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    Hollywood Drive Retail Center ForRent Title is generated by Realmo AI

    825-895 Hollywood Dr, Jackson, TN 38301

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    Retail center with national credit tenants and high visibility.

    Type:Retail, Industrial, Restaurant
    Added:
    Sep 23, 2021
    Days on Market:
    1713
    Last Refresh:
    May 12 at 8:43 pm

    Property Features for 825-895 Hollywood Dr

    General Information

    Standard status
    Active
    Property subtype
    Retail, Industrial, Restaurant

    Building Details

    Year Built
    1973

    Spaces For Lease

    at 825-895 Hollywood Dr Contact us

    Suite #9 $12/Mo

    Size
    1,250 SF
    Type
    Retail, Industrial, Restaurant
    This is Suite #9 from the map attached.
    Contact us

    Suite #8 $12/Mo

    Size
    1,250 SF
    Type
    Retail, Industrial, Restaurant
    1250 sq feet of front-facing space available. Fully ready to occupy.
    Contact us

    Suite #15 $12/Mo

    Size
    600 SF
    Type
    Retail, Industrial, Restaurant
    Space number 15 in the shopping. This space is well secured with an Alley and Steel...
    show more
    Contact us

    Suite #2 $15/Mo

    Size
    1,250 SF
    Type
    Retail, Industrial, Restaurant
    In front of the shopping center, a rare space of 1250 sq feet facing Hollywood Drive....
    show more
    Contact us

    Suite #4 $15/Mo

    Size
    1,250 SF
    Type
    Retail, Industrial, Restaurant
    This is full ready 1250 sq feet of space available facing the Hollywood Drive.
    Contact us
    Show more

    We can help!

    Listing Contact
    Jordan Gorjian

    Listing agent Jordan Gorjian License #US

    Listing office Gorjian Acquistions

    Listing date Sep 23, 2021

    Source Crexi

    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 Gorjian Acquistions

    HighLights

    • Long‑term tenants Save‑A‑Lot (planning ~$100,000 renovation) and Family Dollar.
    • Located in an Opportunity Zone, offering potential tax incentives.
    • Unencumbered asset, allowing for flexible financing.
    • Prominent location with exceptional visibility and accessibility due to traffic from Jackson‑Madison County General Hospital.
    • Diverse and internet‑proof tenant mix.
    • Dense retail corridor with numerous national retailers nearby.

    Overview

    The Hollywood Shopping Center features long-term national credit anchors, including Save-A-Lot and Family Dollar, which have been operating since the early 1990s. Save-A-Lot, based in St. Louis, operates 1,300 stores across 36 states with over $4 billion in annual sales and is planning a renovation to the store in the middle of 2021. The property has a diverse, internet-proof tenant mix with sustained, in-person visits from a committed customer base. National, regional, and local tenants include Save-A-Lot, Family Dollar, Rent-A-Center, and Jackson Hewitt, among other service-oriented tenants. The property benefits from convenient ingress and egress with three different points of access. The main traffic driver comes from Jackson- Madison County General Hospital, which employs over 7,000 people, with over 400,000 persons residing within the service area. The property is located in a dense retail corridor near Lowe’s, Walmart, Kroger, Sam’s Club, McDonald's, Best Buy, Chipotle, Marshalls, Panera, and Chick-Fil-A. The asset is located inside an opportunity zone, where a new investor can take advantage of new tax incentives.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Hotel & Motel

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

    Similar Places Nearby

    • Hollywood Shopping Center — 903 Hollywood Dr, Jackson, TN 38301

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Madison
    State
    Tennessee
    Longitude
    -88.836609
    Latitude
    35.623917

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    FAQs

    What type of property is this?
    Shopping center - Retail center with national credit tenants and high visibility.
    Where is this shopping center located?
    The property is located at 825-895 Hollywood Dr Jackson, TN.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: Long‑term tenants Save‑A‑Lot (planning ~$100,000 renovation) and Family Dollar.; Located in an Opportunity Zone, offering potential tax incentives.; Unencumbered asset, allowing for flexible financing.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jordan Gorjian
    Real Estate License ID: US
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

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

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