Map of Property

Petro's Chili & Chips - Chattanooga MSA

5114 Highway 153, Hixson, TN 37343

  • For Sale $1,900,000
  • Property Type Retail - Restaurant
  • Property Size 1,200 SF
  • Lot Size 0.54 Acre
  • Parking Spaces Avail. 16
  • Property Tenancy Single Tenant
  • Year Built 2022
  • Date Updated Jan 23, 2025
Hixson TNRealtyLink is proud to offer the marketplace this newly constructed and absolute triple net leased Petro's Chili & Chips in the Chattanooga TN metro area. Petro's is a regional quick-service restaurant brand founded in 1982 in Knoxville TN serving American comfort food in a combination of 22 indoor dining, drive-thru and walk-up locations in TN, NC and AK. The 20-year corporate and personally guaranteed lease commenced in September 2022 with 10% rent bumps every 5 years and 4 renewal options of 5 years each. The property is located 8 miles north of downtown Chattanooga in the popular Hixson suburb on one of the most heavily traveled corridors in the region with 50,000+ cars passing in front of the store daily. Chattanooga is the 4th largest city in the state and is one of the most progressive and livable mid-size cities in the US.
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Attachments

Highlights

  • 20-year absolute NNN corporately and personally guaranteed lease with 4 renewal options at 5 years each and 10% rent bumps every 5 years
  • Popular and growing 40-year old regional brand with 22 current locations spread across three Southeast states
  • 2022 quality construction with ZERO landlord responsibilities located 8 miles north of downtown Chattanooga
  • Hixson is a dynamic trade area with over 4.4 million SF of retail that is approx. 98.5% occupied
  • Traffic counts over 50,000 cars per day on Hwy 153 in front of the subject property
  • Densely populated submarket with over 82,600 residents within a 5-mile radius of the subject property
  • Strong household income within a 3-mile radius of the subject property of approx. $82,360 on average
  • Chattanooga is the 4th largest city in the state with a population of approx. 426,000
  • The metro area welcomes more than 15.6 million visitors annually who spend in excess of $1.5 billion

Contacts

broker
Austin Wilson

RealtyLink

Location

Getting Around

  • Walk Score ®

    37/100 Car-Dependent

  • Transit Score ®

    21/100 Minimal Transit

  • Bike Score ®

    34/100 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

    0.09 miles

  • Smoothie King

    0.13 miles

  • First Watch

    0.16 miles

  • Logan's Roadhouse

    0.32 miles

  • Subway

    0.41 miles

  • Arby's

    0.46 miles

  • Dunkin' Donuts

    0.51 miles

  • Outback Steakhouse

    0.51 miles

  • KFC

    0.56 miles

  • Bojangles'

    0.59 miles

  • TJ Maxx

    0.68 miles

  • Walmart Neighborhood Market

    1.47 miles

  • Big Lots

    1.52 miles

  • ALDI

    1.57 miles

  • Target

    1.83 miles

  • Food City

    1.86 miles

  • Walmart Supercenter

    2.16 miles

  • Publix

    2.46 miles

  • B&B Discount Sales Red Bank

    2.63 miles

  • B & B Discount Sales

    2.97 miles

Frequently Asked Questions

How much does Petro's Chili & Chips - Chattanooga MSA cost?

The space currently listed for sale at Petro's Chili & Chips - Chattanooga MSA asks for $1,900,000.

What is the total square footage of Petro's Chili & Chips - Chattanooga MSA?

Petro's Chili & Chips - Chattanooga MSA totals 1,200 square feet.

When was this property built?

Petro's Chili & Chips - Chattanooga MSA was built in 2022.

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Contact Listing Broker
broker
Austin Wilson

RealtyLink

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