2051 Highland Ave Jackson, TN 38305-4918
Property profile & analytics
2051 Highland Ave Jackson, TN 38305-4918
- Drive through restaurants
- 3,486 SF
- 1.30 lot acres
Property ID
US80-0677017
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- KFC / Restaurant
Property Details for 2051 Highland Ave
- Year built
- 1986
- Lot size
- 1.30 lot acres
- Property size
- 3,486 SF
- Zone code
- SC1
- Property type
- Drive through restaurants
- APN
- 057055M E 00300
- APU
- 057055ME00300
Description
This exceptional investment opportunity presents a 3,729 square foot KFC restaurant located at 2051 N Highland Ave, Jackson, TN 38305. The property boasts a new 20-year absolute NNN lease, commencing September 30, 2024, and guaranteed by a 161-unit subsidiary of a major US franchisee group. The lease includes 1.5% annual rent increases beginning in year seven and four, five-year renewal options, extending the lease to 2044. The property's strong financial performance is highlighted by 2023 sales exceeding the national KFC average by 115%, a trend that has continued for the past three years. The current Net Operating Income (NOI) stands at $213,302, yielding a 5.85% cap rate at the asking price of $3,646,000. Situated on a 1.26-acre lot with 62 parking spaces, the property is an outparcel to the Old Hickory Mall, a 538,641 square foot shopping center anchored by JCPenney and Belk, attracting over 1.2 million annual visitors. The location benefits from excellent visibility and access from Highway 45 (Highland Ave), boasting over 53,500 vehicles per day. The property underwent a complete remodel in 2005 and 2023. This prime retail location is within close proximity to numerous amenities, including a planned large-scale event center, a Kroger-anchored shopping center, I-40, a major hospital, and several hotels. The Jackson market's strong economy, fueled by major employers and a significant student population, further enhances the investment potential of this property. The KFC brand's consistent ranking among top fast-food chains adds to the overall appeal and stability of this investment.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Jackson
- County
- Madison
- State
- Tennessee
- Longitude
- -88.8285
- Latitude
- 35.6578
- CBSA code
- 27180
- CBSA name
- JACKSON, TN METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$11,975
$148,200
$195,400
$343,600
-
$370,500
$488,500
$859,000
