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    OFF-MARKET
    Drive through restaurants

    1683 Highland Ave, Jackson, TN 38301-7718

    1,272 SF 1.44 ac lot Built 2022
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US80-1873174
    Property summary
    AI-generated overview

    This 1,208 sq ft Marco's Pizza in Jackson, Tennessee, presents a compelling investment opportunity. Situated on a 1.44-acre lot on Highland Avenue, a major thoroughfare with 33,000 vehicles daily, this property benefits from exceptional visibility and accessibility. The building, constructed in 2022, is 100% occupied under an Absolute NNN lease with a national brand tenant. The lease, commencing November 1, 2022, and expiring October 31, 2032, has a remaining term of 7.9 years, including four 5-year renewal options with 10% rent bumps. The property generates a strong NOI of $68,160, resulting in a 6.00% cap rate. The location is strategically positioned midway between Memphis and Nashville on I-40, within a rapidly growing MSA, and near major employers, Walmart, and Lowe's. The drive-thru model contributes to high customer traffic, exceeding nearby competitors by a significant margin. This offering presents a rare chance to acquire a stable, high-performing asset in a thriving market with significant long-term growth potential. The property's Commercial zoning and APN is 057109A A 01602. The asking price is $1,136,000.

    Property profile
    Verified
    Property type Drive through restaurants
    Use group DRIVE-THRU RESTAURANT, FAST FOOD
    Year built 2022
    Total area 1,272 SF
    Lot 1.44 ac (62,726 SF)
    Zoning code B5
    APN 057109A A 01602
    UPID US80-1873174
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Marco's Pizza Restaurant
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
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    Owner & transaction history
    Kelly Richardson Investments LLC · 4 yrs held
    Kelly Richardson Investments LLC
    since 2021
    Last sale
    $395,000
    3 recorded transactions
    2021
    $395,000
    2021
    2015
    Zoning & alternative use
    B5 · Jackson, TN
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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