601 Old Hickory Blvd Jackson, TN 38305
- Retail properties
- 3,104 SF
- 0.58 lot acres
Current Use by Public Records
- Arby's / Sandwich Shop / Fast Food Restaurant
Property Details for 601 Old Hickory Blvd
- Year built
- 1986
- Lot size
- 0.58 lot acres
- Property size
- 3,104 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a fee-simple, corporate-backed Arby's restaurant located at 601 Old Hickory Blvd, Jackson, TN 38305. The property boasts a 3,104 square foot building on a 0.58-acre lot, built in 1986 and renovated in 2016. Currently operating under an absolute NNN lease with a corporate guarantee, the lease commenced October 12, 1986, and expires September 29, 2030, providing 5.9 years of remaining lease term with two five-year renewal options. The lease includes rent bumps of 3% effective October 2027 and 10% for each renewal. The property enjoys a 7.02% cap rate and a strong NOI of $114,000. Situated in a high-traffic area with over 46,000 vehicles per day on the nearby Highway 45 Bypass, and within a 5-mile radius of a population of 69,639, this Arby's benefits from excellent visibility and consistent customer traffic. The asking price is $1,625,000, translating to $523.52 per square foot. This is a rare chance to acquire a stable, long-term, and passively managed income-generating asset with a nationally recognized brand tenant. The property's location in a dense commercial area adjacent to an interstate further enhances its investment appeal. This is a truly exceptional opportunity for a savvy investor seeking a secure and profitable addition to their portfolio.
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
