Jackson West

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Jackson West

1507 Boardman Rd Jackson MI Jackson County

Sales Price: UNPRICED

Contact Person(s): Daniel Kukes
Max Lippitt
Jason Greenspan
Louis Ciotti

Description:

RECENT LEASE RENEWALS / STAGGERED LEASE ROLLOVER

  • Michael’s recently signed an early renewal and extended their term through 2/28/2025.
  • Gordon Food Service (“GFS”) renewed for two additional terms through 3/19/2027. It is also important to note that GFS is a long term ground lease. They are currently paying only $4.58/SF which significantly below comparable market rents.
  • Comcast has renewed their lease through 5/31/2026

REGIONAL MALL LOCATION / BARRIERS TO ENTRY

  • Jackson West is located adjacent to Jackson Crossing Mall (635K SF) and shadow anchored by Lowe’s Home Improvement Center.
  • The I-94 / US-127 interchange is a highly desirable location for retailers due to its bi-directional traffic east-to-west and north-to-south. This regional location has major barriers to entry and historically low vacancy rates for junior box tenants.
  • There is significant retailer interest in the former Sears box located directly east of Jackson West. Major retailers such as Hobby Lobby, Burlington, TJ Maxx, Old Navy and Five Below have all expressed interest. The
  • Sears box is currently under contract with a developer who plans to redevelop and subdivide the box for prospective tenants.

ATTRACTIVE LEVERAGE OPTIONS AVAILABLE

  • Investors can capitalize on low interest rates which will enhance yields and improve cash flows and IRR’s. Inquire with Broker for recent debt quotes.

Building Size: 79,303 SF

Lot Size: 8.17 AC

Available Space: 0 SF

Demographic Info:

Radius: 1 Mile 3 Mile 5 Mile
Population Density: 6,403 52,922 76,080
Avg. HH Income: $57,825 $58,162 $64,826

LANDMARK INVESTMENT SALES – Licensed Real Estate Brokers. The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates are used for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction, the suitability of the property for your needs.