Jackson Retail for Sale - Jackson County
- Panera Bread and Pizza Hut drive-thru investment opportunity featuring below market rent and an absolute triple-net (NNN) ground lease with ±10 years of term remaining and two (2), five (5) year option periods.
- Panera Bread and Pizza Hut have operated at this site for approximately 20 years and have exercised an option early, showcasing their success at and commitment to this location.
- This site has a very healthy rent to sales ratio of 4.76%.
- Acquisitions LLC, the master-lessee, is owned and operated by Trigo Hospitality and Joyce Lunsford, a ±50-unit operator of brands including Pizza Hut, Moe's Southwest Grill, and CoreLife Eatery.
- Bread of Life, LLC, the sub-lessee, is operated by Manna Development, a Panera Bread franchisee with ±161 units across 11 states. In Michigan, Manna Development operates ±26 Panera locations and plans to open 50 Caribou Coffee stores.
- The Property is a hard corner outparcel to Jackson Crossing, a 420,238 SF regional power center with 1.8 million annual visitors - anchored by Target, Kohl's, Bed Bath & Beyond, Best Buy, TJ Maxx, and more.
- The former Sears, directly south of the Property, was recently redeveloped into a Planet Fitness, Burlington, Buckle, and Hobby Lobby, proving the strong demand and performance of retailers in this corridor.
- The Jackson Technology Park North, a 140-acre industrial development, is located ±6 minutes north of the property. This project is attracting manufacturing and technology companies to Jackson, expanding the current employer base led by TAC Manufacturing, Inc., an international automotive parts supplier.
- The Property is located just off the intersection of I-94 (±49,632 VPD) and SR-127 (±15,084 VPD) (Source: MDOT, 24).
-A Lowe's, Home Depot, Kroger, Meijer, Sam's Club, Walmart Supercenter, Aldi, and Goodwill are nearby.
*The annual NOI is based on the base rent + the three year trailing average percentage rent ownership has received. Contact Broker for additional details.