1514 West AveJackson, MI 49202

For Sale
$1,779,140

High-Yield Storefront, Excellent Location

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional retail investment opportunity presents a fee-simple ownership of a 7,736 square-foot storefront building situated on a 0.59-acre lot in Jackson, Michigan. Currently 100% occupied by American Mattress under a NNN lease with a 5-year term expiring January 30, 2030, the property boasts a strong net operating income (NOI) of $145,000, translating to an attractive 8.15% cap rate. The asking price is $1,779,140, representing a price per square foot just under $230. The property benefits from a prime location on the pad of a Target store, enjoying exceptional visibility and accessibility from N. West Avenue (US-127), a major retail thoroughfare in Jackson. This high-traffic corridor is anchored by numerous national retailers, including Home Depot, Kroger, Lowe's, Kohl's, T.J. Maxx, Best Buy, Ross Dress for Less, Hobby Lobby, and Dunham's, among others. The area also features a diverse range of food establishments such as Panera Bread, Panda Express, Starbucks, and a Chick-fil-A (currently under construction). The lease includes a 2% annual rent increase throughout the initial term and option periods, providing consistent income growth. The building itself offers convenient access with two points of ingress and egress, and boasts up to 100 feet of frontage on N. West Avenue, a road with over 15,000 vehicles per day. This property represents a compelling investment opportunity with strong tenant occupancy, a desirable location, and significant upside potential.

Highlights

  • Offered below replacement cost at under $230 per square foot.
  • NNN lease with 2% annual rent increases.
  • Prime location on N. West Avenue (US-127), Jackson, MI's dominant retail corridor, with strong national co-tenancy including Target, Kroger, Home Depot, and more.
  • Excellent visibility and access; 100 feet of frontage on N. West Avenue (15,000+ VPD), with two points of ingress/egress.

Property Details for 1514 West Ave

Property type
Other retail properties, Individual retail properties
Square Feet
7,736 SF
Lot Size (sq. ft)
25,875 SF

Location Insight

City
Jackson
County
Jackson
State
Michigan
Latitude
42.26686131
Longitude
-84.42352215
1514 West Ave, Jackson, Michigan

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1514 West Ave
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