4.75% Cap Rate Chick-Fil-A Ground Lease 971 N West Ave
5,000 SF 4-Star Retail Building Jackson, MI 49202 $2,631,579 ($526.32/SF) 4.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Newly constructed 5,000 SF Chick-fil-A situated on 2.10 acres of land.
- Conveniently located along N West Avenue, the major thoroughfare with direct access to I-94.
- Located in Jackson, known for its rural/suburban environment with a balance of industrial, commercial and residential development.
- Brand-new prototype construction building completed in 2025.
- Located near the major retail corridor of Jackson and I-94, this site has strong visibility and signage along N West Avenue (15,593 vpd).
- Situated south of Jackson Crossing featuring more than 60 stores, and directly east of Merchants Crossing Shopping Center.
EXECUTIVE SUMMARY
Chick-fil-A has signed a long-term Ground Lease where the Landlord has zero responsibilities. Tenant is responsible for all costs, expenses, and obligations related to repair, maintenance, replacement, taxes, and insurance. This is an ideal, management free, investment for a passive investor. 7.5% increases every 5 years during the initial 15-year term with twelve 5-year options provide strong rent growth throughout the term of the lease.
The new Chick Fil A is located at the I-94 & N West Ave interchange in Jackson, MI. Jackson’s in-between Chicago and Detroit and the closest Chick Fil A is 35 miles away in Ann Arbor. The restaurant is under construction and should open in the next 45 days.
Fast food restaurants perform strong in Jackson. The Burger King is #23/234 in Michigan locations for annual visits and the Taco Bell is #46/292 in Michigan locations for annual visits, according to Placer.ai.
Please let us know any questions.
The new Chick Fil A is located at the I-94 & N West Ave interchange in Jackson, MI. Jackson’s in-between Chicago and Detroit and the closest Chick Fil A is 35 miles away in Ann Arbor. The restaurant is under construction and should open in the next 45 days.
Fast food restaurants perform strong in Jackson. The Burger King is #23/234 in Michigan locations for annual visits and the Taco Bell is #46/292 in Michigan locations for annual visits, according to Placer.ai.
Please let us know any questions.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
5,000 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2025
Price
$2,631,579
Price Per SF
$526.32
Cap Rate
4.75%
NOI
$125,120
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
2.10 AC
Zoning
C-4 - General Commercial
Parking
30 Spaces (6 Spaces per 1,000 SF Leased)
Frontage
299’ on North West Avenue
AMENITIES
- Signage
- Signalized Intersection
- Drive Thru
- Air Conditioning
Walk Score®
Very Walkable (74)
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
15 min drive
2024 Population
8,769
53,863
73,745
99,550
2029 Population
8,809
53,715
73,346
98,812
2024-2029 Projected Population Growth
0.5%
-0.3%
-0.5%
-0.7%
Median Age
37.9
37.3
38.6
39.3
College Degree + Higher
13%
17%
20%
15%
Daytime Employees
9,640
45,554
53,799
58,952
Total Businesses
1,024
4,459
5,285
6,030
Average Household Income
$48,762
$58,083
$65,429
$71,219
Median Household Income
$38,198
$44,243
$49,371
$53,285
Total Consumer Spending
$84.1M
$539.8M
$790.4M
$1.1B
2024 Households
3,770
23,098
31,028
40,691
Average Home Value
$123,925
$149,678
$171,131
$188,082
NEARBY MAJOR RETAILERS
CONTACTS
-
Andrew Bell -
Jared Gell -
Bradley Rosenberg -
Mid-America Real Estate - Michigan, Inc.
