3021-3039 E Michigan Ave - Freestanding FOR SALE


Jackson, MI 49202
$5,890,000 USD
619-888-5343
3021-3039 E Michigan Ave, Jackson, MI for Sale
$5,890,000 USD
Freestanding - FOR SALE
1/10
null | 4.74% Cap Rate

3021-3039 E Michigan Ave
Jackson, MI 49202


OVERVIEW

This offering presents a rare opportunity to acquire a long-term, net-leased Aldi property in Jackson, Michigan. The asset is backed by a 15-year initial lease term commencing June 2022, with six five-year renewal options and scheduled rent escalations beginning in year 11 and continuing every five years thereafter. The lease is structured as NNN, limiting landlord responsibilities to roof and structural components, ensuring a stable and predictable income stream. The property underwent a full renovation to align with Aldi’s latest prototype, featuring a new roof, upgraded HVAC and mechanical systems, and enhanced parking and storefront design. Positioned on the south side of Michigan Avenue, just west of US-127, the site benefits from excellent visibility with over 18,000 vehicles passing daily and convenient access via multiple curb cuts. The surrounding trade area includes major retailers such as Meijer, Walgreens, Rite Aid, and Harbor Freight Tools, reinforcing the location’s retail strength. Jackson’s strategic location near I-94 and US-127 provides connectivity to Ann Arbor and Lansing, supporting a diverse economy anchored by manufacturing, retail, and service industries. With a five-mile population exceeding 80,000 and strong household income levels, this property offers investors a secure, long-term income opportunity with a nationally recognized tenant.

FOR SALE DETAILS

PRICE

$5,890,000 USD

PRICE/SF

$183 USD /SF

CAP RATE

4.74%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

309

LAND DETAILS

CROSS STREETS

E. Michigan Ave. and S. Dettman Rd.

LAND ACRES

5.67 AC

LAND SF

246,985 SF

ZONING

BI

APN/PARCEL ID

000-08-36-280-006-01

ASK ABOUT THIS PROPERTY

Lev MizanInfinity Investment PropertiesMore Info
619-888-5343

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Lev MizanInfinity Investment PropertiesMore Info
619-888-5343

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