NNN Retail
For Sale
Contact for pricing
Pending
1160 Vann Drive, Jackson, TN 38305
Two-tenant retail property occupied by Hobby Lobby and Flatiron Grille under NNN lease arrangements.
Property SizeContact for details
Days on Market143
Property Features for 1160 Vann Drive
General Information
Standard status
Pending
Property subtype
Retail
Site & Location
Corner Location
Yes
Highway Access
Yes
Road Access
Yes
Building Details
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Memphis
Listed By:
William Davis · License #MS B-15586
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 30 at 10:07PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Memphis
Investment Insights
Based on property information with market context.
This two-tenant retail property in Jackson, Tennessee, is occupied by Hobby Lobby and Flatiron Grille. Hobby Lobby is in year 14 of a 20-year triple-net lease, with two additional five-year renewal options and scheduled rent increases. Flatiron Grille has operated from its space since 2007 and has 2 percent annual lease increases.
The center sits at the junction of Interstate 40 and Highway 45. Traffic at the site is reported at 46,500 vehicles daily on Interstate 40 and 38,000 vehicles daily on Highway 45. The property combines established occupancy, contractual lease growth, and prominent highway access within Jackson.
The center sits at the junction of Interstate 40 and Highway 45. Traffic at the site is reported at 46,500 vehicles daily on Interstate 40 and 38,000 vehicles daily on Highway 45. The property combines established occupancy, contractual lease growth, and prominent highway access within Jackson.
Key Highlights
- Hobby Lobby is in year 14 of a 20‑year NNN lease
- Two five‑year Hobby Lobby renewal options with rent increases
- Flatiron Grille has occupied its space since 2007
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
761
Businesses Nearby
Explore this area
Business Placement
Demographics for 38305, TN
52,686
Population
22,950
Households
2.3
Avg Household Size
40
Median Age
32%
College-Educated
94%
High-School Grad
128.0 sq mi
ZIP Area
412
Density / Sq Mi
$66,292
Median Household Income
$37,416
Median Earnings
$1,201
Median Rent
$221,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Two-tenant retail property occupied by Hobby Lobby and Flatiron Grille under NNN lease arrangements.
Where is this nnn property located?
The property is located at 1160 Vann Drive Jackson, TN.
What are key features of this property?
This property features: Hobby Lobby is in year 14 of a 20‑year NNN lease; Two five‑year Hobby Lobby renewal options with rent increases; Flatiron Grille has occupied its space since 2007
