Hixson, TN Retail Property For Sale

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Retail for Sale

Hixson, TN 37343

Great road frontage on Hixson Pike! 3 lots being sold as one: 6400, 6402, & 6406 Hixson Pike

Retail for Sale

Hixson, TN 37343

Seller is motivated! The restaurant for sale is California Tortilla which is located in a newer retail development center on Hwy 153 near Northgate Mall in Chattanooga, TN. The restaurant opened in October 2019 and is still operating and it has a solid base of business from which growth can occur.

California Tortilla is a franchised chain of about 38 stores located mostly on the east coast. This store is the first restaurant located in Tennessee. The franchisor would like the buyer to be someone who can build out the market and create more mass for the brand concept. The brand is a fast casual Mexican type restaurant. The national website is at https://californiatortilla.com/. The website describes the brand in more detail and shows where the other stores are located. Typical franchisee sales are $1 to $2 million per store.

The restaurant is presently generating about $45,000 a month or $540,000 per year in sales however, sales could be double that and more. Given that the store was opened in 2019, all of the equipment is almost brand new and is in great shape. The whole retail development was recently built too and is in great shape. This is one of Chattanooga's busiest retail districts with about 50,000 cars per day driving past this location.

Financial and lease details can be shared to qualified buyers. Please contact the listing agent directly to obtain these details.

From the Franchisor's website:

We are California Tortilla and we are Mexican Re-Imagined. From the ingredients to the preparation to customer service, we’ve transformed a “quick bite” into a mouth-watering, crave-inducing, “I can’t wait to come back” experience.

California Tortilla is a unique fast casual Mexican restaurant franchise that serves “California Style” Mexican food. We focus on one aspect that many other Fast Casuals continue to ignore; quality. We source the best ingredients from local farm to table purveyors. We use only premium proteins and our salsa, guacamole, queso and sauces are made fresh daily and are never frozen.

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Please see the Lease Abstract for lease details. The initial lease term is 10-years with two 5-year extensions. The base rent is about $30/sf with the NNN (triple net) expenses at about $5.30/sf. The whole development is a Class A development.

Buying the restaurant would include the following:

1. Becoming a franchisee

2. Getting trained by the franchisor.

3. Assuming the current franchisee agreement.

4. Assignment of the current lease in place.

The sale would include all of the equipment and access to the current staff. Inventory of the food and paper goods would be done just prior to the sale and be added onto the Sale Price.

Retail for Sale

Hixson, TN 37343

Free standing building in the Valleybrook Shopping Center next to the B & B Beauty Supply store, formerly the Food Lion. Building currently has 4 units - 2 interior units are occupied with end units available. Property has a 32 parking spaces including 2 handicapped spaces and a potential drive through with wrap-around drive. Zoned C-2. Good visibility from Hixson Pike at the foot of Big Ridge.

Retail for Sale

Hixson, TN 37343

High traffic area at the corner of Boy Scout and Middle Valley RD. Additional acreage available.

Retail for Sale

Hixson, TN 37343

Site for sale or new retail or office space for lease and build to suit. Just north of Northgate Mall and near Earth Fare on a corner location at Hixson Pike and Skillern Road. Could be 3 small suites or 1 or 2 larger suites or 1 suite of 3,800 SF. See the architectural renderings and drawings shown here. One side of the building can have a drive thru window. See site plan.

There are 17 parking spaces in the current site plan so parking is somewhat limited for each new tenant.

The demographics are strong for this location. They include in the a 10-minute drive-time radius: population of 46,000, 20,000 households with an average household income of $83,000. There are also over 30,000 cars per day driving by this location.

Developer will be constructing building to be out of the 100-year flood zone of nearby North Chickamauga Creek.

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