3518 Jackson Ave, Memphis, TN, 38122

3518 Jackson Ave Memphis, TN 38122

3518 Jackson Ave, Memphis, TN, 38122
3518 Jackson Ave, Memphis, TN, 38122 3518 Jackson Ave, Memphis, TN, 38122
FOR SALE
Property Type:
Big Box Retail
Amount:
$300,000
Last Verified:
Feb 16, 2024


Description

Tenant is Quinn’s Auto Repair

Lease runs through July 2028

NOI is $28,800 per year

Increase to $30,600 in January 2025

NNN Lease

Located on Jackson Avenue


Year Built: 1956
Building Size: 1296sq ft
Building Class: C
Lot Size: 0.26 acres

Map of 3518 Jackson Ave, Memphis, TN, 38122

Presented by:
NAI | Saig Company

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Brian Califf


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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.