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1275-1285 Boardman Rd
Jackson, MI 49202
Panera Bread & Pizza Hut · Retail Property For Sale
Investment Highlights
- $5,000,000+ REPORTED SALES
- HIGHLY SUCCESSFUL OPERATORS
- RECENT 10-YEAR EARLY RENEWAL
- SIGNIFICANTLY BELOW MARKET RENT
- LONG STANDING TENANT HISTORY
- ACTIVE SUBMARKET WITH NEW GROWTH
Executive Summary
Landmark Investment Sales is pleased to present a dual-tenant net lease investment (structured as a single lease) anchored by Panera Bread and Pizza Hut, providing proven multi-brand diversity with a passive lease structure. The two operators report $5M+ in annual sales with 20+ years of continuous occupancy and a recently executed 10-year early renewal. At just $18.50 PSF all-in against a market leasing well above $40.00 PSF, the rent basis is significantly below market. The property is an outparcel to a newly redeveloped center anchored by Burlington, Hobby Lobby, Planet Fitness, and Buckle, and adjacent to Jackson Crossings, a 420,238 square foot regional power center drawing 2M+ annual visitors, with direct visibility from I-94 (50,000 VPD).
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
8,739 SF
Building Class
B
Year Built
2006
Price
$2,779,065
Price Per SF
$318.01
Cap Rate
5.82%
NOI
$161,763
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
0.91 AC
Zoning
PB
Parking
30 Spaces (3.43 Spaces per 1,000 SF Leased)
Frontage
398’ on Boardman Rd
Amenities
- Signage
- Drive Thru
Property Taxes
| Parcel Number | 2-2473.0200 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $742,000 |
Property Taxes
Parcel Number
2-2473.0200
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$742,000
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