Shell Oil

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Shell Oil

1780 Clinton Rd Jackson MI Jackson County

Sales Price: $2,666,666

Cap Rate: 5.25%

Lease Expiration: 10/31/2031

Contact Person(s): Daniel Kukes
Maxwell Lippitt
Kevin Baker
Jason Greenspan

Description:

LONG TERM OPERATING HISTORY:

  • Walters Dimmick Petroleum (64 locations) has been operating at this location since 1991. In 2019, they demonstrated their long term commitment to this site by signing a 10-year lease renewal with rent increases. Tenant has expressed interest in renovating cstore
    building in near future.

GROUND LEASE:

  • Long term Investment comes with minimal landlord responsibilities.

GREAT VISIBILITY & ACCESS:

  • The asset is highly visible from I-94 (48,000 CPD) and benefits from multiple points of ingress/egress to Jackson Crossing, a 620,000 SF regional center and the adjacent Jackson West, a 209,800 SF power center. I-94 is the main thoroughfare between the Detroit area and Chicago.
  • Jackson Crossing anchors include Kohl’s, Target, Best Buy, T.J. Maxx, Five Below, and Bed Bath & Beyond.
  • Surrounding tenants include Home Depot, Lowe’s, Kroger, Gordon Food Service, Texas Roadhouse, Panda Express, Panera, Starbucks, etc.

Building Size: +/- 2,559 SF

Lot Size: +/- .51 AC

Demographic Info:

Radius: 1 Mile 3 Mile 5 Mile
Population Density: 4,973 55,270 76,264
Avg. HH Income: $56,754 $54,490 $62,187

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.