971 AveJackson, MI 49202

For Sale
$2,720,000

Jackson, MI: 15-Year NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
93
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.
  • Ground lease.
  • No landlord responsibilities.
  • Tenant pays all property taxes directly.

Property Details for 971 Ave

Property type
Other retail properties, Restaurants
Square Feet
5,000 SF
Class
A
Year Built
2024
Buildings
1
Lot Size (sq. ft)
91,476 SF

Location Insight

City
Jackson
County
Jackson
State
Michigan
Latitude
42.261802182891
Longitude
-84.423447708338
971 Ave, Jackson, Michigan

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971 Ave
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