AT&T

  • $1.4M
2030 North Highland Avenue, Jackson, TN 38305, USA

AT&T

2030 North Highland Avenue, Jackson, TN 38305, USA
  • $1.4M

Sub listings

Title Property Type Price Beds Baths Property Size Availability Date
sqft

Description

Marketing Description
CBRE is offering to qualified investors the opportunity to acquire fee simple interest in the freestanding AT&T Retail Store located at 2030 North Highland Avenue, Jackson, TN (the “Property”). The Property is approximately three miles north of downtown Jackson and is strategically located along retail-dense Highland Avenue across from Old Hickory Mall and nearby Jackson Plaza Shopping Center.
The Property is being offered free and clear of any debt. Ownership anticipates investors consider the strong real estate fundamentals, brand name recognition, and the Tenants’ creditworthiness when evaluating the Property.

Investment Highlights
NNN LEASE OPPORTUNITY • LIMITED LANDLORD RESPONSIBILITY
DOMINANT BRAND W/ STRONG GUARANTY • AT&T IS THE SECOND LARGEST TELECOMMUNICATIONS COMPANY IN THE WORLD BY REVENUE. MARKET VALUE FOR AT&T WAS $198 BILLION IN 2018. WITH OVER 143 MILLION MOBILE CUSTOMERS, AT&T WAS RANKED #6 ON THE 2018 RANKINGS OF THE WORLD’S MOST VALUABLE BRANDS, PUBLISHED BY BRAND FINANCE. THIS SITE IS OPERATED AND GUARANTEED BY LIVE MOBILE, A PRIVATELY-OWNED AT&T FRANCHISOR. LIVE MOBILE AS BEEN IN OPERATION SINCE THE EARLY 90’S WITH OVER 120 LOCATIONS IN 12 STATES.
COMMITMENT TO LOCATION • THE TENANT HAS SIGNED A 10-YEAR LEASE WITH TWO FIVE-YEAR OPTIONS TO EXTEND.
HIGHLY DESIRABLE SITE WITH MINIMAL COMPETITION • AT&T IS LOCATED ALONG NORTH HIGHLAND AVENUE, A HIGHLY TRAVELED ARTERIAL ROAD WITH DIRECT ACCESS TO I-40. THE SITE IS DIRECTLY ACROSS THE STREET FROM OLD HICKORY MALL, WHICH HAS BEEN IN OPERATION SINCE 1967. RETAILERS IN THE IMMEDIATE AREA INCLUDE MACY’S, JCPENNEY, BELK, TALBOT’S AND KROGER. THE SHOPPING OPTIONS ALONG WITH A LARGE MIX OF QUICK SERVICE AND FAST CASUAL RESTAURANTS, ALL PROVIDE A VERY STRONG DRAW THROUGHOUT THE REGION.
2017 CONSTRUCTION
EXCELLENT ACCESS & VISIBILITY • LOCATED ALONG NORTH HIGHLAND AVENUE (±33,110 VPD) AND SOUTH OF STATE HIGHWAY 412 (±52,966 VPD)
PRIDE OF OWNERSHIP PROPERTY • IDEAL FOR 1031 EXCHANGE

Broker of Record
Paul Gaither
License: TN #265105

Details

Updated on July 29, 2019 at 2:44 am
  • Property ID: 18606
  • Price: $1.4M
  • Property Size: 2250 sqft
  • Year Built: 2017
  • Property Type: Retail
  • Property Status: For Sale
  • Price Per/Sf: 633.78
  • Lot Size (acres): 0.3
  • Building Class: A
  • Tenancy: Single
  • Cap Rate: 7.15%
  • Net Operating Income: 102,000
  • Investment Type: Net Lease

Additional details

  • Sub Type: Telecommunications
  • Lease Type: NNN
  • Lease Term: 10.6 years
  • Lease Commencement: 09/07/2016
  • Rent Commencement: 05/01/2017
  • Lease Expiration: 04/30/2027
  • Remaining Term: 7.8 years
  • Net Rentable (sq ft): 2,250
  • Occupancy: 100%
  • Units: 1
  • Rent Bumps: 10% every 5 years including Options
  • Lease Options: Two (2) 5-Year Options
  • Address 2030 North Highland Avenue, Jackson, TN 38305, USA
  • City Jackson
  • State/county Tennessee
  • Zip/Postal Code 38305

Floor Plans

Description:

Walkscore

Availability Calendar

Schedule a Tour

Your information

What's Nearby?

Education
Dream Ballroom Academy (0.79 mi)
Exceptional 1 reviews
Board & Brush Creative Studio (1.94 mi)
Exceptional 1 reviews
Union University (2.38 mi)
Good 3 reviews
Food
Starbucks (0.11 mi)
Good 12 reviews
El Mariachi Loco (0.11 mi)
Exceptional 5 reviews
Catfish Galley (0.12 mi)
Good 36 reviews
Health & Medical
LensCrafters (0.25 mi)
Average 2 reviews
Parkway Animal Hospital (0.65 mi)
Exceptional 3 reviews
The Allison Insurance Group (0.89 mi)
Poor 1 reviews

Contact Information

View Listings
Sam Alison
  • Sam Alison
  • +1 818-907-4690

Enquire About This Property

By submitting this form I agree to Terms of Use

Compare listings

Compare
Sam Alison
  • Sam Alison