539 Blackstone StJackson, MI 49201

For Sale
$830,000

High-yield NNN medical office investment

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents the fee simple interest in a 3,704 square foot, free-standing VCA Jackson Animal Hospital in Jackson, MI. The property, built in 1985 and situated on a 0.63-acre lot, boasts 41 parking spaces and enjoys excellent visibility with a monument sign on North Blackstone Street. The current NNN lease with VCA, a well-established veterinary care provider, has approximately 2.2 years remaining on the initial 5-year term, followed by two 5-year renewal options with 2% annual rent increases. The property generates a strong NOI of $68,921, resulting in an attractive 8.30% cap rate at an asking price of $830,000 ($224.08/sq ft). The limited landlord responsibilities inherent in the NNN lease structure make this an ideal low-management investment. The property benefits from its location in a busy commercial area alongside established businesses like Aldi, CVS Pharmacy, and Family Dollar, and enjoys high traffic counts on nearby W Ganson Street (12,818 vehicles daily). The 5-mile trade area encompasses a population of 83,219 residents and over 40,707 daytime employees, with an average household income of $68,479. The property's APN is 1-0247.1000. This is a turnkey investment with significant upside potential.

Highlights

  • 2.5 years remaining on initial 5-year lease term with VCA Animal Hospital, plus two 5-year renewal options.
  • Lease includes 2% annual rent increases.
  • Excellent visibility with monument signage on North Blackstone Street.
  • High traffic count location on W Ganson Street (12,818 VPD).
  • Strong demographics: 83,219 residents and 40,707 employees within a 5-mile radius, with an average household income of $68,479.
  • NNN lease with limited landlord responsibilities; tenant responsible for most repairs after year one.

Property Details for 539 Blackstone St

Property type
Other retail properties, Other office properties
Square Feet
3,704 SF
Year Built
1985
Lot Size (sq. ft)
27,443 SF

Location Insight

City
Jackson
County
Jackson
State
Michigan
Latitude
42.254126002492
Longitude
-84.411853664488
539 Blackstone St, Jackson, Michigan

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539 Blackstone St
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