April 5, 2022 – Steven Schiavello and Patrick Gray of Horvath & Tremblay have successfully completed the sale of Maaco in Jackson, Michigan. Horvath & Tremblay represented the buyer to complete the transaction at a sale price of $1,920,139.
Maaco is located at 2330 E High Street in Jackson, Michigan. Maaco has 19 years remaining on a 20-year Absolute NNN Lease with one (1), 5-year renewal options. The Property consists of a 9,970 square foot building on a large 2.35-acre parcel of land. The lease features attractive 2% annual rent increases beginning in the 7th year of the lease and continuing throughout the base term and renewal option. Maaco is situated in a qualified opportunity zone along East High Street in a dense industrial corridor that is home to a number of globally recognized industrial manufacturers, including Consumers Energy, a major utility provider, and Eaton Corporation. The Property is close to US Route 127 which has traffic counts in excess of 29,000 vehicles per day, and is also within 2-miles of Henry Ford Allegiance Health, a 475-bed medical facility.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.