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Pleasant Plains Shopping Center - Jackson TN 2046 Pleasant Plains Ext Rd 10,017 SF 94% Leased Retail Building Jackson, TN 38305 $4,510,906 CAD ($450.33 CAD/SF) 6.75% Cap Rate
Investment 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.
- The center is 93.87% occupied and benefits from a diverse roster of serviceo riented and experience-based operators.
- Several leases include contractual rent escalations, providing a clear path for organic revenue growth over the hold period.
- Offered at $3,211,615, the property is available at a 6.75% CAP Rate on current NOI of $216,784.
- Lease maturities are well distributed from 2029 through 2033, with no 2 tenants expiring in the same year.
- The property is positioned within North Jackson, the region's premier retail and commercial corridor serving a broad trade area across West Tennessee.
Executive Summary
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
In Cooperation With Sands Investment Group Tennessee, LLC - Lic. #263973 BoR: Tom Gorman - Lic. TN #370394
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
10,017 SF
Building Class
C
Year Built
2019
Price
$4,510,906 CAD
Price Per SF
$450.33 CAD
Cap Rate
6.75%
NOI
$304,486 CAD
Percent Leased
94%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
1.19 AC
Moderately walkable
60/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 055-008.17 | Improvements Assessment | $640,367 CAD |
| Land Assessment | $377,770 CAD | Total Assessment | $1,018,137 CAD |
Property Taxes
Parcel Number
055-008.17
Land Assessment
$377,770 CAD
Improvements Assessment
$640,367 CAD
Total Assessment
$1,018,137 CAD
Contacts
-
Baker Baine -
Thomas Miller -
Zuhare Rizvon -
Ethan Offenbecher -
Sands Investment Group Austin, LLC
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Pleasant Plains Shopping Center - Jackson TN | 2046 Pleasant Plains Ext Rd
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