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

SVN/Investment Property Advisors is pleased to offer this longstanding Advance Auto Parts with ~1 Year of Term at an 8.0% Cap Rate. Lease is NN with minimal Landlord responsibilities. This 7,000 SF free-standing building, constructed in 2000, is in Jackson (South-Central Michigan), has been well-maintained and has a low price point. Nearby retail traffic drivers include CSL Plasma, Family Dollar, Dollar General, Hammond Hardware and Regal Tire Sales. Absent a Lease Renewal, site offers great owner/user/new leasing opportunities.

Financial Summary (Actual - 2025)

Annual Annual Per SF
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $45,500 $6.50

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,000 SF
Building Class
C
Year Built
2000
Price
$569,000
Price Per SF
$81
Cap Rate
8%
NOI
$45,520
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
0.76 AC
Zoning
Commercial
Parking
24 Spaces (3.42 Spaces per 1,000 SF Leased)
Frontage
169 FT on W Prospect

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. Advance operatesmany 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.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Retailer 7,000 SF $6.50 Double Net Dec 2025

PROPERTY TAXES

  • Listing ID: 31741252

  • Date on Market: 5/8/2024

  • Last Updated:

  • Address: 135 W Prospect St, Jackson, MI 49203