For Sale
$1,475,000
601 Old Hickory BlvdJackson, TN 38305
High-Cap Rate, NNN Lease, Strong Tenant
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 115
Highlights
- $1,475,000 asking price for this Arby's corporate-backed, triple-net lease property.
- Absolute NNN lease with corporate guarantee, offering no landlord responsibilities.
- 5.8 years remaining on a 6-year lease with two 5-year renewal options; rent bumps are 3% effective 10/2027 and 10% for each renewal.
- 7.72% cap rate with a $114,000 NOI.
- 3,104 square foot building on a 27,016 square foot lot, built in 1986, located at 601 Old Hickory Blvd, Jackson, TN 38305.
- High-traffic location on Hwy 45 Bypass (46,000+ VPD), near I-40, in a dense commercial area with a 5-mile radius population of 69,639.
Property Details for 601 Old Hickory Blvd
- Property type
- Retail properties, Restaurants
- Square Feet
- 3,104 SF
- Year Built
- 1986
- Stories
- 1
Location Insight
- City
- Jackson
- County
- Madison
- State
- Tennessee
- Latitude
- 35.6577755
- Longitude
- -88.8509405
601 Old Hickory Blvd, Jackson, Tennessee
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