For Sale
$2,150,000

3132 Highland AveJackson, TN 38305

New Construction, Corporate Guaranteed, High-Yield Investment

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a brand-new, 4,748-square-foot auto shop in Jackson, Tennessee, currently under construction and slated for completion in 2024. The property boasts a 15-year absolute triple-net (NNN) lease with Express Oil, backed by a corporate guarantee from EOC Group Inc., a B-rated entity with a stable outlook. The lease features five, five-year renewal options and built-in rent increases of 7.5% every five years, ensuring consistent income growth. Located at 3132 N Highland Ave, this fee-simple property sits on approximately 10.7 acres, providing ample parking. The strategic location, adjacent to Walgreens and near Kroger, benefits from high visibility and significant traffic counts exceeding 120,900 vehicles per day on Highland Avenue. The property's essential service nature, coupled with the established reputation of Express Oil and the growing Jackson market (population over 65,000), makes this a compelling investment with a 6.14% cap rate and a $2,150,000 asking price ($452.82/sq ft). The lease commences July 1, 2024, offering immediate return on investment. This is a rare opportunity to acquire a high-performing, low-maintenance asset in a thriving market.

Highlights

  • New construction currently underway.
  • 15-year lease with 7.5% rent increases every five years.
  • Investment-grade corporate guarantee from EOC Group Inc. (B rating, stable outlook).
  • Triple-net (NNN) lease; tenant responsible for all operating expenses.
  • 0.70-acre lot with ample parking.
  • High traffic count location on Highland Ave (20,900 VPD).

Property Details for 3132 Highland Ave

Property type
Retail properties, Auto shops
Square Feet
4,748 SF
Year Built
2024

Location Insight

City
Jackson
County
Madison
State
Tennessee
Latitude
35.695005
Longitude
-88.829217
3132 Highland Ave, Jackson, Tennessee

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3132 Highland Ave
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