Single-Tenant JCPenney
For Sale
Contact for pricing
Pending
1860 W Michigan Ave, Jackson, MI 49202
Corporate-guaranteed department store with freeway visibility, ample parking, and a double-net lease structure.
Property Size96,937 SF
Days on Market141
Property Features for 1860 W Michigan Ave
General Information
Standard status
Pending
Size
96,937 SF
Property subtype
Retail
Site & Location
Traffic Count
66,000 vehicles/day
Highway Access
Yes
Building Details
Year Built
1973
Buildings
1
Tenancy
Single
Listing Agency:
Marcus & Millichap - Detroit
Listed By:
Darin Gross · License #MI 6501384871
Source:
Crexi
Added: Apr 12
Changed: Aug 29
Last Checked: Aug 29 at 1:52PM
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 Marcus & Millichap - Detroit
Investment Insights
Based on property information with market context.
This single-tenant storefront property at 1860 W Michigan Ave in Jackson, Michigan, contains 96,937 square feet of rentable space on a nine-acre parcel. Built in 1973, the building is occupied by JCPenney under a double-net lease backed by JCPenney Corporation. Six years remain on the current term, followed by two five-year options, each including a rent increase. The lease also provides for a 31.8% increase in 2025. The parcel is being divided to create an outparcel that will be offered separately.
The property sits near the Interstate-94 and US-127 interchange, providing freeway visibility and exposure to a combined traffic count exceeding 66,000 vehicles per day. It is connected to Westwood Mall and Walmart Supercenter and is nine minutes from Downtown Jackson. Jackson Crossing, a 656,000-square-foot regional shopping mall, is two miles away. The surrounding five-mile area includes 6.8 million square feet of retail and more than 75,500 full-time residents, with average household income above $59,500. Ample parking serves the existing department store use.
The property sits near the Interstate-94 and US-127 interchange, providing freeway visibility and exposure to a combined traffic count exceeding 66,000 vehicles per day. It is connected to Westwood Mall and Walmart Supercenter and is nine minutes from Downtown Jackson. Jackson Crossing, a 656,000-square-foot regional shopping mall, is two miles away. The surrounding five-mile area includes 6.8 million square feet of retail and more than 75,500 full-time residents, with average household income above $59,500. Ample parking serves the existing department store use.
Key Highlights
- 96,937 SF storefront building on a nine‑acre parcel
- JCPenney occupancy with corporate guarantee from JCPenney Corporation
- Six years remaining on a double‑net lease, plus two five‑year options
Property Analytics
Property Profile
Current Use
Lease Details
66,000 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
578
Businesses Nearby
181k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 61%
Dining 22%
Apparel 10%
Shops & Services 6%
Walmart
Superstores
111,015 visits/mo
0.3 miles
McDonald's
Dining
24,327 visits/mo
0.1 miles
JCPenney
Apparel
17,879 visits/mo
0.2 miles
Jimmy John's
Dining
7,590 visits/mo
0.1 miles
Los Tres Amigos
Dining
5,203 visits/mo
0.0 miles
Demographics for 49202, MI
19,359
Population
9,598
Households
2
Avg Household Size
37
Median Age
15%
College-Educated
91%
High-School Grad
12.7 sq mi
ZIP Area
1,524
Density / Sq Mi
$41,916
Median Household Income
$30,638
Median Earnings
$915
Median Rent
$104,100
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Storefront property - Corporate-guaranteed department store with freeway visibility, ample parking, and a double-net lease structure.
Where is this storefront property located?
The property is located at 1860 W Michigan Ave Jackson, MI.
What are key features of this property?
This property features: 96,937 SF storefront building on a nine‑acre parcel; JCPenney occupancy with corporate guarantee from JCPenney Corporation; Six years remaining on a double‑net lease, plus two five‑year options
