Chick-fil-A (Relocation) | Chattanooga, TN

Investment Highlights

NEW RELOCATION CHICK-FIL-A WITH A DOUBLE DRIVE THRU
• Brand new 6,008 SF Chick-fil-A that is currently under construction and rent is scheduled to commence in September 2026.
• This property is a relocation of an existing store in the Oak Park Town Center showing Chick-fil-A’s commitment & confidence in the Hixon market.

AFFLUENT CHATTANOOGA SUBURB | AVG HHI: $118,372
• The subject property is located in an affluent and growing suburb about 15 minutes east of downtown Chattanooga.
• The average household income in a 5 mile radius is $118,372 and is projected to grow to $137,069 by 2030.
• The 5 mile population is 71,306 with a 3.69% projected growth rate over the next 4 years.
• The Chattanooga metropolitan area is the fourth largest in Tennessee. The city anchors a three-state area that includes Southeast Tennessee, Northwest Georgia, and Northeast Alabama.

PRIMARY RETAIL CORRIDOR ON HWY 153 (34,146 VPD)
• This Chick-fil-A is positioned on Highway 153 (34,146 VPD) next to a Walmart Supercenter, Target, Lowe’s Home Improvement, Home Depot, ALDI, and more.
• The subject property is an outparcel to an Academy and Kohl’s shopping center and is surrounded by new retail and residential developments.
• Chick-fil-A is adjacent to multiple new residential communities including a Hawthorne at Hixon (200 Units) and a high end senior living community.

15 YEAR NNN GROUND LEASE WITH 10% RENT INCREASES
• The subject property has a new 15-Year Corporate Guaranteed NNN Ground Lease with 10% rent increases in the lease and options.
• The Tenant is responsible for the Roof, Structure, Parking Lot, Taxes, Insurance, Utilities, HVAC.
• The Tenant also pays the landlord $2,500 annually for CAM Contribution.
• The Landlord is responsible for Common Area expenses over the $2,500 annual tenant CAM contribution.

UNRIVALED QSR TENANT | $9.4M AVERAGE UNIT SALES
• Chick-Fil-A has been in business for 80 years and has grown to over 3,300 locations in 48 states
• #1 Ranked Restaurant by average sales per unit ($9.4 Million) even though it is closed on Sundays
• Chick-Fil-A has reported $22.7 Billion+ in revenue in 2025.
• Chick-fil-A has experienced massive growth over the past five years, with systemwide sales increasing from roughly $12.2 billion in 2020 to over $22.7 billion in 2025, representing an increase of roughly 86%.