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Classic Auction - Retail

Value Add NNN National Powerhouse Center: Jackson, TN

1320 S Highland Ave, Jackson, TN 38301

ClosedJune 7th, 2021
This asset was part of the Suspense sale event, resulting in a successful transaction that closed in just 31 days.

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  • Asset Type
  • Real Estate
  • Property Type
  • Retail
  • Land Area
  • 13.55 Acres
  • Year Built
  • 1978
  • Number of Floors
  • 1
  • Number of Buildings
  • 2
  • Parking Count
  • 812
  • Occupancy
  • 100.00%
  • Occupancy as of
  • Mar 01, 2021
  • Retail Type
  • Neighborhood Center
  • Anchor
  • Yes
  • Anchor Tenant(s)
  • CVS-Coram, Cowboy Jims, Goodwill
  • Property Size
  • 130,310 Sq Ft

100% Occupied National Tenant Retail Center

Investment Highlights 

  • NOI: $791,521.18--Goodwill extension until 2028, executing five year option two years early
  • 100% Occupied Center With 97% NOI From National Tenants
  • Value-Add Upside Through Dairy Queen Build-to-Suit LOI (see data vault) and Potential Additional Outparcel Development
  • 100% NNN Leases With Limited Landlord Responsibility and Long-Term Cashflow
  • Nonrecourse and Recourse Financing Quotes Available (see data vault for quotes)


Investment Summary 

Brookwood Capital Advisors and RealINSIGHT Marketplace are pleased to present a Value-Add NNN National Powerhouse Center (The "Property"), a 130,310 square foot center in Jackson TN. The property has 97% national tenants including Goodwill & CVS-Coram. The property has significant value-add potential through development of 4 potential outparcels including one which Dairy Queen has recently submitted a build-to-suit LOI increasing future NOI dramatically. Other national tenants include Apria Healthcare, a medical supplier with over 275 units, and Verizon Wireless (outparcel). 

Jackson TN is equidistant form Memphis and Nashville along I-40is in Madison County and is considered the regional center of West Tennessee.  This center has significant visibility to heavily traveled US Highway 45 (29k VPD) and is approximately 8 miles south of I-40 with direct access to Memphis and Nashville. National retailers within a mile of the Property include Walmart Supercenter, Lowe’s, Dollar Tree, Subway, Walgreens, Zaxby’s, Dollar General, Food Giant, AutoZone, Jack’s, and more.

Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.

Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.

You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.

ClosedJune 7th, 2021
This asset was part of the Suspense sale event, resulting in a successful transaction that closed in just 31 days.

Ready to sell your asset on the platform with the highest trade rate in the industry?
Get Started Today!

Need Help?

Have questions about Marketplace? You can reach us at 800.915.7015 or info@rimarketplace.com.

Auctioneer

  • John Roebuck

    c/o Fisher Auction Company Inc.

    License: 1702 TN Broker No. 00022430