Value-Add Opportunity with Rent Upside: Hixson Duplexes offers new ownership the opportunity to increase rents to market level and update interiors as needed on unit turns to increase NOI.
Booming Rental Class: According to Arbor Realty, demand for duplex style rentals is surging after being boosted by outward migration from the pandemic. Rent collections have remained stable, new demand has hit generational records, and rents have seen upward pressure.
Hixson Development: A major developer is planning a new $15-$20 million development, including a major retailer and multiple outparcels, one of the largest commercial developments in the city in recent years. The project will create 120 full-time jobs, a substantial number of part-time jobs, and about half a million dollars in sales tax revenue to the city.
Proximity to Premier Retailers: Hixson Duplexes have quick access to some of premier retailers in the area, including:
Diverse Chattanooga Employment Base: Chattanooga is home to 20 companies across the Healthcare, Education, Energy, Automobile, Consumer Products, and Manufacturing industries that employ at least 1,000 people. Notable and international brands include:
Chattanooga Rankings & Population Growth: As one of Livability’s Top 100 Best Places to Live, Chattanooga has gained national recognition for its growing economy and lifestyle:
THIS CONFIDENTIALITY AND BROKERAGE AGREEMENT ("Agreement") is made and agreed to by you ("Prospective Buyer") for the benefit of THE KIRKLAND COMPANY ("Broker"), with respect to certain real property ("Hixson Duplexes") located in Hixson, Tennessee.
BACKGROUND:
1 The Offering Memorandum has been prepared by Broker for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the Property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information which prospective buyer may need or desire. All projections have been developed by Broker and designated sources and are based upon assumptions relating to the general economy, competition, and other factors beyond the control of the Owner and therefore are subject to variation.
NOW THEREFORE, the parties agree, in consideration of the covenants and agreements contained herein, as follows:
By submitting this form, you have acknowledged, read, and agreed to this above Confidentiality and Brokerage Agreement.
THIS CONFIDENTIALITY AND BROKERAGE AGREEMENT ("Agreement") is made and agreed to by and between THE KIRKLAND COMPANY ("Broker"), and "Prospective Buyer" with respect to the sale of certain real property located in Hixson, Tennessee and known as Hixson Duplexes (“Property”).
NOW THEREFORE, the parties agree, in consideration of the covenants and agreements contained herein, as follows: