For Sale
$1,136,000

1683 Highland AveJackson, TN 38301

High-growth Jackson, TN QSR investment.

Overview

Added:
Dec 11, 2024
Days on market:
114
This 1,208 sq ft Marco's Pizza in Jackson, Tennessee, presents a compelling investment opportunity. Situated on a 1.44-acre lot on Highland Avenue, a major thoroughfare with 33,000 vehicles daily, this property benefits from exceptional visibility and accessibility. The building, constructed in 2022, is 100% occupied under an Absolute NNN lease with a national brand tenant. The lease, commencing November 1, 2022, and expiring October 31, 2032, has a remaining term of 7.9 years, including four 5-year renewal options with 10% rent bumps. The property generates a strong NOI of $68,160, resulting in a 6.00% cap rate. The location is strategically positioned midway between Memphis and Nashville on I-40, within a rapidly growing MSA, and near major employers, Walmart, and Lowe's. The drive-thru model contributes to high customer traffic, exceeding nearby competitors by a significant margin. This offering presents a rare chance to acquire a stable, high-performing asset in a thriving market with significant long-term growth potential. The property's Commercial zoning and APN is 057109A A 01602. The asking price is $1,136,000.

Highlights

  • 1,208 SF Marco's Pizza on a 1.44-acre lot in Jackson, TN.
  • Absolute NNN lease with a national brand tenant, expiring October 31, 2032, with four 5-year renewal options at 10% rent increases.
  • High-traffic location on Highland Avenue (33,000 VPD), featuring a drive-thru.
  • Strong NOI of $68,160 and a 6.00% cap rate; asking price: $1,136,000.
  • Strategically located midway between Memphis and Nashville on I-40, near major employers, Walmart, and Lowe's.

Property Details for 1683 Highland Ave

Property type
Retail properties
Square Feet
1,208 SF
Year Built
2022
Buildings
1
Lot Size (sq. ft)
62,726 SF

Location Insight

City
Jackson
County
Madison
State
Tennessee
Latitude
35.565585651293
Longitude
-88.814552083842
1683 Highland Ave, Jackson, Tennessee

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1683 Highland Ave
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