Jason’s Deli

1585 Chickering Ln, Cordova, TN
Deal Type:
Net Lease
Price:
$2,307,692
Cap Rate:
6.50%
Current Rent:
$150,000
Lease Term:
15 years
Landlord Responsibilities:
None
Renewal Options:
4 x 5 Year
Building Sq. Ft.:
5,278 SF
Rent Increases:
10% Every 5 Years
Site Size:
1 Acre
  • jason's deli stream capital partners
  • jason's deli stream capital partners
  • jason's deli stream capital partners
  • jason's deli stream capital partners

Investment Highlights

  • Commitment: New 15-year absolute net lease
  • High Volume Store: with over $2M in reported sales
  • Income Tax-Free State: No state tax collected in Tennessee
  • Rental Increases: 10% increases every 5 years throughout primary term and options
  • Operating History: Jason’s has been in continuous operation at this site since 2001
  • Strong Guaranty: Multi-unit guaranty from experienced operator
  • Demographics: Affluent demographics (income exceeds $108,000 in a 5-mile radius)

Listing Agents

Dean Copans

Managing Director
650 465 3993
[email protected]

Bradley Sowell

Senior Vice President
936 320 9083
[email protected]

In Association with Scott Reid & ParaSell, Inc. | A Licensed Tennessee Broker #264531

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