5778 Tennessee 153, Hixson, TN 37343

Property Description

Rare opportunity to acquire the only remaining undeveloped parcel within the Walmart-anchored Oak Park Town Center--one of Hixson's most established and heavily traveled retail destinations. This approximately 0.72-acre, level site offers prominent visibility from Highway 153, which carries more than 40,000 vehicles per day, along with convenient access to two signalized shopping-center entrances. Oak Park Town Center attracts more than 3.5 million visitors annually and features a strong mix of national tenants, including Walmart, Petco, Marshalls, Buffalo Wild Wings, O'Reilly Auto Parts and Murphy USA. The surrounding Highway 153 corridor includes Target, Kohl's, Academy Sports, Lowe's, Home Depot, Raising Cane's, Weigel's and numerous other national retailers and restaurants. The site is supported by approximately 5,175 residents within one mile, 33,704 within three miles and 73,892 within five miles. Median household income within three miles is approximately $82,251. A new apartment community containing more than 300 units was also just completed directly across Highway 153, adding to the property's future customer base. With excellent visibility, signalized access, established shopping-center traffic and limited remaining development opportunities along the corridor, the property is well positioned for a quick-service restaurant, service retail, financial institution, medical concept or other high-frequency commercial use, subject to applicable approvals.