1780 Clinton Rd Jackson, MI 49202
- Grocery and convenience stores
- 2,768 SF
- 0.49 lot acres
Current Use by Public Records
- Shell Food Mart / Convenience Store / Gas Station
- LibertyX Bitcoin ATM / Atm
- ATM (Shell Food Mart) / Atm / Convenience Store
Property Details for 1780 Clinton Rd
- Lot size
- 0.49 lot acres
- Property size
- 2,768 SF
- Zone code
- C-2
- Property type
- Grocery and convenience stores
- APN
- 000-08-28-276-001-00
- APU
- 82827600100
Description
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.
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
- -84.4257
- Latitude
- 42.2695
- CBSA code
- 27100
- CBSA name
- JACKSON, MI METROPOLITAN STATISTICAL AREA
