174 Stonebrook Pl Jackson, TN 38305-3643

Property Details for 174 Stonebrook Pl

Year built

1995

Lot size

0.99 lot acres

Property size

2,556 SF

Property type

Drive through restaurants

APN

057044O A 00300

APU

057044OA00300

Description

This exceptional investment opportunity presents a fee-simple, absolute NNN leased Long John Silver's restaurant and digital billboard in Jackson, Tennessee. The 2,598 square foot QSR, built in 1995 and renovated in 2018, sits on a 0.985-acre lot and boasts a 6.56% cap rate with a $105,000 NOI. The property enjoys a prime location on US Route 45, a major thoroughfare with over 43,000 vehicles daily, ensuring high visibility and accessibility. The Long John Silver's lease, originally commencing June 1, 1994, has a remaining term of 2.6 years with 4-5 year renewal options, extending to June 30, 2027. The tenant, Charter Foods Inc., a large and successful franchisee operating over 200 locations, recently acquired the store in 2023 and reports strong, increasing sales projected to reach $1,000,000 annually. The property also includes a digital billboard with a separate ground lease extending to 2067, generating an additional $20,000 annual income. Fixed annual rent bumps ensure consistent income growth. This offering provides a compelling combination of established tenant history, strong sales performance, and significant additional income from the billboard, making it an attractive investment opportunity. The asking price is $1,600,000, with a price per square foot of $615.86 and land value of $37 per square foot. The property is 100% occupied since its opening in June 1994.

Location Insight

City

Jackson

County

Madison

State

Tennessee

Longitude

-88.8563

Latitude

35.6826

CBSA code

27180

CBSA name

JACKSON, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments