1006 S Highland Ave - Retail FOR SALE


Jackson, TN 38301
$765,818 USD
760-720-5449
1006 S Highland Ave, Jackson, TN for Sale
$765,818 USD
Retail - FOR SALE
1/5
null | 7.15% Cap Rate

1006 S Highland Ave
Jackson, TN 38301


HIGHLIGHTS

  • New 5-Year NNN Lease signed in August 2024
  • Minimal landlord responsibilities offering an ideal, low management investment for an out-of-state, passive investor
  • Scheduled rent increases providing a hedge against inflation

OVERVIEW

This investment opportunity offers a 2,808sf office building on 2.1ac leased to Southern Roofing and Renovations, one of the nations largest residential roofing contractors. Southern Roofing and Renovations currently has 23 locations in 8 different states. In August 2024 they signed a 5-year lease with 1 (5yr) option to extend that includes annual rental increases. This office location is critical to managing the contractor’s everyday work and is also used to store supplies for their jobsites. The 2.1acres site provides for additional growth and landlord upside

FOR SALE DETAILS

PRICE

$765,818 USD

PRICE/SF

$273 USD /SF

CAP RATE

7.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.15 AC

LAND SF

93,672 SF

ZONING

B5

APN/PARCEL ID

100-005.00

ASK ABOUT THIS PROPERTY

Greg LabarreSRS Real Estate PartnersMore Info
760-720-5449

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Greg LabarreSRS Real Estate PartnersMore Info
760-720-5449

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.