971 AveJackson, MI 49202

Property Details for 971 Ave

Year built

2024

Lot size

2.10 AC

Property size (Sq ft)

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.

Location Insight

City

Jackson

County

Jackson

State

Michigan

Latitude

42.2618

Longitude

-84.4234

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