Investment Overview

Marcus & Millichap is pleased to offer for sale the fee simple interest in 2124 North Highland Avenue (the Property), a 5,675-square-foot Auto Parts Store in which Advance Auto Parts has just under three-and-a-half years remaining on their double-net lease. The tenant has operated at this location since 1998 and has two 3-year renewal options remaining, with 7.5% rent increases in each option to offset inflation. The Property is strategically located on one of Jackson’s major retail corridors, with neighboring retail tenants such as AT&T, Starbucks, KFC, Chick-fil-A, Papa Johns Pizza, American Freight, Sonic Drive-In, Burger King, and numerous others. The Old Hickory Shopping Mall is located just south of the property, with retailers such as Belk, Chuck E. Cheese, JCPenney and Sears. Additionally, the Property is less than one mile south of the entrance to Interstate 40 and U.S. 412 providing the tenant with maximum visibility to highway travelers.