971 Ave Jackson, MI 49202
- Retail properties
- 5,000 SF
- 2.10 lot acres
Current Use by Public Records
- Retail properties
Property Details for 971 Ave
- Year built
- 2024
- Lot size
- 2.10 lot acres
- Property size
- 5,000 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Jackson
- County
- Jackson
- State
- Michigan
- Longitude
- -84.4234
- Latitude
- 42.2618
