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Advance Auto 135 W Prospect St
7,000 SF Retail Building Jackson, MI 49203 $569,000 ($81/SF) 8% Cap Rate
Investment Highlights
- -Fortune 500 Tenant
- - Low Price Point 7,000 SF free-standing building
- - Absent a Lease Renewal, site offers great owner/user/new leasing opportunities.
- - Double Net (NN) Lease Structure with Minimal Landlord Responsibilities
- -Built in 2000 with more recent remodeling and roof sealing
Executive Summary
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$45,500
|
$6.50
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $45,500 |
| Annual Per SF | $6.50 |
Property Facts
Amenities
- Pylon Sign
- Signage
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
-
- Retailer
- 7,000 SF
- $6.50
- Double Net
- Dec 2025
Advance Auto Parts, Inc. is a leading automotive aftermarket parts provider that serves both professional installers and do-it-yourself customers. As of July 13, 2024, Advance operated many stores and Worldpac branches primarily within the United States, with additional locations in Canada, Puerto Rico and the U.S. Virgin Islands. The company also served independently owned Carquest branded stores across these locations in addition to Mexico and various Caribbean islands. Additional information about Advance, including employment opportunities, customer services, and online shopping for parts, accessories and other offerings can be found www.AdvanceAutoParts.com.
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
|
|
Retailer | 7,000 SF | $6.50 | Double Net | Dec 2025 |
PROPERTY TAXES
| Parcel Number | 4-165600000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $246,400 |
PROPERTY TAXES
Presented by
Advance Auto | 135 W Prospect St
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