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971 N West Ave

5,000 SF Retail Building Jackson, MI 49202 £2,128,264 (£426/SF) 4.60% Net Initial Yield

Investment Highlights

  • The property is a newly constructed 5,000 SF Chick-fil-A situated on 2.10 acres of land.
  • Conveniently located along N West Avenue, the major thoroughfare with direct access to I-94.
  • This property is located in Jackson, known for its rural/suburban environment with a balance of industrial, commercial and residential development.
  • The building is a brand-new prototype construction and is projected to be finished in 2025.
  • Located near the major retail corridor of Jackson and I-94, this site has strong visibility and signage along N West Avenue (15,593 vpd).
  • The property is situated south of Jackson Crossing featuring more than 60 stores, and directly east of Merchants Crossing Shopping Center.

Executive Summary

Chick-fil-A has signed a long-term Ground Lease where the Landlord has zero responsibilities. Tenant is responsible for all costs, expenses, and obligations related to repair, maintenance, replacement, taxes, and insurance. This is an ideal, management free, investment for a passive investor. 7.5% increases every 5 years during the initial 15-year term with twelve 5-year options provide strong lease growth throughout the term of the lease.

Data Room Click Here to Access

  • Offering Memorandum

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
5,000 SF
Building Class
B
Year Built
2025
Construction Status
Under Construction
Price
£2,128,264
Price Per SF
£426
Net Initial Yield
4.60%
NOI
£97,900
Tenancy
Single
Number of Floors
1
Building FAR
0.05
Lot Size
2.10 AC
Zoning
C-4 - General Commercial
Parking
30 Spaces (6 Spaces per 1,000 SF Leased)
Frontage
299 ft on North West Avenue

Amenities

  • Signage
  • Signalised Intersection
  • Drive Thru
1 of 1
Walk Score ®
Very Walkable (74)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Huntington National Bank
ALDI
Anytime Fitness
Biggby Coffee
Roly Poly Sandwiches
Rent-A-Center
Kroger Fuel Center
Fifth Third Bank
IHOP
Fazoli's
(248) 855-6800

Contacts

  • Listing ID: 33827232

  • Date on Market: 11/11/2024

  • Last Updated:

  • Address: 971 N West Ave, Jackson, MI 49202

The Retail Property at 971 N West Ave, Jackson, MI 49202 is currently available for sale. Contact Mid-America Real Estate - Michigan, Inc. for more information.

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© 2024 CoStar Group

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971 N West Ave

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Andrew Bell

(248) 855-6800

(248) 855-6800

Jared Gell

(248) 385-5000

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