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1017 Vann Dr 6,043 SF 100% Leased Retail Building Jackson, TN 38305 $4,125,000 ($682.61/SF) 6.27% Cap Rate
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.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Building Size
6,043 SF
Building Class
B
Year Built
2004
Price
$4,125,000
Price Per SF
$682.61
Cap Rate
6.27%
NOI
$258,638
Percent Leased
100%
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)
Frontage
200’ on Vann Drive
AMENITIES
- Security System
- Signage
- Monument Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 055-008.39 | Improvements Assessment | $245,560 |
| Land Assessment | $390,520 | Total Assessment | $636,080 |
PROPERTY TAXES
Parcel Number
055-008.39
Land Assessment
$390,520
Improvements Assessment
$245,560
Total Assessment
$636,080
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1017 Vann Dr
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