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Marco's Pizza D/T | 9% Cap at Mkt Rent | NNN 1683 S Highland Ave 1,208 SF Retail Building Jackson, TN 38301 $1,090,000 ($902.32/SF) 6.25% Cap Rate
INVESTMENT HIGHLIGHTS
- National Brand: Over 1,200 locations, strong customer loyalty, proven growth.
- Drive-Thru Location: High revenue, self-contained parcel, no shared parking or easements with adjacent properties
- $100,000/Yr Rent just signed for identical QSR Drive Thru across the street
- Absolute NNN Lease: Tenant covers all expenses, providing stable and pure passive income
- Rent Growth: 10% increases every 5 years on a 10-year lease.
- Growing Area: Rapid MSA growth ensures customer base | Prime Road Visibility: 33,000 vehicles/day on a major corridor
EXECUTIVE SUMMARY
BROKER OF RECORD: JONES AUR - License No. 332.179.00
SELDOM SEEN LOW RENT FOR NEWLY CONSTRUCTED DRIVE THRU | SIGNIFICANTLY BELOW MARKET RENT
ANNUAL RENT OF $100,000 WAS RECENTLY SIGNED AT NEARLY IDENTICAL PROPERY ACROSS THE STREET!
PRICE JUST REDUCED!! SUBMIT OFFERS
Faris Lee Investments is pleased to offer for sale a recently constructed Marco’s Pizza drive-thru Absolute NNN leased investment in Jackson, Tennessee. Marco’s Pizza operates over 1,200 locations and has been recognized by Newsweek in 2023 for being awarded the coveted Newsweek’s America’s Best Customer Service in the pizza chain category. The drive-thru concept is relatively new for a pizza restaurant but is gaining traction within the industry as consumer dining habits have changed immensely over the past few years. Pizza remains a staple of the American diet, with a 27% growth rate in pizza restaurant revenue over the past 10 years. This location competes exceptionally well within this trade area, as Placer.ai is showing customer visits to Marco’s Pizza outnumber visits to the nearby Domino’s by more than 2 to 1. The drive-thru concept and quality pizza offerings at an affordable price have proven themselves and enabled this Marco’s Pizza location to build brand loyalty and a successful track record in a short amount of time.
The most recent signed lease in Jackson TN for a QSR on a similar sized parcel to the subject was signed at over $200,000/yr.
Jackson, Tennessee, is located almost halfway between Memphis and Nashville. Its location at Interstate 40, along with large employers in the area, has enabled Jackson to become the largest city between Memphis and Nashville and the 8th largest city in Tennessee. Population growth has exploded in the Jackson MSA; as recently as 2022, it was regarded as the fastest-growing MSA in the United States. The property is situated on Highland Avenue, a major north/south thoroughfare in Jackson, given Marco’s Pizza’s identity and ease of access to 33,000 vehicles per day.
SELDOM SEEN LOW RENT FOR NEWLY CONSTRUCTED DRIVE THRU | SIGNIFICANTLY BELOW MARKET RENT
ANNUAL RENT OF $100,000 WAS RECENTLY SIGNED AT NEARLY IDENTICAL PROPERY ACROSS THE STREET!
PRICE JUST REDUCED!! SUBMIT OFFERS
Faris Lee Investments is pleased to offer for sale a recently constructed Marco’s Pizza drive-thru Absolute NNN leased investment in Jackson, Tennessee. Marco’s Pizza operates over 1,200 locations and has been recognized by Newsweek in 2023 for being awarded the coveted Newsweek’s America’s Best Customer Service in the pizza chain category. The drive-thru concept is relatively new for a pizza restaurant but is gaining traction within the industry as consumer dining habits have changed immensely over the past few years. Pizza remains a staple of the American diet, with a 27% growth rate in pizza restaurant revenue over the past 10 years. This location competes exceptionally well within this trade area, as Placer.ai is showing customer visits to Marco’s Pizza outnumber visits to the nearby Domino’s by more than 2 to 1. The drive-thru concept and quality pizza offerings at an affordable price have proven themselves and enabled this Marco’s Pizza location to build brand loyalty and a successful track record in a short amount of time.
The most recent signed lease in Jackson TN for a QSR on a similar sized parcel to the subject was signed at over $200,000/yr.
Jackson, Tennessee, is located almost halfway between Memphis and Nashville. Its location at Interstate 40, along with large employers in the area, has enabled Jackson to become the largest city between Memphis and Nashville and the 8th largest city in Tennessee. Population growth has exploded in the Jackson MSA; as recently as 2022, it was regarded as the fastest-growing MSA in the United States. The property is situated on Highland Avenue, a major north/south thoroughfare in Jackson, given Marco’s Pizza’s identity and ease of access to 33,000 vehicles per day.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,208 SF
Building Class
B
Year Built
2022
Price
$1,090,000
Price Per SF
$902.32
Cap Rate
6.25%
NOI
$68,160
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
1.01 AC
Zoning
Commercial
Parking
41 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
139’ on South Highland Avenue
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 109A-A-016.06 | Improvements Assessment | $0 |
| Land Assessment | $120,000 | Total Assessment | $120,000 |
PROPERTY TAXES
Parcel Number
109A-A-016.06
Land Assessment
$120,000
Improvements Assessment
$0
Total Assessment
$120,000
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Marco's Pizza D/T | 9% Cap at Mkt Rent | NNN | 1683 S Highland Ave
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