3133 E Michigan Ave - Freestanding FOR SALE


Jackson, MI 49202
$1,175,000 USD
310-408-4364
3133 E Michigan Ave, Jackson, MI for Sale
$1,175,000 USD
Freestanding - FOR SALE
1/3
null | 7.15% Cap Rate

3133 E Michigan Ave
Jackson, MI 49202


HIGHLIGHTS

  • Corporate Guarantee By NYSE Company (AAP)
  • 10 Years of Firm Lease Term
  • Proven Location - 24 Years of Occupancy
  • Dense Location - 70,000 5-Mile Population
  • Huge Lot - 1.7 Acres
  • Great Michigan Ave. Location

OVERVIEW

PRICE REDUCED! Excellent Location! This property is an original build-to-suit for Advance Auto Parts (NYSE: AAP) located on busy Michigan Avenue in Jackson, Michigan. The property was built in 1999 and features a 6,754 square foot building on a large lot of just over 1.7 Acres. The location is excellent with over 20,000 vehicles per day and over 70,000 full time residents within a 5 mile radius. Advance Auto has always done well here and just recently extended the lease giving this location a full 10 year firm term with an expiration date of 12/31/2034. The lease is a modified NNN lease with landlord responsible for roof and structure and tenant responsible for all interior maintenance, property taxes, insurance, HVAC, and for half of the cost of any HVAC replacements.

FOR SALE DETAILS

PRICE

$1,175,000 USD

PRICE/SF

$174 USD /SF

CAP RATE

7.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Advance Auto Parts - 10 Year Firm Lease Term

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

33

LAND DETAILS

LAND ACRES

1.7 AC

LAND SF

74,052 SF

ZONING

C1

APN/PARCEL ID

000-09-31-152-008-01

ASK ABOUT THIS PROPERTY

Joseph LinkogleMarcus & MillichapMore Info
310-408-4364

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Joseph LinkogleMarcus & MillichapMore Info
310-408-4364

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