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1321 S Highland Ave, Jackson, TN, 38301

Dollar Tree
$1,500,000

Key Information

Cap Rate
8%
$ per SF
$150
Tot. SF
10,000
Lot Size
1.35 Acres
Year Built
2014
Term Remaining
± 3.85 Years
Type
Retail
Occupancy
100%
NOI
$120,000

Highlights

  • Durable All-Brick Construction: The property features durable all-brick construction, providing long-term structural integrity and minimizing ongoing exterior maintenance requirements for ownership.
  • Solid Demographic Profile: Average household income within a 5-mile radius is approximately $59,000, supporting the location’s consumer base.
  • High-Visibility Retail Corridor: The property benefits from strong exposure along S Highland Avenue, where traffic counts exceed 35,000 vehicles per day, supporting consistent consumer visibility and accessibility.
  • Established Net Lease Corridor: The surrounding trade area includes a strong concentration of national retailers and restaurants including Lowe’s Home Improvement, Walmart, Pizza Hut, T-Mobile, Arby’s, McDonald’s, Advance Auto Parts, Dollar General, Taco Bell, Long John Silver’s, Sonic, Dunkin’, Zaxby’s, Walgreens, Subway, O’Reilly Auto Parts, Burger King, and Popeyes, all within approximately two miles of the subject property.
  • Dense Regional Population Base: The property serves an estimated 34,310 residents within a 5-mile radius and approximately 85,000 residents within a 10-mile radius, providing a stable and diverse consumer base to support ongoing retail demand.
  • Favorable Tennessee Tax Environment: Tennessee is one of only nine states with no state income tax, enhancing its appeal for both residents and businesses while supporting long-term economic growth and in-migration trends.
  • Unique Market Positioning: This is the only standalone Dollar Tree in Jackson, Tennessee, creating a differentiated presence within the local market.
  • Corporately Guaranteed Lease Backed by Investment-Grade Credit: The lease is corporately guaranteed by Dollar Tree, providing investors with the added security of an investment-grade credit profile.
  • Essential Retail Tenant: Dollar Tree was recognized as an essential retailer during the COVID-19 pandemic, underscoring the resiliency and necessity-based nature of its business model.
  • Demonstrated Tenant Commitment: Dollar Tree has successfully operated at this location since 2014 and recently exercised a 5-year lease extension, reflecting continued confidence in the site’s performance.
  • High-Visibility Location: Positioned along a well-trafficked roadway with strong daily vehicle counts and excellent frontage visibility.
  • Strong Store Performance: The location ranks in the top 58th percentile nationally among Dollar Tree stores for foot traffic, further supporting the store’s operating strength and relevance within the chain.

Photos

Location

Agents

Broker of Record

Hutt Cooke

License # 263667, 356505 (TN)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203