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2046 Pleasant Plains Ext Rd
Jackson, TN 38305

$3,211,615 USD

Storefront For Sale  •  10,017 SF

Property Details

  • Property Type Storefront
  • Total Building Size 10,017 SF
  • Lot Size 1.19 AC
  • Building Class C
  • Year Built 2019
  • Cap Rate 6.75 %
  • Tenancy Multiple
60 Walk Score

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.
Cap Rate: 6.75 %
Baker Baine 512-359-9190 Sands Investment Group Austin, LLC
Baker Baine 512-359-9190 Sands Investment Group Austin, LLC