Five-Tenant NNN
2046 Pleasant Plains Extension, Jackson, TN 38305
For Sale
Contact for pricing
Built in 2019, this commercial property has five tenants operating under triple-net lease agreements.
Property Size10,017 SF
Price / SF$320.62
Days on Market103
Property Features for 2046 Pleasant Plains Extension
General Information
Standard status
Size
Property subtype
Occupancy
Lease Type
Investment Type
Net Operating Income
Building Details
Year Built
Units
Tenancy
Listing Agency:
Sands Investment Group Austin - Offenbecher
Listed By:
Ethan Offenbecher · License TN #642658
Source:
Crexi
Added: Aug 3
Changed: Nov 12
Last Checked: Nov 12 at 8:00AM
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 Sands Investment Group Austin - Offenbecher
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Pleasant Plains is a 10,017-square-foot commercial property at 2046 Pleasant Plains Extension in Jackson, Tennessee. Constructed in 2019, the property is occupied by five tenants operating under triple-net lease agreements.
Under the lease structure, tenants are responsible for CAM, property taxes, and insurance on a pro-rata basis. This arrangement assigns specified operating expenses to the occupants while providing a clearly defined framework for landlord and tenant responsibilities.
Under the lease structure, tenants are responsible for CAM, property taxes, and insurance on a pro-rata basis. This arrangement assigns specified operating expenses to the occupants while providing a clearly defined framework for landlord and tenant responsibilities.
Key Highlights
- 10,017‑square‑foot commercial property
- Five tenants in place
- Triple‑net lease structure
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$102,339
Cap Rate
3.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,046,780
$2.0M
Cap Rate 7%
$1,461,986
$1.5M
Cap Rate 9%
$1,137,100
$1.1M
Market Conditions
NOI Build-Up for 10,017 SF
Gross rent
$150.3K $15.00/SF
− Vacancy
−$4.1K −$0.41/SF
EGI
$146.2K $14.59/SF
− OpEx
−$43.9K −$4.38/SF
NOI
$102.3K $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%
$2,046,780
Cap Rate 7%
$1,461,986
Cap Rate 9%
$1,137,100
Alternative Uses
Best Use
Retail
$1.46M
$1.28M – $1.71M
NOI $102,339 @ 7.0% cap · market cap 3.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.06M
$1.80M – $2.41M
NOI $144,389 @ 7.0% cap · market cap 4.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
797
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
NNN property - Built in 2019, this commercial property has five tenants operating under triple-net lease agreements.
Where is this nnn property located?
The property is located at 2046 Pleasant Plains Extension Jackson, TN.
What is the asking price?
The asking price for this property is $3,211,615.
What are key features of this property?
This property features: 10,017‑square‑foot commercial property; Five tenants in place; Triple‑net lease structure
