3133 Michigan AveJackson, MI 49202

For Sale
$1,225,000

High-Yield Auto Parts Property

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a 6,754 square foot Advance Auto Parts store in Jackson, MI, situated on a substantial 1.7-acre lot. Boasting a strong 6.86% cap rate, the property offers a secure net lease with a corporate guarantee from a NYSE-listed company. The current lease, originally commenced on December 31, 1998, has been recently extended, providing a remaining term of approximately 10.1 years with options to extend. Built in 1999 and renovated in 2007, the single-story building enjoys a prime location on a busy thoroughfare with daily traffic exceeding 20,000 vehicles. The property generates a substantial net operating income (NOI) of $84,000 annually, with a price per square foot of $181.37. The asking price is $1,225,000, representing a compelling value given the long-term lease, strong tenant, and excellent location within a market featuring a 5-mile population exceeding 70,000 residents and an average household income of $58,984. This is a rare opportunity to acquire a stable, high-yielding retail investment with significant upside potential. The property's address is 3133 E Michigan Ave, Jackson, MI 49202.

Highlights

  • 10-Year Lease Extension with Advance Auto Parts.
  • 6.86% Cap Rate.
  • Established Location: 24 Years at Current Address.
  • Large 1.7-Acre Lot.
  • Corporate Guarantee from NYSE-Listed Company.
  • Strong Demographics: 70,000+ Population within 5 Miles, $58,984 Average Household Income.

Property Details for 3133 Michigan Ave

Property type
Other retail properties, Retail properties
Square Feet
6,754 SF
Year Built/Renovated
1999/2007
Buildings
1
Stories
1
Lot Size (sq. ft)
74,052 SF
Units
1

Location Insight

City
Jackson
County
Jackson
State
Michigan
Latitude
42.25625347
Longitude
-84.36286026
3133 Michigan Ave, Jackson, Michigan

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
3133 Michigan Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message