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    3130-3132 N Highland Ave Jackson, TN 38305

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    For Sale
    $3,083,333

    Retail property with a new 20-year absolute NNN lease.

    Property size:
    4,748 SF
    Lot size:
    1.68 Acres

    Property Features for 3130-3132 N Highland Ave

    General Information

    Size
    4,748 SF
    Lot size
    1.68 Acres

    Source: Marcus & Millichap | Phoenix Agent Alex Frankel

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Highland Avenue Retail NNN Lease

    This retail property features a new 20-year absolute NNN lease with a corporate guaranty by Mavis Tire Express Services Corp. The lease includes 5% rental increases every five years with multiple renewal options. The property is situated near major retailers, including Kroger, Walgreens, and Dollar General. The property size is 4,748 square feet and is located on N Highland Ave in Jackson, TN.
    Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Firestone Complete Auto Care, Firestone Complete Auto Care, Grease Monkey, Goodyear Auto Service, Meineke Car Care Center

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Madison
    State
    Tennessee
    Longitude
    -88.829212
    Latitude
    35.694998

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    FAQs

    What type of property is this?
    Auto shop - Retail property with a new 20-year absolute NNN lease.
    Where is this auto shop located?
    The property is located at 3130-3132 N Highland Ave Jackson, TN.
    What is the asking price?
    The asking price for this property is $3,083,333.
    What are key features of this property?
    This property features: - New 20-Year Absolute NNN Lease; - Corporate Guaranty by Mavis Tire Express Services Corp.; - 5% Rental Increases Every Five Years
    (216) 292-7006
    Request Owner's contact information
    3130-3132 N Highland Ave Jackson, TN 38305
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3130-3132 N Highland Ave Jackson, TN 38305
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