1514 West Ave Jackson, MI 49202
- Retail properties
- 7,736 SF
- 0.59 lot acres
Current Use by Public Records
- Retail properties
Property Details for 1514 West Ave
- Lot size
- 0.59 lot acres
- Property size
- 7,736 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional retail investment opportunity presents a fee-simple ownership of a 7,736 square-foot storefront building situated on a 0.59-acre lot in Jackson, Michigan. Currently 100% occupied by American Mattress under a NNN lease with a 5-year term expiring January 30, 2030, the property boasts a strong net operating income (NOI) of $145,000, translating to an attractive 8.15% cap rate. The asking price is $1,779,140, representing a price per square foot just under $230. The property benefits from a prime location on the pad of a Target store, enjoying exceptional visibility and accessibility from N. West Avenue (US-127), a major retail thoroughfare in Jackson. This high-traffic corridor is anchored by numerous national retailers, including Home Depot, Kroger, Lowe's, Kohl's, T.J. Maxx, Best Buy, Ross Dress for Less, Hobby Lobby, and Dunham's, among others. The area also features a diverse range of food establishments such as Panera Bread, Panda Express, Starbucks, and a Chick-fil-A (currently under construction). The lease includes a 2% annual rent increase throughout the initial term and option periods, providing consistent income growth. The building itself offers convenient access with two points of ingress and egress, and boasts up to 100 feet of frontage on N. West Avenue, a road with over 15,000 vehicles per day. This property represents a compelling investment opportunity with strong tenant occupancy, a desirable location, and significant upside potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Jackson
- County
- Jackson
- State
- Michigan
- Longitude
- -84.4235
- Latitude
- 42.2669
