174 Stonebrook PlJackson, TN 38305

Property Details for 174 Stonebrook Pl

Year built

1995

Lot size

0.99 AC

Property size (Sq ft)

2,556 SF

Property type

Retail properties

Property subtype

Drive through restaurants

APN

057044O A 00300

APU

057044OA00300

Description

This exceptional investment opportunity presents a fee-simple, absolute NNN leased Long John Silver's restaurant and digital billboard in Jackson, Tennessee. The 2,598 square foot QSR, built in 1995 and renovated in 2018, sits on a 0.985-acre lot and boasts a 6.56% cap rate with a $105,000 NOI. The property enjoys a prime location on US Route 45, a major thoroughfare with over 43,000 vehicles daily, ensuring high visibility and accessibility. The Long John Silver's lease, originally commencing June 1, 1994, has a remaining term of 2.6 years with 4-5 year renewal options, extending to June 30, 2027. The tenant, Charter Foods Inc., a large and successful franchisee operating over 200 locations, recently acquired the store in 2023 and reports strong, increasing sales projected to reach $1,000,000 annually. The property also includes a digital billboard with a separate ground lease extending to 2067, generating an additional $20,000 annual income. Fixed annual rent bumps ensure consistent income growth. This offering provides a compelling combination of established tenant history, strong sales performance, and significant additional income from the billboard, making it an attractive investment opportunity. The asking price is $1,600,000, with a price per square foot of $615.86 and land value of $37 per square foot. The property is 100% occupied since its opening in June 1994.

• CAP approach

  CAP return

  Valuation

  6%

  $858,844

  6.5%

  $792,779

  7%

  $736,152

• Comparable approach

  Method

  Valuation

  Relative Method

  $502,150

  Geo Method

  $502,150

• Alternative Use

  Use

  Valuation

  Residential

  $668,738

  Hospitality

  $612,561

  Educational

  $509,643

  Medical

  $527,171

  Retail

  $792,779

Location Insight

City

Jackson

County

Madison

State

Tennessee

Latitude

35.6826

Longitude

-88.8563

CBSA code

27180

CBSA name

JACKSON, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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