1275-1285 Boardman Rd - Fast Food FOR SALE


Jackson, MI 49202
$3,200,000 USD
602-206-0784
1275-1285 Boardman Rd, Jackson, MI for Sale
$3,200,000 USD
Fast Food - FOR SALE
1/5
null | 5.5% Cap Rate

1275-1285 Boardman Rd
Jackson, MI 49202


HIGHLIGHTS

  • Outparcel to Jackson Crossing ±420,238 SF Retail Center
  • Collective ±4.76% Rent to Sales Ratio
  • ±20 Year Operating History for Panera & Pizza Hut at Subject Property

OVERVIEW

- Panera Bread and Pizza Hut drive-thru investment opportunity featuring below market rent and an absolute triple-net (NNN) ground lease with ±10 years of term remaining and two (2), five (5) year option periods. - Panera Bread and Pizza Hut have operated at this site for approximately 20 years and have exercised an option early, showcasing their success at and commitment to this location. - This site has a very healthy rent to sales ratio of 4.76%. - Acquisitions LLC, the master-lessee, is owned and operated by Trigo Hospitality and Joyce Lunsford, a ±50-unit operator of brands including Pizza Hut, Moe's Southwest Grill, and CoreLife Eatery. - Bread of Life, LLC, the sub-lessee, is operated by Manna Development, a Panera Bread franchisee with ±161 units across 11 states. In Michigan, Manna Development operates ±26 Panera locations and plans to open 50 Caribou Coffee stores. - The Property is a hard corner outparcel to Jackson Crossing, a 420,238 SF regional power center with 1.8 million annual visitors - anchored by Target, Kohl's, Bed Bath & Beyond, Best Buy, TJ Maxx, and more. - The former Sears, directly south of the Property, was recently redeveloped into a Planet Fitness, Burlington, Buckle, and Hobby Lobby, proving the strong demand and performance of retailers in this corridor. - The Jackson Technology Park North, a 140-acre industrial development, is located ±6 minutes north of the property. This project is attracting manufacturing and technology companies to Jackson, expanding the current employer base led by TAC Manufacturing, Inc., an international automotive parts supplier. - The Property is located just off the intersection of I-94 (±49,632 VPD) and SR-127 (±15,084 VPD) (Source: MDOT, 24).  -A Lowe's, Home Depot, Kroger, Meijer, Sam's Club, Walmart Supercenter, Aldi, and Goodwill are nearby. *The annual NOI is based on the base rent + the three year trailing average percentage rent ownership has received. Contact Broker for additional details.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$376 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.91 AC

LAND SF

39,640 SF

ZONING

PB

APN/PARCEL ID

2-2473.0200

ASK ABOUT THIS PROPERTY

Ben FarthingCBREMore Info
602-206-0784

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Ben FarthingCBREMore Info
602-206-0784

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