1780 Clinton RdJackson, MI 49202

For Sale
$2,333,333

High-Yield, Long-Term Ground Lease

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a 2,559 square foot Shell-branded convenience store located at 1780 Clinton Rd, Jackson, MI 49202. Boasting a 100% occupancy rate with a strong, long-term tenant (Walters Dimmick Petroleum) under an Absolute NNN lease with 12 years remaining, this property offers significant passive income potential. The lease, initially signed in 1991, has seen consistent renewals, most recently in 2023, extending the term to October 31, 2036. The property sits on a 0.51-acre lot and enjoys excellent visibility and accessibility from I-94 (62,747 cars per day), a major thoroughfare connecting Detroit and Chicago. Its strategic location within Jackson Crossing, a 620,000 square foot regional center, and adjacent to a 209,800 square foot power center, ensures high traffic volume. The asking price is $2,333,333, representing a price per square foot of $911.81 and a 6.00% cap rate, with a current Net Operating Income (NOI) of $140,000. This is a rare opportunity to acquire a stable, high-performing asset with a proven track record and significant long-term growth potential. The property was built in 1991. This ground lease minimizes landlord responsibilities, making it an ideal investment for passive income seekers.

Highlights

  • 2,559 SF Shell-branded convenience store on a 0.51-acre lot in Jackson, MI.
  • Absolute NNN lease with Walters Dimmick Petroleum (64 locations) extending to 10/31/2036.
  • Excellent visibility and accessibility from I-94 (62,747 CPD), situated within Jackson Crossing (620,000 SF regional center) and adjacent to a 209,800 SF power center.
  • $2,333,333 asking price, $911.81 PSF, 6.00% cap rate, $140,000 NOI.

Property Details for 1780 Clinton Rd

Property type
Other retail properties, Individual retail properties
Square Feet
2,559 SF
Year Built
1991
Lot Size (sq. ft)
22,216 SF

Location Insight

City
Jackson
County
Jackson
State
Michigan
Latitude
42.2695698
Longitude
-84.4255679
1780 Clinton Rd, Jackson, Michigan

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1780 Clinton Rd
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