Multi-Tenant Retail | Sbux DriveThru
19,200 SF | 87% Leased | 4-Star Retail Building | Hixson, TN 37343 | $7,542,000 ($393/SF) | 6.25% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $7,542,000
- Property Type
-
Retail, Restaurant
- Square Feet
- 19,200 SF
- Price / Square Foot
- $393
Listing Contacts
Patrick Luther
Verified Profile
Matthew Mousavi
Verified Profile
Christopher Tramontano
Verified Profile
- Property Info
Property Overview
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 87% occupancy, providing a value-add opportunity for a future owner through leasing the remaining vacancy.
Property Details
- Class
- B
- Year Built
- 2021
- Stories
- 1
- Property Subtype
- Freestanding
- Lot Size (sq. ft)
- 89,298 SF
Highlights
- Strong, E-Commerce Resistant Tenant Lineup | 87% Leased Starbucks With Drive-Through | 5 Years WALT | NNN Leases
- Excellent Visibility & Access | Adjacent to ALDI Anchored Center |Dense Retail Corridor | Nearby National/Credit Tenants
- Strong Demographics In 5-Mile Trade Area | Affluent 6-Figure AHHI
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