2046 Pleasant Plains Ext Rd - Storefront FOR SALE
Jackson, TN 38305 |
$3,211,615 USD
512-359-9190
2046 Pleasant Plains Ext Rd
Jackson, TN 38305
HIGHLIGHTS
- The property is leased to 5 tenants on Triple Net (NNN) Leases, with tenants responsible for their pro rata share of CAM, real estate taxes, etc.
- Offered at $3,211,615, the property is available at a 6.75% CAP Rate on current NOI of $216,784.
- The center is 93.87% occupied and benefits from a diverse roster of serviceo riented and experience-based operators.
- Lease maturities are well distributed from 2029 through 2033, with no 2 tenants expiring in the same year.
- Several leases include contractual rent escalations, providing a clear path for organic revenue growth over the hold period.
- The property is positioned within North Jackson, the region's premier retail and commercial corridor serving a broad trade area across West Tennessee.
OVERVIEW
Sands Investment Group is pleased to exclusively offer for sale the 10,017 SF Pleasant Plains property located at 2046 Pleasant Plains Ext in Jackson, TN. This investment features 5 tenants operating under Triple Net (NNN) Leases, with tenants responsible for CAM, taxes, and insurance on a pro-rata basis. The landlord benefits from minimal management responsibilities and protection against rising operating expenses, creating a stable and passive income opportunity.
In Cooperation With Sands Investment Group Tennessee, LLC - Lic. #263973 BoR: Tom Gorman - Lic. TN #370394
FOR SALE DETAILS
PRICE
$3,211,615 USD
PRICE/SF
$321 USD /SF
CAP RATE
6.75%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Pleasant Plains Shopping Center - Jackson TN
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
ADD'L SUBTYPES
Storefront Retail/Office, Storefront Retail/Residential
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2019
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.19 AC
LAND SF
51,836 SF
ZONING
-
APN/PARCEL ID
055-008.17
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512-359-9190
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512-359-9190
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