Contacts

Tyson Glasser

Trinity Partners - Columbia

Property Details

Property Type Retail - Restaurant
Property Size 1,200 SF
Additional Rent Contact for pricing
Date Updated Dec 10, 2024

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.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.

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Highlights

2022 construction and a 10-year absolute NNN lease with 3% annual rent bumps and 4 renewal options of 5 years each
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
The Larry H. Miller Company, a real estate and entertainment investment company, acquired a majority stake in 2022, which was later named Deal of the Year by Franchise Times
The company recently hired former Dutch Bros Coffee VP, Daniel Batty, as CDO and plans to open 1,000+ new stores nationwide and internationally over the next 6-7 years
Hixson is a dynamic trade area along the Tennessee River with over 4.3 million SF of retail that is 98% occupied (CoStar)
The Property is located in between the heavily commuted Hwy 153/319 intersection and CHI Memorial Hospital – Hixson Campus
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
Affluent average HH income of $107,000 and median HH income of $79,250 within a 3-mile radius
Chattanooga is the 4th largest city in the state, welcomes nearly 16 million visitors who spend roughly $1.5 billion annually, and is one of the most tax-friendly states in the nation
Chattanooga ranks #46 on The Milken’s Institute 2024 list of best performing large cities

Getting around

31/100
Walk Score ®
21/100
Transit Score ®
35/100
Bike Score ®

Powered by Walk Score ®

City Hixson, TN
Neighborhood Meadow Trace
Zip Code 37343
Market Chattanooga

Points of Interest

Grand Junction

4.17 miles
East Chattanooga

4.26 miles

MAPCO

0.14 miles
7-Eleven

0.18 miles
Kangaroo Express

0.65 miles
BP

1.12 miles
Harry's

1.14 miles
Walmart

1.43 miles
Circle K

1.50 miles
Shell

2.13 miles
Rivian

3.46 miles
ChargePoint

5.71 miles

Highland Plaza

1.30 miles
Hixson Plaza

1.46 miles
Big ridge Elementary School parking lot

1.63 miles
Hixson High School Parking Lot

2.21 miles
Academy Sports Parking

2.99 miles
Walgreens Parking

3.13 miles
Ridgeside Apartment Parking

3.19 miles
Choo Choo Barbeque Parking

3.25 miles
Don's Meat Shop Parking

3.28 miles

IHOP

0.08 miles
Smoothie King

0.13 miles
First Watch

0.16 miles
Logan's Roadhouse

0.32 miles
Subway

0.40 miles
Arby's

0.46 miles
Dunkin' Donuts

0.50 miles
Outback Steakhouse

0.51 miles
KFC

0.55 miles
Bojangles'

0.59 miles

TJ Maxx

0.68 miles
Walmart Neighborhood Market

1.47 miles
Big Lots

1.51 miles
ALDI

1.57 miles
Target

1.82 miles
Food City

1.86 miles
Walmart Supercenter

2.15 miles
Publix

2.46 miles
B&B Discount Sales Red Bank

2.62 miles
B & B Discount Sales

2.97 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.