Property profile

1683 Highland Ave Jackson, TN 38301

OFF-MARKET
Drive through restaurants
Property ID
US80-1873174
1,272 SF 1.44 ac lot Built 2022
Entity Owned 4-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Restaurant

Location

1683 Highland Ave Jackson, TN 38301-7718
Jackson metro Census 1300 JACKSON, TN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$310k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$360k

Owner & transaction history

since 2021
Last sale
$395,000
3 recorded transactions
2021
$395,000
2021
Price N/A
2015
Price N/A

Zoning & alternative use

B5 · Jackson, TN

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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