Single-Tenant Retail Asset For
3133 E Michigan Ave, Jackson, MI 49202
For Sale
Contact for pricing
Net-leased retail asset with a nationally recognized tenant.
Property Size6,745 SF
Lot Size1.70 Acres
Price / SF$170.50
Days on Market263
Property Features for 3133 E Michigan Ave
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Lease Type
Investment Type
Building Details
Buildings
Stories
Units
Tenancy
Listing Agency:
Gary
Listed By:
GARY FULTHEIM
Source:
Crexi
Added: Feb 24
Changed: Nov 8
Last Checked: Nov 12 at 6:28AM
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 Gary
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property is a single-tenant, net-leased retail asset occupied by Advance Auto Parts, situated at 3133 E. Michigan Avenue in Jackson, Michigan. The freestanding building has approximately 6,754 square feet of space on a 1.7-acre parcel. It is located along the high-traffic E. Michigan Avenue corridor, offering visibility and ease of access. The property is leased under a net lease (NN) structure with an annual rent of $84,000. The lease extends through December 31, 2034, and includes multiple option periods that could extend potential income through 2049. The tenant reimburses real estate taxes and insurance and is responsible for interior maintenance and repairs. The property is located adjacent to Eastgate Shopping Center and is surrounded by established retail, schools, churches, and regional malls. The property benefits from traffic and long-term retail fundamentals. It presents an opportunity for investors seeking stable cash flow from a nationally recognized tenant in a durable retail location.
Key Highlights
- Long‑term lease with Advance Auto Parts in place through December 31, 2034, with option periods extending to 2049, providing stable, long‑term income.
- Desirable net lease (NN) structure with tenant responsible for real estate taxes, insurance, and interior maintenance/repairs, resulting in a favorable expense profile.
- High‑traffic location on E. Michigan Avenue with excellent visibility and accessibility.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,861
Cap Rate
4.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$937,220
$937.2K
Cap Rate 7%
$669,443
$669.4K
Cap Rate 9%
$520,678
$520.7K
Market Conditions
NOI Build-Up for 6,745 SF
Gross rent
$74.5K $11.04/SF
− Vacancy
−$7.5K −$1.12/SF
EGI
$66.9K $9.92/SF
− OpEx
−$20.1K −$2.98/SF
NOI
$46.9K $6.95/SF
Area
Jackson County, MI
Vacancy
10.10%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$937,220
Cap Rate 7%
$669,443
Cap Rate 9%
$520,678
Alternative Uses
Best Use
Industrial
$669.4K
$585.8K – $781.0K
NOI $46,861 @ 7.0% cap · market cap 4.07%
Second Best
Retail
$664.5K
$581.5K – $775.3K
NOI $46,516 @ 7.0% cap · market cap 4.04%
Theoretical Best
Office A
$1.08M
$942.1K – $1.26M
NOI $75,371 @ 7.0% cap · market cap 6.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
274
Businesses Nearby
311k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 35%
Dining 31%
Shops & Services 24%
Home Improvements & Furnishings 8%
Meijer
Groceries
89,249 visits/mo
0.2 miles
Speedway
Shops & Services
21,531 visits/mo
0.3 miles
McDonald's
Dining
20,714 visits/mo
0.3 miles
Meijer Gas Station
Shops & Services
20,038 visits/mo
0.2 miles
Aldi
Groceries
18,155 visits/mo
0.1 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
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
Similar Off Market Nearby
- Carshine Restorations, LLC — 375 Watts Rd, Jackson, MI 49203
- Mechanix Automotive Service Center Inc. — 3101 E Michigan Ave, Jackson, MI 49202
- Valvoline Instant Oil Change — 3231 E Michigan Ave, Jackson, MI 49202
- Mr. Quicks Oilube — 3436 e michigan ave, jackson, mi 49202
- Valvoline Instant Oil Change — 3436 E Michigan Ave, Jackson, MI 49202
Frequently Asked Questions
What type of property is this?
Auto shop - Net-leased retail asset with a nationally recognized tenant.
Where is this auto shop located?
The property is located at 3133 E Michigan Ave Jackson, MI.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Long‑term lease with Advance Auto Parts in place through December 31, 2034, with option periods extending to 2049, providing stable, long‑term income.; Desirable net lease (NN) structure with tenant responsible for real estate taxes, insurance, and interior maintenance/repairs, resulting in a favorable expense profile.; High‑traffic location on E. Michigan Avenue with excellent visibility and accessibility.
