5114 153 Hwy | Hixson, TN 37343
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5114 153 Hwy
Hixson, TN 37343
Swig - Chattanooga MSA · Retail Property For Sale
Investment Highlights
- 2022 construction and a 10-year absolute NNN lease with 3% annual rent bumps and 4 renewal options of 5 years each
- Hixson is a dynamic trade area along the Tennessee River with over 4.3 million SF of retail that is 98% occupied (CoStar)
- Affluent average HH income of $107,000 and median HH income of $79,250 within a 3-mile radius
- Swig Drinks, founded in 2010 and based in Utah, is a fast-growing brand in the beverage/snack category with almost 100 locations in 13 states
- Incredible traffic counts over 50,000 cars per day in front of the Property and booming population over 90,000 within a 5-mile radius of the Property
- Chattanooga is the 4th largest city in the state and welcomes nearly 16 million visitors who spend roughly $1.5 billion annually
Executive Summary
Trinity Partners is proud to serve as exclusive listing broker on behalf of ownership and present this net lease retail investment opportunity in the Chattanooga MSA occupied by Swig Drinks, a popular and growing beverage company that is sweeping the nation with almost 100 existing and coming soon locations. (“Swig” or the “Property”).
The half-acre site was originally developed in 2022 for a local QSR brand. In October of 2024, Swig executed a 10-year lease to take over the 1,200 SF drive-thru building. The lease is structured as absolute triple net (“mailbox money”) with 3% rent bumps annually and multiple 5-year renewal options. A personal guaranty accompanies the lease.
The Property is located 8 miles from both downtown Chattanooga and the Metro Airport in the growing suburban community of Hixson. It’s situated on 6-lane Hwy 153, the market’s primary commercial corridor with traffic counts in excess of 50,000 cars per day. Chattanooga is centrally located between Atlanta, Nashville, Knoxville and Birmingham, and is a Top 50 performing metro area.
The half-acre site was originally developed in 2022 for a local QSR brand. In October of 2024, Swig executed a 10-year lease to take over the 1,200 SF drive-thru building. The lease is structured as absolute triple net (“mailbox money”) with 3% rent bumps annually and multiple 5-year renewal options. A personal guaranty accompanies the lease.
The Property is located 8 miles from both downtown Chattanooga and the Metro Airport in the growing suburban community of Hixson. It’s situated on 6-lane Hwy 153, the market’s primary commercial corridor with traffic counts in excess of 50,000 cars per day. Chattanooga is centrally located between Atlanta, Nashville, Knoxville and Birmingham, and is a Top 50 performing metro area.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,200 SF
Building Class
B
LoopNet Rating
4 Star
Year Built/Renovated
2022/2024
Price
$2,362,922 CAD
Price Per SF
$1,969 CAD
Cap Rate
6%
NOI
$141,747 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.54 AC
Zoning
C2
Parking
16 Spaces (13.33 Spaces per 1,000 SF Leased)
Frontage
100 ft on Tennessee 153
PROPERTY TAXES
| Parcel Number | 110J-B-020.03 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $283,673 CAD |
PROPERTY TAXES
Parcel Number
110J-B-020.03
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$283,673 CAD
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