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201 East 5th St. Suite 2050 Cincinnati, OH 45202 P: 513-241-9002 F: 513-241-9003
Name: Hollywood Shopping Center
Address:

903 Hollywood Drive

City: Jackson
State: TN
Price: $2050000
Price/Sq ft : $40.43/square foot
Cap: 8.99%
Description:  
The subject property offers investors the opportunity to acquire a 50,700 square foot neighborhood shopping center in Jackson, TN. Jackson, TN is located 130 miles west of Nashville and 85 miles east of Memphis. Jackson, TN has a population of 62,711 people and is the fifth largest city in Tennessee. The five mile population is 61,000 people and is growing at a rate of 4.08%. The property is offered for sale at an 8.95% cap rate and will generate a cash-on-cash return of 10.35% based on market rate financing. The price is $40.43 per square foot and $284,22 per acre.

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