Multi-Tenant Retail | Sbux DriveThru 5513 Highway 153 15,282 SF 100% Leased 4-Star Retail Building Hixson, TN 37343 $10,948,786 CAD ($716.45 CAD/SF) 7% Cap Rate

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
$10,948,786 CAD
Price Per SF
$716.45 CAD
Cap Rate
7%
NOI
$766,383 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
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’ on Highway 153

AMENITIES

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

NEARBY MAJOR RETAILERS

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

PROPERTY TAXES

  • Listing ID: 31459273

  • Date on Market: 2024-04-09

  • Last Updated:

  • Address: 5513 Highway 153, Hixson, TN 37343