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2046 Pleasant Plains Ext Rd
Jackson, TN 38305
Pleasant Plains Shopping Center - Jackson TN · Retail Property For Sale
Investment Highlights
- The property is leased to 5 tenants on Triple Net (NNN) Leases, with tenants responsible for their pro rata share of CAM, real estate taxes, etc.
- The center is 93.87% occupied and benefits from a diverse roster of serviceo riented and experience-based operators.
- Several leases include contractual rent escalations, providing a clear path for organic revenue growth over the hold period.
- Offered at $3,211,615, the property is available at a 6.75% CAP Rate on current NOI of $216,784.
- Lease maturities are well distributed from 2029 through 2033, with no 2 tenants expiring in the same year.
- The property is positioned within North Jackson, the region's premier retail and commercial corridor serving a broad trade area across West Tennessee.
Executive Summary
Sands Investment Group is pleased to exclusively offer for sale the 10,017 SF Pleasant Plains property located at 2046 Pleasant Plains Ext in Jackson, TN. This investment features 5 tenants operating under Triple Net (NNN) Leases, with tenants responsible for CAM, taxes, and insurance on a pro-rata basis. The landlord benefits from minimal management responsibilities and protection against rising operating expenses, creating a stable and passive income opportunity.
In Cooperation With Sands Investment Group Tennessee, LLC - Lic. #263973 BoR: Tom Gorman - Lic. TN #370394
In Cooperation With Sands Investment Group Tennessee, LLC - Lic. #263973 BoR: Tom Gorman - Lic. TN #370394
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
10,017 SF
Building Class
C
Year Built
2019
Price
$3,211,615
Price Per SF
$320.62
Cap Rate
6.75%
NOI
$216,784
Percent Leased
94%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
1.19 AC
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