Hixson Retail for Sale - Outlying Hamilton County
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. Tenant CAM payments exceed actual expenses; no reconciliation required, with overages retained by landlord as additional rental income.
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
