3021-3039 E Michigan Ave 32,233 SF 63% Leased Retail Building Jackson, MI 49202 $5,890,000 ($182.73/SF) 4.74% Cap Rate

This offering presents a rare opportunity to acquire a long-term, net-leased Aldi property in Jackson, Michigan. The asset is backed by a 15-year initial lease term commencing June 2022, with six five-year renewal options and scheduled rent escalations beginning in year 11 and continuing every five years thereafter. The lease is structured as NNN, limiting landlord responsibilities to roof and structural components, ensuring a stable and predictable income stream.
The property underwent a full renovation to align with Aldi’s latest prototype, featuring a new roof, upgraded HVAC and mechanical systems, and enhanced parking and storefront design. Positioned on the south side of Michigan Avenue, just west of US-127, the site benefits from excellent visibility with over 18,000 vehicles passing daily and convenient access via multiple curb cuts. The surrounding trade area includes major retailers such as Meijer, Walgreens, Rite Aid, and Harbor Freight Tools, reinforcing the location’s retail strength.
Jackson’s strategic location near I-94 and US-127 provides connectivity to Ann Arbor and Lansing, supporting a diverse economy anchored by manufacturing, retail, and service industries. With a five-mile population exceeding 80,000 and strong household income levels, this property offers investors a secure, long-term income opportunity with a nationally recognized tenant.