Restaurant Space with Walk-In
For Sale
Contact for pricing
222 - 224 Parkstone Place, Jackson, TN 38305
Food-service improvements include fire suppression equipment plus separate cold-storage areas.
Property Size3,200 SF
Price / SF$0.00
Days on Market82
Property Features for 222 - 224 Parkstone Place
General Information
Standard status
Active
Size
3,200 SF
Additional Details
Highway Access
Yes
Sprinkler System
Yes
Amenities
walk-in freezer
walk-in cooler
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 14 at 11:00PM
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 3,200-square-foot restaurant property at 222–224 Parkstone Place includes fire suppression equipment, a walk-in freezer, and a walk-in cooler. These existing food-service improvements support a range of restaurant and bakery configurations, subject to applicable restrictions.
The property is located near Exit 85 of Interstate 40 in Jackson, Tennessee, one block from a travel ball field that attracts 400,000 visitors annually. Hotels, fast-food operators, and grocery retailers are located at the interstate exit, while a proposed Great Wolf Lodge Water Park is identified 1 mile from the property.
The property is located near Exit 85 of Interstate 40 in Jackson, Tennessee, one block from a travel ball field that attracts 400,000 visitors annually. Hotels, fast-food operators, and grocery retailers are located at the interstate exit, while a proposed Great Wolf Lodge Water Park is identified 1 mile from the property.
Key Highlights
- 3,200‑square‑foot restaurant property at 222–224 Parkstone Place
- Fire suppression equipment already in place
- Walk‑in freezer and walk‑in cooler included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,693
Suggested Prices Based on Cap Rates
Cap Rate 5%
$653,860
$653.9K
Cap Rate 7%
$467,043
$467.0K
Cap Rate 9%
$363,256
$363.3K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$48.0K $15.00/SF
− Vacancy
−$1.3K −$0.41/SF
EGI
$46.7K $14.59/SF
− OpEx
−$14.0K −$4.38/SF
NOI
$32.7K $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%
$653,860
Cap Rate 7%
$467,043
Cap Rate 9%
$363,256
Alternative Uses
Best Use
Specialty Retail
$600.5K
$525.4K – $700.6K
NOI $42,034 @ 7.0% cap · market cap 280,226.67%
Second Best
Retail
$467.0K
$408.7K – $544.9K
NOI $32,693 @ 7.0% cap · market cap 217,953.33%
Theoretical Best
Office A
$658.9K
$576.6K – $768.8K
NOI $46,126 @ 7.0% cap · market cap 307,506.67%
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
Lease Details
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
98
Businesses Nearby
Well-served
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
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?
Conventional restaurant - Food-service improvements include fire suppression equipment plus separate cold-storage areas.
Where is this conventional restaurant located?
The property is located at 222 - 224 Parkstone Place Jackson, TN.
What are key features of this property?
This property features: 3,200‑square‑foot restaurant property at 222–224 Parkstone Place; Fire suppression equipment already in place; Walk‑in freezer and walk‑in cooler included
