3040 E Michigan Ave | Jackson, MI 49202
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- LoopNet Team
3040 E Michigan Ave
Jackson, MI 49202
Walgreens · Retail Property For Sale
Investment Highlights
- Original 20 year lease was recently extended for an additional 10 years. Tenant is a staple in the community having been at this location for 22 years
- Strategically located in between US-127 (0.4 miles) and the area’s largest medical center, Henry Ford Allegiance Hospital (1 mile)
- Location possesses a beer and wine license which contributes to additional patronage
- Limited competition in immediate area with nearest Walgreens located 3.0 miles to the west of the site
- Investment Grade Credit Tenant (BBB by S&P)
- Essential retailer, providing crucial necessities to the community with a convenient drive-thru
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
15,120 SF
Building Class
B
Year Built
2000
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
2.50 AC
Parking
30 Spaces (1.87 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
- Drive Thru
PROPERTY TAXES
| Parcel Number | 000-08-36-279-014-03 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,266,433 |
PROPERTY TAXES
Parcel Number
000-08-36-279-014-03
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,266,433
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