Marcus & Millichap Brokers Sale of New Restaurant in Hixson, Tennessee Leased to Chick-fil-A

Why this matters

This transaction underscores the continued institutional appetite for single-tenant net-leased retail assets anchored by strong national tenants. The involvement of a long-term ground lease with a creditworthy operator like Chick-fil-A signals investor preference for income stability amid broader retail sector uncertainty. While new construction in suburban markets such as Hixson reflects ongoing demand for convenience-oriented retail formats, the deal also highlights how capital is selectively flowing toward assets with embedded lease security rather than speculative retail development. For lenders and allocators, this sale reinforces the bifurcation within retail real estate: stable, necessity-driven tenants commanding investor interest versus more vulnerable discretionary retail segments facing headwinds. The 15-year lease term suggests confidence in the tenant’s operational durability and the location’s market fundamentals, factors that remain critical in underwriting and pricing retail assets today. Overall, this deal illustrates how institutional capital continues to prioritize risk mitigation through tenant credit and lease structure, even as broader retail fundamentals remain uneven.

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On the RET wire

• Disclosed retail deal value tracked in August 2026: $273.7M across 11 reported transactions. All Retail coverage →
• 120 stories mentioning Marcus & Millichap on the wire in the past 90 days. Marcus & Millichap coverage →

Computed from Real Estate Trail’s own tracked coverage

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