1514 N West Ave - Freestanding FOR SALE


Jackson, MI 49202
$1,705,882 USD
248-855-6800
1514 N West Ave, Jackson, MI for Sale
$1,705,882 USD
Freestanding - FOR SALE
1/3
null | 8.5% Cap Rate

1514 N West Ave
Jackson, MI 49202


HIGHLIGHTS

  • The subject property is being offered below replacement costs at just under $230 PSF.
  • Tenant has 2% annual rent increases throughout the initial term and the option periods.
  • N. West Avenue (US-127) is the dominant retail corridor in Jackson with many national and regional tenants including Target, Kroger, and many more.
  • Site is well positioned on the pad of a Target with up to 100 ft of frontage on N. West Avenue, which features over 15,000 vpd.

OVERVIEW

Mid-America Real Estate - Michigan, Inc. has been retained on behalf of ownership to sell the 100% fee simple interest in 0.59 acres of land containing a 7,736 square-foot building that has been leased to American Mattress. The site is well situated on the pad of a Target and has excellent visibility from N. West Avenue, the main thoroughfare of the market. The trade area is home to many national retailers such as Target, Home Depot, Kroger, Lowe’s, Kohl’s, T.J. Maxx, Best Buy, Ross Dress For Less, Hobby Lobby, Dunham’s, and many more.

FOR SALE DETAILS

PRICE

$1,705,882 USD

PRICE/SF

$221 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

CROSS STREETS

Dewey Ave

LAND ACRES

0.59 AC

LAND SF

25,700 SF

ZONING

C-4

APN/PARCEL ID

2-2470.1000

ASK ABOUT THIS PROPERTY

Bradley RosenbergMid-America Real Estate - Michigan, Inc.More Info
248-855-6800

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Bradley RosenbergMid-America Real Estate - Michigan, Inc.More Info
248-855-6800

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