Auto Parts
10 Year Lease - Advance Auto Jackson MI
3133 E Michigan Ave, Jackson, MI 49202
Listing Price: $1,225,000
Investment Overview
Marcus & Millichap is proud to present the opportunity to purchase a corporate Advance Auto Parts located in the city of Jackson, Michigan, with a newly extended 10 year lease. The subject is located along busy Michigan Ave., which is one of the busiest thoroughfares in the city of Jackson. Traffic counts along Michigan Ave., exceed 20,000 vehicles each day. This location was a build to suit for Advance Auto Parts in 1999 and the location has been a good one resulting in the tenant recently extending their lease to provide for a firm 10 year term with 3 options to extend.
10 Year Lease - Advance Auto Jackson MI
Investment Highlights
- Brand New Extension - 10 Year Lease Term
- 6.72% Cap Rate At List Price
- Proven Location - 24 Years At This Location
- Very Large 1.7 Acre Lot
- Corporate Guarantee by NYSE Company
- Very Low Rent
- 5-Mile Population over 70,000 residents
- Average HH income $58,984
Exclusively Listed By
Broker of Record
-
Steven Chaben
Senior Vice President / Regional Manager
Financing By
Listing Price: $1,225,000
Investment Highlights
- Brand New Extension - 10 Year Lease Term
- 6.72% Cap Rate At List Price
- Proven Location - 24 Years At This Location
- Very Large 1.7 Acre Lot
- Corporate Guarantee by NYSE Company
- Very Low Rent
- 5-Mile Population over 70,000 residents
- Average HH income $58,984
Investment Overview
Marcus & Millichap is proud to present the opportunity to purchase a corporate Advance Auto Parts located in the city of Jackson, Michigan, with a newly extended 10 year lease. The subject is located along busy Michigan Ave., which is one of the busiest thoroughfares in the city of Jackson. Traffic counts along Michigan Ave., exceed 20,000 vehicles each day. This location was a build to suit for Advance Auto Parts in 1999 and the location has been a good one resulting in the tenant recently extending their lease to provide for a firm 10 year term with 3 options to extend.
Exclusively Listed By
Broker of Record
-
Steven Chaben
Senior Vice President / Regional Manager
Financing By
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
