Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
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Restaurant Take-out & Catering
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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