38301 Archives | Sands Investment Group

Sands Investment Group is Pleased to Present For Sale the Bemis Square Multi-Tenant Located in Jackson, Tennessee. This Value-Add Opportunity Boasts a Strong Tenant Line-up That Includes Goodwill, Verizon and CVS, as Well as a Diverse Mix of Local Credit Tenants. This Property Provides a Stable Investment For a New Owner With Significant Upside in Leasing the Vacant Outparcel and Pushing Rents to Market. The Property Benefits From Great Visibility and Easy Access Along the Highly Trafficked Road of S Highland Avenue.

Value-Add Investment: Bemis Square is Roughly 90% Occupied With Goodwill as the Anchor; The Center Also Includes Other Notable Tenants Such as Verizon and CVS With the Remainder Being a Diverse Group of Local Credit Tenants at Below Market Rents; This Opportunity Allows a New Owner to Come in and Push Existing Rents to Market While Immediately Leasing up the 12,800 SF of Available Space to Realize the Upside Potential
Roof Condition: The Majority of the Property’s Roof Was Replaced in 2011 With the Remainder Being Replaced in 2015 and it is in Great Condition
Parking Lot Condition: The Parking Lot is Asphalt and Was Last Repaved in 2019; It is in Great Condition
Below Market Rents: The In-Place Rents Are Well Below Market, Providing Significant Upside to a New Owner By Pushing Rents to Market Levels
High Yield Property: Ability to Achieve a 10.3% Cap Rate With Lease Up of the Vacant Outparcel
Well-Located With Exceptional Access: The Property is Strategically Located Along S Highland Avenue That Leads Directly Into the Heart of Jackson, Seeing an Impressive Traffic Count of 38,634 Vehicles Per Day; The Property Also Benefits From Two Points of Egress/Ingress With Excellent Visibility From the Road
Strong Population Growth: The Population Within a 3-Mile Radius of the Property Grew 7.0% From 2010-2022 and is Expected to Grow By 2.6% By 2027; Showing the Strength of This Growing Market
Jackson, TN: Situated Along I-40 Between Nashville and Memphis, Jackson is a Part of Madison County, Which Operates as the Medical, Retail, Cultural and Geographical Center For Its Trade Area That Exceeds 300,000 Residents
Retail Synergy: The Property is Conveniently Located Near Other Notable Retail Tenants Such as: Dollar Tree, O’Reilly’s, Walgreens, Zaxby’s and More, Generating a Large Amount of Traffic to the Area