Marco's Pizza D/T | Absolute NNN | Fee Simple | 1683 S Highland Ave
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Marco's Pizza D/T | Absolute NNN | Fee Simple 1683 S Highland Ave
1,208 SF Retail Building Jackson, TN 38301 £888,863 (£736/SF) 6% Net Initial Yield
Investment Highlights
- National Brand: Over 1,200 locations, strong customer loyalty, proven growth.
- Drive-Thru Location: High revenue, self-contained parcel, no shared parking or easements with adjacent properties
- Tax-Friendly: No state income tax, low property taxes.
- Absolute NNN Lease: Tenant covers all expenses, providing stable and pure passive income
- Rent Growth: 10% increases every 5 years on a 10-year lease.
- Growing Area: Rapid MSA growth ensures customer base | Prime Road Visibility: 33,000 vehicles/day on a major corridor
Executive Summary
BROKER OF RECORD: JONES AUR - License No. 332.179.00
Faris Lee Investments is pleased to offer for sale a recently constructed Marco’s Pizza drive-thru Absolute NNN leased investment in Jackson, Tennessee. Marco’s Pizza operates over 1,200 locations and has been recognized by Newsweek in 2023 for being awarded the coveted Newsweek’s America’s Best Customer Service in the pizza chain category. The drive-thru concept is relatively new for a pizza restaurant but is gaining traction within the industry as consumer dining habits have changed immensely over the past few years. Pizza remains a staple of the American diet, with a 27% growth rate in pizza restaurant revenue over the past 10 years. This location competes exceptionally well within this trade area, as Placer.ai is showing customer visits to Marco’s Pizza outnumber visits to the nearby Domino’s by more than 2 to 1. The drive-thru concept and quality pizza offerings at an affordable price have proven themselves and enabled this Marco’s Pizza location to build brand loyalty and a successful track record in a short amount of time.
Jackson, Tennessee, is located almost halfway between Memphis and Nashville. Its location at Interstate 40, along with large employers in the area, has enabled Jackson to become the largest city between Memphis and Nashville and the 8th largest city in Tennessee. Population growth has exploded in the Jackson MSA; as recently as 2022, it was regarded as the fastest-growing MSA in the United States. The property is situated on Highland Avenue, a major north/south thoroughfare in Jackson, given Marco’s Pizza’s identity and ease of access to 33,000 vehicles per day.
Faris Lee Investments is pleased to offer for sale a recently constructed Marco’s Pizza drive-thru Absolute NNN leased investment in Jackson, Tennessee. Marco’s Pizza operates over 1,200 locations and has been recognized by Newsweek in 2023 for being awarded the coveted Newsweek’s America’s Best Customer Service in the pizza chain category. The drive-thru concept is relatively new for a pizza restaurant but is gaining traction within the industry as consumer dining habits have changed immensely over the past few years. Pizza remains a staple of the American diet, with a 27% growth rate in pizza restaurant revenue over the past 10 years. This location competes exceptionally well within this trade area, as Placer.ai is showing customer visits to Marco’s Pizza outnumber visits to the nearby Domino’s by more than 2 to 1. The drive-thru concept and quality pizza offerings at an affordable price have proven themselves and enabled this Marco’s Pizza location to build brand loyalty and a successful track record in a short amount of time.
Jackson, Tennessee, is located almost halfway between Memphis and Nashville. Its location at Interstate 40, along with large employers in the area, has enabled Jackson to become the largest city between Memphis and Nashville and the 8th largest city in Tennessee. Population growth has exploded in the Jackson MSA; as recently as 2022, it was regarded as the fastest-growing MSA in the United States. The property is situated on Highland Avenue, a major north/south thoroughfare in Jackson, given Marco’s Pizza’s identity and ease of access to 33,000 vehicles per day.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,208 SF
Building Class
B
Year Built
2022
Price
£888,863
Price Per SF
£736
Net Initial Yield
6%
NOI
£53,332
Tenancy
Single
Number of Floors
1
Zoning
Commercial
Nearby Major Retailers
1 of 8
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Marco's Pizza D/T | Absolute NNN | Fee Simple | 1683 S Highland Ave
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