3133 Michigan Ave Jackson, MI 49202-3849

Property Details for 3133 Michigan Ave

Year built

1999

Lot size

1.70 lot acres

Property size

6,754 SF

Zone code

B-4 GEN

Property type

Retail space

APN

000-09-31-152-008-01

APU

93115200801

Description

This exceptional investment opportunity presents a 6,754 square foot Advance Auto Parts store in Jackson, MI, situated on a substantial 1.7-acre lot. Boasting a strong 6.86% cap rate, the property offers a secure net lease with a corporate guarantee from a NYSE-listed company. The current lease, originally commenced on December 31, 1998, has been recently extended, providing a remaining term of approximately 10.1 years with options to extend. Built in 1999 and renovated in 2007, the single-story building enjoys a prime location on a busy thoroughfare with daily traffic exceeding 20,000 vehicles. The property generates a substantial net operating income (NOI) of $84,000 annually, with a price per square foot of $181.37. The asking price is $1,225,000, representing a compelling value given the long-term lease, strong tenant, and excellent location within a market featuring a 5-mile population exceeding 70,000 residents and an average household income of $58,984. This is a rare opportunity to acquire a stable, high-yielding retail investment with significant upside potential. The property's address is 3133 E Michigan Ave, Jackson, MI 49202.