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New Construction Raymond James w/ 10-Yr. Corp. Lease | 2% Annual Increases

1381 Union University Dr, Jackson, TN 38305

Listing Price: $2,365,000

Cap Rate
6.00%
Tenant Name
Raymond James Financial Services
Years Remaining On Lease
9.9
Guarantor
Corporate Guarantee
Rentable SF
6,540
Lease Type
Double Net
Rent Per Square Feet
$21.70

Investment Overview

Marcus & Millichap is pleased to bring to market Raymond James Finacial Services building located in Jackson, TN.

Investment Highlights

  • New Construction Financial Services Office | Expected to Deliver in July 2023
  • New 10-Year NN Lease | 2 Percent Annual Rental Increases
  • Two, Five-Year Options with Rental Increases in Each
  • High Visibility in Very Dense Retail and Office Corridor Just Off of Interstate 40
  • Near Multiple National Tenants Such as Target, McDonald's, PetCo, Red Lobster, Crumbl Cookies, Starbucks, Kroger, Walgreens and More
  • Strong Demographics: Population Exceeds 76,000 Within 7-Miles, Expected to Increase by 2027 | Daytime Population Exceeds 98,200+

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s) TN: 307629

    Tennessee

Financing By

Bank

New Construction Raymond James w/ 10-Yr. Corp. Lease | 2% Annual Increases

Listing Price: $2,365,000

Cap Rate
6.00%
Tenant Name
Raymond James Financial Services
Years Remaining On Lease
9.9
Guarantor
Corporate Guarantee
Rentable SF
6,540
Lease Type
Double Net
Rent Per Square Feet
$21.70

Investment Highlights

  • New Construction Financial Services Office | Expected to Deliver in July 2023
  • New 10-Year NN Lease | 2 Percent Annual Rental Increases
  • Two, Five-Year Options with Rental Increases in Each
  • High Visibility in Very Dense Retail and Office Corridor Just Off of Interstate 40
  • Near Multiple National Tenants Such as Target, McDonald's, PetCo, Red Lobster, Crumbl Cookies, Starbucks, Kroger, Walgreens and More
  • Strong Demographics: Population Exceeds 76,000 Within 7-Miles, Expected to Increase by 2027 | Daytime Population Exceeds 98,200+

Investment Overview

Marcus & Millichap is pleased to bring to market Raymond James Finacial Services building located in Jackson, TN.

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s): TN: 307629

    Tennessee

Financing By

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