644 E Michigan Ave

Overview

Nestled at 644 E Michigan Ave in Jackson, MI, this single-tenant leased investment property presents a compelling opportunity for savvy investors seeking passive income at an attractive 10.67% Cap rate. The building has been meticulously renovated to meet the needs of its esteemed tenant, featuring a new roof, siding, windows, upgraded electric service, and state-of-the-art HVAC systems, ensuring long-term durability and minimal maintenance requirements. With no parking facilities to oversee, the property is designed for effortless ownership, allowing investors to enjoy steady returns without operational hassles. The tenant, Pirtek, is a globally recognized franchise leader in on-site hydraulic and industrial hose replacement services, boasting over 45 years of experience in serving essential industries and minimizing costly downtime for customers through 24/7/365 availability. Locally operated by a prominent regional franchisee, this Pirtek location is strategically positioned for robust growth and market expansion, backed by the company's strong reputation for reliability, superior product variety, and consistent franchise expansion.