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1929 Highway 45 Byp 2,392 SF Retail Building Jackson, TN 38305 $4,200,000 ($1,755.85/SF) 8.92% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease
- 2% Annual Rent Escalations
- Located Near I-40 and US-45 Bypass with 44,000 VPD
- No Landlord Responsibilities
- Strategically Positioned in Growth Corridor
- Opportunity to Add EV Charging Infrastructure
EXECUTIVE SUMMARY
This is a passive, income-producing NNN investment in Jackson, TN. The property is leased to a Mobil gas station operator paying $367,200 annually with 2% yearly increases. Located off I-40 and US-45, the station sees over 44,000 VPD. This hands-off investment features a true triple net lease and a strong corporate and personal guarantee.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
2,392 SF
Building Class
B
Year Built
2017
Price
$4,200,000
Price Per SF
$1,755.85
Cap Rate
8.92%
NOI
$374,544
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.47 AC
Opportunity Zone
Yes
Zoning
C2 - Highway Business District
Parking
12 Spaces (5.02 Spaces per 1,000 SF Leased)
Frontage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 055O-C-009.00 | Improvements Assessment | $111,640 |
| Land Assessment | $188,360 | Total Assessment | $300,000 |
PROPERTY TAXES
Parcel Number
055O-C-009.00
Land Assessment
$188,360
Improvements Assessment
$111,640
Total Assessment
$300,000
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1929 Highway 45 Byp
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