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The Columns

Retail | 7.50% CAP | 19,836 SF

Listing Contacts

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Active

Asking Price: $3,958,000
Address 

1032 Vann Dr, Jackson, TN 38305

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Date Added
Mar 13, 2025
Days on Market
41 days
Time Since Last Update
41 days

Details

Property TypeRetail
SubtypeShopping Center
TenancyMulti
Brand/TenantLendmark, Maggie Moo's, The Uniform Source
Number of Tenants9
Square Footage19,836
Net Rentable (sq ft)19,836
Price/Sq Ft$199.54
Cap Rate7.50%
Occupancy100%
NOI$297,000
Units7
Year Built2005
Buildings1
Stories1
Lot Size (acres)3.79
APN055-008.30

Marketing Description

• Anchored to the largest power center in the area

• Big box tenants in the submarket include Home Depot, Best Buy, Hobby Lobby, Walmart, Lowes, Dick’s, Kohl’s and more

• Staggered lease expirations mitigate vacancy risks

• Only two tenants with options, providing future landlord flexibility

• 100% occupied

• New roof installed in 2020 and warranty in place until 2035

• Parking lot is in good condition

• Newbury St Menswear is in the process of expanding next door

• Outparcel development opportunity

• Rents are below market on multiple suites

Investment Highlights

• Only 3.1% vacancy in the market

• Market rents within the Columns Shopping Center for small shop space is $24 psf

• Rents have increased 3.4% year over year in Jackson, compared to a 1.9% increase nationally

• Centrally located within the primary retail corridor

• Major traffic drivers in the immediate area include Home Depot, Walmart, Lowes, Dick’s, Kohl’s, Hobby Lobby, Best Buy and more

• Strong incomes in trade area:

• 1-mile: $77,387

Valuation Calculator

Valuation Calculator

Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$297,000.00
$24,750.00/mo

Valuation Metrics

0
DSCR
7.5%
Cap Rate
7.5%
ROI

Due Diligence

Due diligence information will be provided.
Please reach out to the listing contacts for details.

Contact

Listing Contacts

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