Pleasant Plains – Jackson, TN

2046 Pleasant Plains Extension, Jackson, TN 38305, USA

Sands Investment Group is pleased to exclusively offer for sale the 10,017 SF Pleasant Plains NNN Asset property located at 2046 Pleasant Plains Ext in Jackson, TN. This investment features 5 tenants operating under Triple Net (NNN) Leases, with tenants responsible for CAM, taxes, and insurance on a pro-rata basis. The landlord benefits from minimal management responsibilities and protection against rising operating expenses, creating a stable and passive income opportunity.

  • True Triple Net (NNN) Structure Delivering Passive Ownership: The property is leased to 5 tenants on Triple Net (NNN) Leases, with tenants responsible for their pro rata share of CAM, real estate taxes, and insurance, with limited expense caps. This structure minimizes landlord responsibilities and helps protect ownership from operating expense inflation, creating a durable and passive income stream.
  • Attractive Basis at a 6.75% Going-In Cap Rate: Offered at $3,211,615, the property is available at a 6.75% CAP Rate on current NOI of $216,784. At ~$320 PSF, the acquisition provides investors with a stabilized retail asset at a basis significantly below today’s replacement cost for comparable small-shop retail product.
  • High Occupancy Supported by E-Commerce Resistant Tenancy: The center is 93.87% occupied and benefits from a diverse roster of service-oriented and experience-based operators spanning food & beverage, healthcare, and personal services. These tenant categories are inherently less susceptible to e-commerce disruption and provide stable, recurring consumer demand.
  • Staggered Lease Expirations Reduce Rollover Exposure: Lease maturities are well distributed from 2029 through 2033, with no 2 tenants expiring in the same year. This staggered schedule mitigates rollover risk and provides future ownership with flexibility to capture market rent growth without facing concentrated vacancy exposure.
  • Built-In Rent Growth Enhances Future NOI: Several leases include contractual rent escalations, providing a clear path for organic revenue growth over the hold period. These embedded increases support NOI expansion without requiring assumptions related to new leasing activity or market rent appreciation.
  • Strategic Location Within Jackson’s Dominant Retail Corridor: The property is positioned within North Jackson, the region’s premier retail and commercial corridor serving a broad trade area across West Tennessee. The market is poised for continued growth as Ford’s $5.6 billion BlueOval City development ramps toward full operation, bringing thousands of new jobs and significant economic investment to the region. Combined with Jackson’s established role as a healthcare, manufacturing, and logistics hub, the property is well positioned to benefit from an expanding population and consumer demand.

In Cooperation With Sands Investment Group Tennessee, LLC – Lic. #263973 BoR: Tom Gorman – Lic. TN #370394

Price

$3,211,615

Cap Rate

6.75%

PREMISES

10,017 SF

YEAR BUILT

2019

Lease Expiration

Varies

Lease Type

NNN

List with SIG

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