Zaxby's (Early 10 Year Extension) 5013 Hixson Pike

Graystone Capital Advisors has been exclusively engaged to present for sale the fee-simple interest in a single-tenant Zaxby’s located in Hixson, Tennessee, an immediate suburb of Chattanooga. The 3,500 square foot drive-thru building sits on an 0.92 Acre Parcel with excellent visibility and access from Hixson Pike and Trinity Drive. The site benefits from being an outparcel to Home Depot, Lowe’s and Home Outlet, consistently driving traffic to and from the site. Additionally, the site is positioned at the on and off ramp of TN-153, which experiences a traffic count of 46,251 AADT. Hixson Drive itself has over 27,000 vehicles passing the site daily.
The tenant recently extended the lease early by ten years, showing their commitment to the location. The lease now extends to June 2035 with 1% annual bumps. There are zero landlord responsibilities as well as this is a true absolute net lease. The tenant is a strong franchise, actively growing in the Southeast. Please consult the Listing Agents for more information regarding the tenant and guarantor.
Hixson is the County Seat of Hamilton County, which is a stable economic driver for the local community. It is also an immediate suburb of Chattanooga, which has consistently been ranked #1 Best Places to live in Tennessee and has a robust, growing economy. The immediate area is dense with over 87,000 residents in a five mile radius with an affluent average household income exceeding $107,800.