RealSource Group, a national commercial real estate brokerage company specializing in investment sales, sale-leasebacks and tenant representation, announced the pre-sale of a new construction Chick-fil-A Drive-Thru in Hixson.

The property, secured by a long-term corporate ground lease, sold for $2.77 million at a 4.15 percent cap rate. According to CoStar, this transaction represents the lowest cap rate achieved for a single-tenant Chick-fil-A Drive-Thru in Tennessee all-time.

The seller, a Tennessee-based private developer, was represented by Don McMinn and Andrew Koriwchak of Marcus & Millichap in Atlanta.

The Chick-fil-A is a new 6,008-square-foot relocation store situated on 1.74 acres at 5979 Highway 153.

The store features a double drive-thru and replaces an existing Chick-fil-A at Oak Park Town Center, "a move that demonstrates the company’s long-term investment in the Hixson trade area."

The property is under construction, with rent commencement scheduled for September.

The asset is backed by a 15-year corporate triple-net absolute ground lease, shorter than the typical 20-year Chick-fil-A term, with 10 percent rent increases every five years and 10 five-year renewal options.

“Securing a pre-sale on a Chick-fil-A that is still under construction says a great deal about the strength of the brand,” said Mr. Schiffer. “Closing well ahead of rent commencement makes clear the buyer’s confidence in the tenant, the location and the long-term outlook for this trade area.”

He added, “Investors continue to focus on markets like Hixson where demographic growth, retail density and tenant expansion support durable long-term fundamentals. This transaction offers a clear view into how private capital is approaching the market in 2026 - disciplined, selective and highly responsive to best-in-class operators.”

“This deal shows just how competitive the market has become for best-in-class QSR assets,” said Mr. Blodgett. “Achieving a 4.15 percent cap rate - the lowest for a single-tenant Chick-fil-A Drive-Thru in Tennessee according to CoStar - reflects both the scarcity of new construction opportunities and the enduring strength of Chick-fil-A as a credit tenant.”

He said, "Hixson has emerged as one of the Chattanooga metro’s most resilient and supply-constrained retail submarkets. The area is an affluent suburb located about 15 minutes east of downtown Chattanooga and is expected to grow 3.69% over the next four years. These demographic fundamentals continue to support sustained retail demand and long-term tenant performance throughout the submarket.

"The Chick-fil-A is positioned along Highway 153, which sees about 35,000 vehicles per day and is anchored by national retailers including Walmart, Target, Lowe’s, Home Depot, ALDI and Academy Sports + Outdoors. The property is an outparcel to Academy and Kohl’s and is surrounded by new residential communities, including Hawthorne at Hixson (200 units) and a high-end senior living development. Together, these retail and residential drivers make affluent suburbs like Hixson a preferred target for investors seeking long-term stability and predictable performance in new-construction net-lease retail."

RealSource Group, founded in 1991, is a national commercial real estate brokerage company specializing in tenant representation, investment sales and sale-leaseback transactions. Leveraging its sales and leasing experience, extensive broker network, technology, unique processes and national reach,