April 23, 2025 – Zach Smith of Horvath & Tremblay has successfully completed the sale of Swig in Hixson, Tennessee. Horvath & Tremblay represented the buyer to complete the transaction at a sale price of $1,515,150.
Swig is located at 5114 TN Route 153 in Hixson, Tennessee. Swig consists of a 1,200 square foot drive-thru building on a 0.54-acre parcel of land. Swig has 9+ years remaining on their Triple Net (NNN) Lease with four (4), five-year renewal options. Swig Drinks, founded in 2010 and based in Utah, is a fast-growing brand in the beverage/snack category with almost 100 locations in 13 states. The lease features attractive 3% annual rent increases throughout the primary lease term and all four (4) of the renewal options, providing the investor with an attractive increase in revenue and a hedge against inflation. The property is strategically located along TN Highway 153, the area’s primary commercial corridor and is seconds from Dupont Parkway (TN Route 319), a significant commuter corridor. Swig is surrounded by national retailers and restaurants and is minutes from the Northgate Mall and the large Korda manufacturing complex, all of which drive traffic to the area. Additionally, the Property is convenient to the area’s residential neighborhoods and is close to several area schools providing a built-in customer base.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.