For Sale
$830,000

539 Blackstone St Jackson, MI 49201

High-yield NNN medical office investment

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
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.

Highlights

  • 2.5 years remaining on initial 5-year lease term with VCA Animal Hospital, plus two 5-year renewal options.
  • Lease includes 2% annual rent increases.
  • Excellent visibility with monument signage on North Blackstone Street.
  • High traffic count location on W Ganson Street (12,818 VPD).
  • Strong demographics: 83,219 residents and 40,707 employees within a 5-mile radius, with an average household income of $68,479.
  • NNN lease with limited landlord responsibilities; tenant responsible for most repairs after year one.

Property Details for 539 Blackstone St

Property type
Retail properties, Office properties
Square Feet
3,704 SF
Year Built
1985
Lot Size (sq. ft)
27,443 SF

Location Insight

City
Jackson
County
Jackson
State
Michigan
Latitude
42.254126002492
Longitude
-84.411853664488

FAQs

What type of property is this?
Retail property - High-yield NNN medical office investment
Where is the retail property located?
The property is located at 539 Blackstone St Jackson, MI.
What is the asking price?
The asking price for this property is $830,000.
What are key features of this property?
This property features: 2.5 years remaining on initial 5-year lease term with VCA Animal Hospital, plus two 5-year renewal options.; Lease includes 2% annual rent increases.; Excellent visibility with monument signage on North Blackstone Street.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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539 Blackstone St
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