971 Ave, Jackson, MI 49202
This exceptional investment opportunity presents a brand-new, 5,000-square-foot Chick-fil-A restaurant situated on a 2.1-acre parcel in Jackson, Michigan. The property boasts a highly desirable absolute NNN lease structure with a remaining term of 15 years, commencing January 19, 2025, and expiring January 30, 2040. The lease includes twelve five-year renewal options with a 7.5% rent increase per option, providing long-term stability and predictable cash flow. The tenant is responsible for all taxes, insurance, and common area maintenance (CAM) expenses, as well as utilities, minimizing landlord responsibilities. The property enjoys a 100% occupancy rate, generating a strong net operating income (NOI) of $125,000 and a compelling 4.60% capitalization rate. Strategically located on N West Avenue, a major retail corridor in Jackson, the site benefits from high visibility and proximity to I-94 (over 60,000 vehicles per day), as well as numerous national retailers including Kroger, Target, Home Depot, Lowe's, and more. Built in 2024, this Class A property represents a secure and lucrative investment opportunity with significant long-term potential. The asking price is $2,720,000. This ground lease investment offers exceptional returns with minimal management requirements.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.