601 Old Hickory Blvd Jackson, TN 38305
- Retail properties
- 3,104 SF
Current Use by Public Records
- Arby's / Fast Food Restaurant / American Restaurant
Property Details for 601 Old Hickory Blvd
- Year built
- 1986
- Property size
- 3,104 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This fee-simple, 3,104 sq ft Arby's in Jackson, TN, offers a 7.72% cap rate and a strong corporate-backed, absolute NNN lease with 5.8 years remaining until 2030. The property boasts a 100% occupancy rate and a current NOI of $114,000. Situated on a 27,016 sq ft lot at 601 Old Hickory Blvd, this single-story building, constructed in 1986, benefits from its location on a high-traffic thoroughfare (46,000+ VPD) adjacent to an interstate, within a densely populated commercial area (69,639 people within a 5-mile radius). The lease includes rent bumps of 3% effective October 2027 and 10% for each renewal option, with two five-year renewal options available. This presents a compelling investment opportunity for those seeking a stable, long-term, low-maintenance income stream. The tenant, Arby's, has operated at this location for nearly 40 years, demonstrating a long-term commitment to the site. This property is ideal for a 1031 exchange.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Jackson
- County
- Madison
- State
- Tennessee
- Longitude
- -88.8509
- Latitude
- 35.6578
