7100 Hixson PikeChattanooga, TN 37343

Property Details for 7100 Hixson Pike

Year built

2024

Lot size

1.80 AC

Property size (Sq ft)

10,566 SF

Property type

Retail properties

Property subtype

Lifestyle 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.

Location Insight

City

Chattanooga

County

Hamilton

State

Tennessee

Latitude

35.1674

Longitude

-85.1836

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