Domino’s Pizza Anchored Retail
For Sale
Contact for pricing
1230 Francis St, Jackson, MI
100% occupied retail center with strong cash flow.
Property Size4,032 SF
Lot Size0.41 Acres
Price / SF$105.41
Days on Market505
Property Features for 1230 Francis St
General Information
Standard status
Active
Size
4,032 SF
Lot size
0.41 Acres
Property subtype
RETAIL
Listing Agency:
NAI Farbman - Corporate
(248) 353-0500
Listed By:
Brad Margolis · License #6501371948
(248) 351-4367
Source:
Moodyscre
Added: Apr 25, 2025
Changed: Aug 16
Last Checked: Sep 10 at 11:46AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Farbman - Corporate
Investment Insights
Based on property information with market context.
This 4,032 square foot retail property is anchored by Domino’s Pizza. The property is 100% occupied and generates strong cash flow. Recently executed 5-year leases are in place. The property benefits from a hard corner location, situated just minutes from downtown Jackson. The retail and office space offers great visibility. Ample parking is available, with smooth ingress and egress.
Key Highlights
- 100% Occupied with Strong Cash Flow
- Domino’s Pizza Anchored Center
- Recently Executed 5‑year Leases
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,806
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.54%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$556,120
$556.1K
Cap Rate 7%
$397,229
$397.2K
Cap Rate 9%
$308,956
$309.0K
Market Conditions
NOI Build-Up for 4,032 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$48.4K $12.00/SF
− Vacancy
−$8.7K −$2.15/SF
EGI
$39.7K $9.85/SF
− OpEx
−$11.9K −$2.96/SF
NOI
$27.8K $6.90/SF
Area
Jackson County, MI
Vacancy
17.90%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$556,120
Cap Rate 7%
$397,229
Cap Rate 9%
$308,956
Alternative Uses
Best Use
Retail
$397.2K
$347.6K – $463.4K
NOI $27,806 @ 7.0% cap · market cap 6.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$643.6K
$563.2K – $750.9K
NOI $45,055 @ 7.0% cap · market cap 10.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
257
Businesses Nearby
12k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 88%
Dining 12%
Dollar General
Shops & Services
5,377 visits/mo
0.4 miles
Advance Auto Parts
Shops & Services
3,082 visits/mo
0.4 miles
AutoZone
Shops & Services
1,883 visits/mo
0.0 miles
Domino's Pizza
Dining
1,452 visits/mo
0.1 miles
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - 100% occupied retail center with strong cash flow.
Where is this shopping center located?
The property is located at 1230 Francis St Jackson, MI.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 100% Occupied with Strong Cash Flow; Domino’s Pizza Anchored Center; Recently Executed 5‑year Leases
