Property summary
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
VerifiedCap rate & NOI
Current use
-
Restaurant
Location
Value estimations
Owner & transaction history
Zoning & alternative use
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
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
B5 · Jackson, TNZoning
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Zoning designation
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