Property profile

1751 Vann Dr Jackson, TN 38305

FOR SALE
Commercial real estate
Property ID
US80-1008055
21,150 SF 1.91 ac lot Built 2008
Individually Owned 20-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional Class A mixed-use property, located at 1751 Vann Drive in Jackson, Tennessee, presents a compelling investment opportunity. The 20,582 square foot, single-story building sits on a prominent site in Jackson's premier retail corridor, boasting high visibility and accessibility. Currently at 25% occupancy, this multi-tenant building offers significant upside potential. The property features a flexible layout, with leasable spaces ranging from 3,035 to over 17,000 square feet, catering to diverse business needs. Its strategic location at the intersection of Interstate 40 and Highway 412, between exits 79 and 80, ensures exceptional exposure to a high volume of traffic (50,000 vehicles per day on I-40 and 20,000 on Hwy 412). The property is zoned SC-2 and benefits from its proximity to major metropolitan areas, being just 80 miles east of Memphis and 120 miles west of Nashville. Furthermore, its location is only 45 miles east of Ford's Blue Oval City, a significant economic driver for the region. This turnkey investment offers a rare chance to acquire a well-positioned, multi-use asset in a rapidly growing market. The asking price is $3,500,000, with a price per square foot of $170.05 based on 17,280 net rentable square feet. The property is offered as a NNN lease. This is a truly unique opportunity to capitalize on the vibrant growth of Jackson, Tennessee.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2008
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 21,150 SF
Lot 1.91 ac (83,200 SF)
Zoning code SC1
APN 057055 05601
UPID US80-1008055

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1751 Vann Dr Jackson, TN 38305
Jackson metro Census 1605 JACKSON, TN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.39M
Comparable Approach Comparable
$3.11M
Blend (final) Blend
$770k

Owner & transaction history

since 2006
5 recorded transactions
2022
Price N/A
2006
$345,000
2006
Price N/A
2006
$690,000
1988
$70,000

Zoning & alternative use

SC1 · Jackson, TN
Top alternative use upside
Medical building $4.0M +50.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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