Property profile

2021 N Highland Ave Jackson, TN 38305

FOR LEASE
Super regional malls
Property ID
US80-0596485
60,559 SF 42 ac lot Built 1981
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

Old Hickory Mall, located at 2021 N Highland Avenue in Jackson, Tennessee, offers a diverse range of office spaces for lease. This prominent retail center, situated conveniently off I-40 on Route 45 between Memphis and Nashville, boasts a total of 538,641 square feet. The property, originally built in 1967 and renovated in 1993, provides ample parking with 2,812 spaces. Currently, one retail space of 3,202 square feet is available. The building's diverse tenant mix includes national and local brands, as well as fast-casual dining establishments. The property is classified as Retail, Office, and Restaurant, and the available space is suitable for various office uses, including Executive Office, Coworking, Medical Office, Creative Office, and Traditional Office. Located in Madison County, Tennessee, zip code 38305, this property presents a unique opportunity for businesses seeking a high-visibility location with convenient access to major transportation routes. The property's established tenant base and strong location make it an attractive option for a variety of businesses. Contact us to learn more about this exceptional leasing opportunity.

Property profile

Verified
Property type Super regional malls
Use group REGIONAL SHOPPING CENTER, MALL
Year built 1981
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 60,559 SF
Lot 42 ac (1,829,520 SF)
Zoning code SC1
APN 057055M E 00200
UPID US80-0596485

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
  • Clothing & Fashion Store
  • Clothing & Fashion Store (Bike/Boat/Book/etc) Store
  • (Bike/Boat/Book/etc) Store
  • Tattoo & Piercing Shop
  • Shopping Center & Mall

Location

2021 N Highland Ave Jackson, TN 38305
Jackson metro Census 200 JACKSON, TN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$5.44M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$5.90M

Owner & transaction history

since 2022
Last sale
$5.5M
6 recorded transactions
2024
Price N/A
2022
$5.5M
2021
$950,000
2020
$550,000
2020
$550,000
2002
Price N/A

Zoning & alternative use

SC1 · 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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