7100 Hixson Pike | Hixson, TN 37343
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7100 Hixson Pike
Hixson, TN 37343
Dollar General | Hixson, TN · Retail Property For Sale
Investment Highlights
- NNN Single Tenant Investment Opportunity
- 15-Year Lease with Five (5), Five (5) Year Options
- Corporate Guarantee by Dollar General Corporation
- Located in the Chattanooga MSA near Hixson High School
- 5% Rent Increases Every 5 Years During the Initial Term and Each Option
Executive Summary
Randall Commercial Group, LLC is pleased to exclusively offer for sale this brand new, free-standing Dollar General located in Chattanooga, TN. The site is located in Hixson Pike just north of Chattanooga, at the north shore of the popular Chickamauga Lake, and only ±3 miles from Hixson High School. The subject property has a 15-year NNN lease with 5% increases every 5 years during the primary term and each option, and an estimated delivery date in November 2024. Dollar General is an investment-grade tenant with a Standard & Poor’s “BBB” credit rating.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
10,566 SF
Building Class
B
Year Built
2024
Price
£2,178,560
Price Per SF
£206
Net Initial Yield
6.25%
NOI
£136,160
Tenancy
Single
Number of Floors
1
Building FAR
0.13
Lot Size
1.80 AC
Zoning
R3 - Residential
Frontage
367 ft on Hixson Pike
PROPERTY TAXES
| Parcel Number | 092-063.02 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £72,704 |
PROPERTY TAXES
Parcel Number
092-063.02
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£72,704
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