539 Blackstone St Jackson, MI 49201-1212

Property Details for 539 Blackstone St

Year built

1985

Lot size

0.63 lot acres

Property size

3,704 SF

Zone code

C-4

Property type

Specialty properties

APN

1-0247.1000

APU

102471000

Description

This exceptional investment opportunity presents the fee simple interest in a 3,704 square foot, free-standing VCA Jackson Animal Hospital in Jackson, MI. The property, built in 1985 and situated on a 0.63-acre lot, boasts 41 parking spaces and enjoys excellent visibility with a monument sign on North Blackstone Street. The current NNN lease with VCA, a well-established veterinary care provider, has approximately 2.2 years remaining on the initial 5-year term, followed by two 5-year renewal options with 2% annual rent increases. The property generates a strong NOI of $68,921, resulting in an attractive 8.30% cap rate at an asking price of $830,000 ($224.08/sq ft). The limited landlord responsibilities inherent in the NNN lease structure make this an ideal low-management investment. The property benefits from its location in a busy commercial area alongside established businesses like Aldi, CVS Pharmacy, and Family Dollar, and enjoys high traffic counts on nearby W Ganson Street (12,818 vehicles daily). The 5-mile trade area encompasses a population of 83,219 residents and over 40,707 daytime employees, with an average household income of $68,479. The property's APN is 1-0247.1000. This is a turnkey investment with significant upside potential.

Location Insight

City

Jackson

County

Jackson

State

Michigan

Longitude

-84.4115

Latitude

42.2542

CBSA code

27100

CBSA name

JACKSON, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments