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1320-1328 S Highland Ave
Jackson, TN 38301
Bemis Square · Retail Property For Sale
EXECUTIVE SUMMARY
Bemis Square is a ±130,310 SF value-add shopping center strategically positioned along South Highland Avenue (U.S. Highway 45) in South Jackson’s primary retail corridor. The property benefits from excellent visibility and exposure to approximately 38,000 vehicles per day.
Anchored by long-standing tenants such as Goodwill and Dynamix Physical Therapy, YMCA and complemented by regional and local service retailers, Bemis Square offers investors both stable in-place cash flow and significant upside through lease-up of 55K vacant space, development of three outparcels, and mark-to-market rent opportunities. Flexible PB (Planned Business) zoning, the asset is well-positioned for a variety of retail, medical, entertainment, or service concepts seeking a high-visibility South Jackson presence.
Anchored by long-standing tenants such as Goodwill and Dynamix Physical Therapy, YMCA and complemented by regional and local service retailers, Bemis Square offers investors both stable in-place cash flow and significant upside through lease-up of 55K vacant space, development of three outparcels, and mark-to-market rent opportunities. Flexible PB (Planned Business) zoning, the asset is well-positioned for a variety of retail, medical, entertainment, or service concepts seeking a high-visibility South Jackson presence.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
130,310 SF
Building Class
C
Year Built
1981
Price
$6,074,359 CAD
Price Per SF
$46.61 CAD
Cap Rate
8.48%
NOI
$515,106 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
4 Exterior
Building FAR
0.28
Lot Size
10.70 AC
Zoning
SC1
Parking
812 Spaces (6.23 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | 100I-E-010.04 | Improvements Assessment | $2,805,176 CAD |
| Land Assessment | $523,957 CAD | Total Assessment | $3,329,134 CAD |
PROPERTY TAXES
Parcel Number
100I-E-010.04
Land Assessment
$523,957 CAD
Improvements Assessment
$2,805,176 CAD
Total Assessment
$3,329,134 CAD
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