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    1780 Clinton Rd Jackson, MI 49202

    For Sale
    $2,333,333

    High-Yield, Long-Term Ground Lease

    Property size:
    2,559 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents a 2,559 square foot Shell-branded convenience store located at 1780 Clinton Rd, Jackson, MI 49202. Boasting a 100% occupancy rate with a strong, long-term tenant (Walters Dimmick Petroleum) under an Absolute NNN lease with 12 years remaining, this property offers significant passive income potential. The lease, initially signed in 1991, has seen consistent renewals, most recently in 2023, extending the term to October 31, 2036. The property sits on a 0.51-acre lot and enjoys excellent visibility and accessibility from I-94 (62,747 cars per day), a major thoroughfare connecting Detroit and Chicago. Its strategic location within Jackson Crossing, a 620,000 square foot regional center, and adjacent to a 209,800 square foot power center, ensures high traffic volume. The asking price is $2,333,333, representing a price per square foot of $911.81 and a 6.00% cap rate, with a current Net Operating Income (NOI) of $140,000. This is a rare opportunity to acquire a stable, high-performing asset with a proven track record and significant long-term growth potential. The property was built in 1991. This ground lease minimizes landlord responsibilities, making it an ideal investment for passive income seekers.

    Property Features for 1780 Clinton Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    2,559 SF
    Lot Size
    22,216 SF

    Building Details

    Year Built
    1991

    HighLights

    • 2,559 SF Shell‑branded convenience store on a 0.51‑acre lot in Jackson, MI.
    • Absolute NNN lease with Walters Dimmick Petroleum (64 locations) extending to 10/31/2036.
    • Excellent visibility and accessibility from I‑94 (62,747 CPD), situated within Jackson Crossing (620,000 SF regional center) and adjacent to a 209,800 SF power center.
    • $2,333,333 asking price, $911.81 PSF, 6.00% cap rate, $140,000 NOI.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Shell Food Mart Convenience Store LibertyX Bitcoin ATM Atm ATM (Shell Food ... Atm

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Jackson
    State
    Michigan
    Longitude
    -84.4255679
    Latitude
    42.2695698

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    FAQs

    What type of property is this?
    Individual retail property - High-Yield, Long-Term Ground Lease
    Where is this individual retail property located?
    The property is located at 1780 Clinton Rd Jackson, MI.
    What is the asking price?
    The asking price for this property is $2,333,333.
    What are key features of this property?
    This property features: 2,559 SF Shell-branded convenience store on a 0.51-acre lot in Jackson, MI.; Absolute NNN lease with Walters Dimmick Petroleum (64 locations) extending to 10/31/2036.; Excellent visibility and accessibility from I-94 (62,747 CPD), situated within Jackson Crossing (620,000 SF regional center) and adjacent to a 209,800 SF power center.
    Request Owner's contact information
    1780 Clinton Rd Jackson, MI 49202
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    Jackson, MI 49202
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1780 Clinton Rd Jackson, MI 49202
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