Dollar Tree Retail
For Sale
$1,500,000
1321 S Highland Ave, Jackson, TN 38301
Branded retail space with a 2014 construction date and established single-tenant format.
Property Size10,000 SF
Days on Market175
Property Features for 1321 S Highland Ave
General Information
Standard status
Active
Size
10,000 SF
Property subtype
Commercial
Occupancy
100%
Lease Term
± 3.85 Years
Net Operating Income
$120,000
Additional Details
Cap Rate
8%
Building Details
Building Size
10,000 SF
Year Built
2014
Listing Agency:
Matthews Real Estate Investment Services - Corporate
Listed By:
Clay Smith · License #361676 (TN)
(615) 412-1630
Source:
Matthews
Added: Apr 24
Changed: Oct 4
Last Checked: Oct 14 at 7:38PM
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 Matthews Real Estate Investment Services - Corporate
Investment Insights
Based on property information with market context.
This 10,000-square-foot retail property is occupied by Dollar Tree and was constructed in 2014. The asset is located at 1321 S Highland Ave in Jackson, Tennessee, with a 8.00% cap rate identified in the listing information.
Key Highlights
- Dollar Tree retail property
- 10,000 square feet of retail space
- Constructed in 2014
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$102,165
Cap Rate
6.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,043,300
$2.0M
Cap Rate 7%
$1,459,500
$1.5M
Cap Rate 9%
$1,135,167
$1.1M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$150.0K $15.00/SF
− Vacancy
−$4.1K −$0.41/SF
EGI
$146.0K $14.59/SF
− OpEx
−$43.8K −$4.38/SF
NOI
$102.2K $10.22/SF
Area
Madison County, TN
Vacancy
2.70%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,043,300
Cap Rate 7%
$1,459,500
Cap Rate 9%
$1,135,167
Alternative Uses
Best Use
Retail
$1.46M
$1.28M – $1.70M
NOI $102,165 @ 7.0% cap · market cap 6.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.06M
$1.80M – $2.40M
NOI $144,144 @ 7.0% cap · market cap 9.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,213
Businesses Nearby
Explore this area
Business Placement
Demographics for 38301, TN
34,170
Population
15,769
Households
2.2
Avg Household Size
37
Median Age
16%
College-Educated
85%
High-School Grad
150.9 sq mi
ZIP Area
226
Density / Sq Mi
$40,062
Median Household Income
$28,542
Median Earnings
$958
Median Rent
$119,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Retail space - Branded retail space with a 2014 construction date and established single-tenant format.
Where is this retail space located?
The property is located at 1321 S Highland Ave Jackson, TN.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Dollar Tree retail property; 10,000 square feet of retail space; Constructed in 2014
