Swig - Chattanooga MSA

5114 Hwy 153, Hixson, TN 37343

  • For Sale $1,667,000
  • Property Type Retail - Restaurant
  • Property Size 1,200 SF
  • Additional Rent Contact for pricing
  • Date Updated Nov 12, 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

Contacts

broker

Tyson Glasser

Trinity Partners - Columbia

Location

Getting Around

  • Walk Score ®

    31/100 Car-Dependent

  • Transit Score ®

    21/100 Minimal Transit

  • Bike Score ®

    35/100 Somewhat Bikeable
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

Frequently Asked Questions

How much does Swig - Chattanooga MSA cost?

The space currently listed for sale at Swig - Chattanooga MSA asks for $1,667,000.

What is the total square footage of Swig - Chattanooga MSA?

Swig - Chattanooga MSA totals 1,200 square feet.

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Contact Listing Broker

broker

Tyson Glasser

Trinity Partners - Columbia