Advance Auto Parts - Affluent Chattanooga Suburb
Tax Free State / 45,000 + VPD
Marketing description
Colliers is pleased to offer the opportunity to acquire an Advance Auto Parts in the booming retail corridor of Hixson, TN, an affluent Chattanooga suburb. Located in a tax-free state, this Advance Auto Parts has been in successful operation since 2016. The building, offered at $268 PSF, is highly visible to the 45,000 + cars that pass by the site daily. The Landlord favorable lease structure allows for limited LL responsibilities. Tenant handles CAM, LL pays the taxes and insurance, and is reimbursed by Tenant, creating “Mailbox Money.”
Investment highlights
Passive Cash Flow Investment in Booming Retail Corridor
Hixson submarket has 4.3 million square feet of retail, with an occupancy rate of 98%
Immediate proximity to nation’s largest retailers including but not limited to Target, Walmart, Home Depot, and many others
Tenant maintained parcel, LL does not have to handle CAM billing
Successful Tenure as this store has been in operation since 2016
Advance Auto Parts - Top Automotive Aftermarket Retailer in the US
4,300+ stores across the United States, Canada, Puerto Rico, and the U.S. Virgin Islands.
·$8.6 billion in annual revenue (2025)
·Advance Auto Parts holds roughly 12%+ share of the U.S. automotive aftermarket retail sector, ranking among the largest auto parts retailers in North America
Hixson, TN Strong Demographic Profile / Booming retail corridor
·Strategically located off Hwy 153, the subject property benefits from robust traffic counts exceeding 45,600+ VPD
·Dense population of 77,000 people within a 5-mile radius, projected to grow 2.7% to 79,146 by 2030
The 3-mile radius average household income is $103,340, displaying an affluent population
Household growth is projected to grow by 4% by 2030
Chattanooga MSA – Highly sought after, sunbelt MSA seeing massive population growth
Chattanooga MSA ranks among the largest MSAs in Tennessee and continues to experience steady population growth
·The Chattanooga economy produces over $34 billion in annual GDP, reflecting a diversified and expanding regional economy
From 2019–2023 the region secured 87 economic development projects totaling $2.5 billion in capital investment and 8,300 new jobs
Chattanooga sits at the intersection of three major interstate highways (I-75, I-24, and I-59) and serves as a regional logistics hub with rail access and an inland port along the Tennessee River
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