Marco's Pizza for Sale in Jackson, TN
Jackson, TN
Key Investment Metrics
Price
$1,104,500
Cap Rate
6.8%
Net Operating Income
$74,556
Building Size
1208 SF
Land Area
1.44 Acres
Remaining Term
6.4 years
Lease Expiration
10/31/2032
Lease Term
10 years
Lease Commencement
11/01/2022
Lease Type
Absolute NNN
Tenant Credit
Franchisee
Year Built
2022
Occupancy
100%
Tenancy
Single
Rent Increases
10% Every 5 Years
Property overview
Marco's Pizza in Jackson
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 1,208 SF
- Land area
- 1.44 acres
- Year built
- 2022
- Lease type
- Absolute NNN
- Lease expiration
- 10/31/2032
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.