6923 Middle Valley Rd - Freestanding FOR SALE


Hixson, TN 37343
$763,000 USD
423-838-3600
6923 Middle Valley Rd, Hixson, TN for Sale
$763,000 USD
Freestanding - FOR SALE
1/8
null | Request Cap Rate

6923 Middle Valley Rd
Hixson, TN 37343


OVERVIEW

Exclusive NNN Dollar General Investment – Hixson, TN Herman Walldorf Commercial presents a rare opportunity to acquire a single-tenant, net-leased Dollar General at 6923 Middle Valley Road in Hixson, TN. This asset features a corporate-guaranteed lease, offering stable, passive income backed by one of the nation’s leading discount retailers. Ideal for investors seeking reliable cash flow and minimal management. Property Specs: 8,725 square feet 2.15 acres Adjacent space is home to a new United Grocery Outlet, opened Spring 2024 Zoned C-2 Store Specs: Well-established Dollar General Store operating for 20+ years DG recently exercised a 5-year renewal that commenced in March of 2024 with 7% increases in rent and CAM. Tenant reimburses Landlord for property taxes and insurance Annual Rent: $46,365.24 Annual CAM: $7,384.20 DG has one additional option to renew for another 5-year period in 2029 with a 7% increase in rent and CAM. Recent Improvements: New 20-year roof in 2019 New exterior paint in 2020 New ceiling tiles throughout interior in 2020 Both HVAC units rebuilt in 2020 and 2021 Parking Lot resurfaced and paved in 2021 Proximity: Circle K Gas station and two small strip centers immediately adjacent to the the property Hixson High School approximately 2 miles south of the property Countless national retailers just 3.5 miles away in the Northgate Mall area Downtown Chattanooga only a 20 minute drive from the site Highways 153 and 27 are within 5 miles Approximately 14,000 vehicles per day on Middle Valley Road The subject investment property is on Middle Valley Rd in Hixson, Tennessee. There are more than 45,000 residents residing within a 3-mile radius of the property and more than 95,000 individuals residing within a 5-mile radius. The average household income is $81,000 within a 3-mile radius. This Dollar General benefits from being well-positioned near several residential neighborhoods whose residents use the Middle Valley corridor to travel to and from work, shopping, medical appointments, or other errands, and pass the store on their way to another grocery/convenience/general store. Major national tenants in the immediate area and just a few miles southwest of the property in the Northgate Mall market are countless and help to drive traffic to this area. The mall itself is home to 54 stores and attracts just under 6,000,000 annual visitors. Hixson High School is just 2 miles south of the property and has just under 1,000 students grades 9-12 enrolled. Valleybrook Golf Course is 1.5 miles south of the property and is currently undergoing a huge transformation to offer more amenities to members and guests alike. Hixson, Tennessee is an unincorporated community and neighborhood in the city of Chattanooga, Tennessee. It is a northern suburb of Chattanooga that has experienced tremendous growth over the last decade with many new restaurants, retailers, businesses, offices and shopping centers developed in the area. Nestled among Chattanooga, the Tennessee River, Chickamauga Lake, and Walden’s Ridge, Hixson offers residents and guests many attractions including the Chickamauga Dam, Greenway Farms park, North Chickamauga Creek Conservancy and Chester Frost Park. The nearby Volkswagen Plant employs more than 5,000 employees. Chattanooga is home to some of the state’s largest employers including Tennessee Valley Authority (TVA), BlueCross BlueShield of Tennessee, McKee Foods Corporation, Unum, CIGNA Healthcare, and Volkswagen Chattanooga. The Chattanooga market is billed as a top destination for outdoor activities and has twice been named the “Best Town Ever” by Outside Magazine. Downtown Chattanooga is just a 20 minute drive from the subject property

FOR SALE DETAILS

PRICE

$763,000 USD

PRICE/SF

$88 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

1.47 AC

LAND SF

64,033 SF

ZONING

-

APN/PARCEL ID

091-057.06

ASK ABOUT THIS PROPERTY

Benjamin PittsHerman Walldorf Commercial, Inc.More Info
423-838-3600

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Benjamin PittsHerman Walldorf Commercial, Inc.More Info
423-838-3600

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.