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This exceptional investment opportunity presents a brand-new, 5,000-square-foot Chick-fil-A restaurant situated on a 2.1-acre parcel in Jackson, Michigan. The property boasts a highly desirable absolute NNN lease structure with a remaining term of 15 years, commencing January 19, 2025, and expiring January 30, 2040. The lease includes twelve five-year renewal options with a 7.5% rent increase per option, providing long-term stability and predictable cash flow. The tenant is responsible for all taxes, insurance, and common area maintenance (CAM) expenses, as well as utilities, minimizing landlord responsibilities. The property enjoys a 100% occupancy rate, generating a strong net operating income (NOI) of $125,000 and a compelling 4.60% capitalization rate. Strategically located on N West Avenue, a major retail corridor in Jackson, the site benefits from high visibility and proximity to I-94 (over 60,000 vehicles per day), as well as numerous national retailers including Kroger, Target, Home Depot, Lowe's, and more. Built in 2024, this Class A property represents a secure and lucrative investment opportunity with significant long-term potential. The asking price is $2,720,000. This ground lease investment offers exceptional returns with minimal management requirements.
Highlights
Twelve (12) five-year renewal options with 7.5% rent increases.
Rent increases of 7.5% per option period.
Nine-month written notice required for option exercise.
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The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
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