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- LoopNet Team
1160 Vann Dr
Jackson, TN 38305
Hobby Lobby Center · Retail Property For Sale
PROPERTY FACTS
Amenities
- Signage
About 1160 Vann Dr , Jackson, TN 38305
Marcus & Millichap is pleased to present for sale the net-leased Hobby Lobby and Flatiron Grille located in Jackson, Tennessee. The Hobby Lobby is in year 14 of a 20-year triple net (NNN) lease, and has two 5-year renewal options with rent increases in both. There is also an additional $.50/square foot increase in year 16 for the remaining 5 years of the lease. The Flatiron Grille has 2 percent annual increases built into their lease, and has occupied the space since 2007. The Hobby Lobby and Flatiron Grille are located at the junction of Interstate 40 (46,500 vehicles daily at site) and Highway 45 (38,000 vehicles daily at site), in Jackson.
PROPERTY TAXES
| Parcel Number | 055-008.24 | Improvements Assessment | $1,815,640 |
| Land Assessment | $1,069,560 | Total Assessment | $2,885,200 |
PROPERTY TAXES
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