135 W Prospect St - Freestanding FOR SALE


Jackson, MI 49203
$569,000 USD
616-566-5790
135 W Prospect St, Jackson, MI for Sale
$569,000 USD
Freestanding - FOR SALE
1/5
null | 8% Cap Rate

135 W Prospect St
Jackson, MI 49203


HIGHLIGHTS

  • -Fortune 500 Tenant
  • - Double Net (NN) Lease Structure with Minimal Landlord Responsibilities
  • - Low Price Point 7,000 SF free-standing building
  • -Built in 2000 with more recent remodeling and roof sealing
  • - Absent a Lease Renewal, site offers great owner/user/new leasing opportunities.

OVERVIEW

SVN/Investment Property Advisors is pleased to offer this longstanding Advance Auto Parts with ~1 Year of Term at an 8.0% Cap Rate. Lease is NN with minimal Landlord responsibilities. This 7,000 SF free-standing building, constructed in 2000, is in Jackson (South-Central Michigan), has been well-maintained and has a low price point. Nearby retail traffic drivers include CSL Plasma, Family Dollar, Dollar General, Hammond Hardware and Regal Tire Sales. Absent a Lease Renewal, site offers great owner/user/new leasing opportunities.

FOR SALE DETAILS

PRICE

$569,000 USD

PRICE/SF

$81 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Advance Auto

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.76 AC

LAND SF

33,106 SF

ZONING

Commercial

APN/PARCEL ID

4-165600000

ASK ABOUT THIS PROPERTY

David De MaagdSVN | Investment Property AdvisorsMore Info
616-566-5790

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David De MaagdSVN | Investment Property AdvisorsMore Info
616-566-5790

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.