Anchored Shopping
For Sale
Contact for pricing
1348 Union University Drive, Jackson, TN 38305
Retail center includes Mam'selle's as an anchor and sits near additional retail and dining businesses.
Property Size12,676 SF
Price / SF$0.00
Days on Market84
Property Features for 1348 Union University Drive
General Information
Standard status
Active
Size
12,676 SF
Listing Agency:
Hickman Realty Group Inc.-Jack
(731) 664-1006
Listed By:
Chris Carothers · License #250361
(731) 616-9464
Source:
Pritchardrealty
Added: Jul 26
Changed: Oct 10
Last Checked: Oct 16 at 8:21AM
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 Hickman Realty Group Inc.-Jack
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Investment Insights
Based on property information with market context.
The shopping center contains 12,676 square feet of retail space and is anchored by Mam'selle's. Leasing is structured on a triple-net basis with a 3-year minimum lease term.
Located at 1348 Union University Drive in Jackson, the property is near Mulligans, Tulum's New Restaurant, Steak Escape, and other retail and dining businesses. The center is offered for sale and provides an established retail setting for prospective occupants.
Located at 1348 Union University Drive in Jackson, the property is near Mulligans, Tulum's New Restaurant, Steak Escape, and other retail and dining businesses. The center is offered for sale and provides an established retail setting for prospective occupants.
Key Highlights
- 12,676‑square‑foot shopping center
- Anchored by Mam'selle's
- Triple‑net lease structure
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$129,504
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,590,080
$2.6M
Cap Rate 7%
$1,850,057
$1.9M
Cap Rate 9%
$1,438,933
$1.4M
Market Conditions
NOI Build-Up for 12,676 SF
Gross rent
$190.1K $15.00/SF
− Vacancy
−$5.1K −$0.41/SF
EGI
$185.0K $14.59/SF
− OpEx
−$55.5K −$4.38/SF
NOI
$129.5K $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%
$2,590,080
Cap Rate 7%
$1,850,057
Cap Rate 9%
$1,438,933
Alternative Uses
Best Use
Retail
$1.85M
$1.62M – $2.16M
NOI $129,504 @ 7.0% cap · market cap 588,654.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.61M
$2.28M – $3.05M
NOI $182,717 @ 7.0% cap · market cap 830,531.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,067
Businesses Nearby
Balanced
Demand for This Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Shopping center - Retail center includes Mam'selle's as an anchor and sits near additional retail and dining businesses.
Where is this shopping center located?
The property is located at 1348 Union University Drive Jackson, TN.
What are key features of this property?
This property features: 12,676‑square‑foot shopping center; Anchored by Mam'selle's; Triple‑net lease structure
