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1017 Vann Dr 6,043 SF Retail Building Jackson, TN 38305 $4,125,000 ($682.61/SF) 6.27% Cap Rate

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Investment Highlights

Stand Alone Retail Investment Opportunity in The Columns Development
The Columns Development is Jackson's Premiere Retail location with over 600,000 SF of Development
Primary Exit for Interstate 40 and Exit 80. 60,000 ADDT

National Tenant : Verizon with options
45,000 ADDT at Entry to the Columns
The Columns Anchors: Home Depot-Best Buy-Hobby Lobby-Kohl's-Dick's and many other National Retailers

Executive Summary

Premier Retail Investment Opportunity. Stand Alone Verizon Building w/ National Credit Lease. New Renewal April 1, 2025 with 7 Year Term NNN Lease on a 1.44 Acre Lot. Located in The Columns, West TN #1 Retail Development with over 600,000 Square Feet of Retail, Restaurant, Hospitality and Much More. This location boast over 45,000 ADDT at entrance to The Columns and is the primary exit for Interstate 40 Exit 80 with 60,000 ADDT. This retail location serves a MSA Potential of 300,000. Private Remarks: This property can not be shown, occupied by National Tenant. Must have Fully Executed PSA with Bank Letter prior to any viewing or full Lease review. Offering Memorandum available upon request.

CHRIS - 1017 Vann Dr

Property Facts

Sale Type

Investment NNN

Sale Condition

1031 Exchange

Property Type

Retail

Building Size

6,043 SF

Building Class

Year Built

2014

Price

$4,125,000

Price Per SF

$682.61

Cap Rate

6.27%

NOI

$258,638

Tenancy

Single

Building Height

1 Story

Building FAR

0.10

Lot Size

1.44 AC

Zoning

SC 1 - SC-1 is City of Jackson Planning Department Planned Commercial Zone.

Parking

90 Spaces (14.89 Spaces per 1,000 SF Leased)

Security System

Signage

Monument Signage

Major Tenants

Retailer
6,043 SF
$42.83
Triple Net
Mar 2032

Verizon Communications was formed in 2000 through the merger of Bell Atlantic Corp. and GTE Corp., creating one of the largest telecom companies in the US. The company offers wireless products and services, including data plans and mobile phone services. It also provides broadband and other wireline communications services. Verizon's consumer segment provides wireless and wireline services to consumers, while the business segment offers services to businesses and government entities. Verizon has a significant presence in the telecommunications market, offering a wide range of services to a diverse customer base.