1683 S Highland Ave - Fast Food FOR SALE


Jackson, TN 38301
$1,136,000 USD
949-221-1807
1683 S Highland Ave, Jackson, TN for Sale
$1,136,000 USD
Fast Food - FOR SALE
1/7
null | 6% Cap Rate

1683 S Highland Ave
Jackson, TN 38301


HIGHLIGHTS

  • National Brand: Over 1,200 locations, strong customer loyalty, proven growth.
  • Absolute NNN Lease: Tenant covers all expenses, providing stable and pure passive income
  • Drive-Thru Location: High revenue, self-contained parcel, no shared parking or easements with adjacent properties
  • Rent Growth: 10% increases every 5 years on a 10-year lease.
  • Tax-Friendly: No state income tax, low property taxes.
  • Growing Area: Rapid MSA growth ensures customer base | Prime Road Visibility: 33,000 vehicles/day on a major corridor

OVERVIEW

BROKER OF RECORD: JONES AUR - License No. 332.179.00 Faris Lee Investments is pleased to offer for sale a recently constructed Marco’s Pizza drive-thru Absolute NNN leased investment in Jackson, Tennessee. Marco’s Pizza operates over 1,200 locations and has been recognized by Newsweek in 2023 for being awarded the coveted Newsweek’s America’s Best Customer Service in the pizza chain category. The drive-thru concept is relatively new for a pizza restaurant but is gaining traction within the industry as consumer dining habits have changed immensely over the past few years. Pizza remains a staple of the American diet, with a 27% growth rate in pizza restaurant revenue over the past 10 years. This location competes exceptionally well within this trade area, as Placer.ai is showing customer visits to Marco’s Pizza outnumber visits to the nearby Domino’s by more than 2 to 1. The drive-thru concept and quality pizza offerings at an affordable price have proven themselves and enabled this Marco’s Pizza location to build brand loyalty and a successful track record in a short amount of time. Jackson, Tennessee, is located almost halfway between Memphis and Nashville. Its location at Interstate 40, along with large employers in the area, has enabled Jackson to become the largest city between Memphis and Nashville and the 8th largest city in Tennessee. Population growth has exploded in the Jackson MSA; as recently as 2022, it was regarded as the fastest-growing MSA in the United States. The property is situated on Highland Avenue, a major north/south thoroughfare in Jackson, given Marco’s Pizza’s identity and ease of access to 33,000 vehicles per day.

FOR SALE DETAILS

PRICE

$1,136,000 USD

PRICE/SF

$940 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Marco's Pizza D/T | Absolute NNN | Fee Simple

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

Commercial

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Shaun RileyFaris Lee InvestmentsMore Info
949-221-1807

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Shaun RileyFaris Lee InvestmentsMore Info
949-221-1807

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