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    404 Oil Well Rd Jackson, TN 38305

    Sponsored
    For Lease
    $18 SF/Yr ($13,650 /Mo)

    Prime Restaurant Space, 1,300 SF, High Traffic

    Lot size:
    9,100 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1,300 square foot retail space, located at 404 Oil Well Road in Jackson, Tennessee, presents a unique investment opportunity. Situated within the thriving Shops of Thomsen Farms, this Class A property boasts a prime location alongside established businesses such as Walgreens, Kroger, Target, and Academy Sports. The single-tenant space is ideal for a restaurant, featuring a fully equipped kitchen complete with fire suppression and walk-in cooler and freezer. The property sits on a 1.15-acre lot and includes 8 parking spaces. The building itself is a single-story structure totaling 9,100 square feet. The asking rent is $18.00 per square foot, NNN, with a 5-year lease term. Additional costs include $5.13 per square foot for taxes, insurance, and CAM, totaling $555.75 per month. Nearby businesses include Fleet Feet, Pro Nails, Jet's Pizza, and The Urban Eye. Landlord approval is required for specific tenant uses

    Property Features for 404 Oil Well Rd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    9,100 SF
    Class
    A
    Total Rate
    13650

    Building Details

    Stories
    1

    Unit(s) available at that property

    Space
    Size
    1,300 SF
    Rate per SF
    $18
    Property Profile Location Intelligence

    Current Use by Public Records

    Island Jamaican Spice Caribbean Restaurant

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Madison
    State
    Tennessee
    Longitude
    -88.8605375
    Latitude
    35.689282

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    FAQs

    What type of property is this?
    Restaurant - Prime Restaurant Space, 1,300 SF, High Traffic
    Where is this restaurant located?
    The property is located at 404 Oil Well Rd Jackson, TN.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    Request Owner's contact information
    404 Oil Well Rd Jackson, TN 38305
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    Jackson, TN 38305
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    404 Oil Well Rd Jackson, TN 38305
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