 5513 Highway 153, Hixson, TN 37343