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32392812
32392813

2351 S Sprinkle Rd, Kalamazoo, MI 49048

EH
MI 6501461017
Friedman Real Estate
Friedman Real Estate
Listed by Friedman Real Estate
$1,442,708
111 days on market
Updated 28 days ago

Meineke- Kalamazoo

Details
Property Type Retail
Sub Type Commercial
Square Footage 4,800
Units 39
Cap Rate 6.50%
NOI $93,776
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Expiration 11/29/2045
Remaining Term 20
Year Built 1986
Year Renovated 2026
Acreage 0.890
Lease Commencement 11/09/2025
Ground Lease No

20 Year Absolute NNN Single Tenant Meineke Investment Property

Marketing description

Friedman Real Estate this free-standing Meineke in Kalamazoo, MI. The tenant has signed a 20-year Absolute NNN lease that runs through November 2045, demonstrating a long-term commitment to the site. The lease features 10% rental increases every five years. The Absolute NNN structure results in zero landlord responsibilities. The subject property benefits from traffic counts exceeding 40,000 vehicles per day. The five-mile population exceeds 108.000, and the average household income within one mile is $62,630. This Meineke property is well-positioned for long-term success due to extremely high traffic counts and strong in-line retail. This offering presents an ideal opportunity for a real estate investor to acquire a free-standing Meineke with absolutely no management responsibilities.

Founded in 1972, Meineke is a nationally recognized automotive repair and maintenance brand with a well-established presence across the United States. The company provides a comprehensive range of essential vehicle services, including preventative maintenance, brakes, exhaust, oil changes, tires, and general automotive repair, supporting consistent customer demand. Meineke's extensive franchise network benefits from centralized marketing, operational support, and brand standards, allowing individual locations to operate within a proven and scalable framework. The brand's emphasis on routine and necessity-based automotive services positions it to remain relevant across varying economic conditions and evolving vehicle ownership trends.

Investment highlights

  • New 20 year Absolute NNN lease executed in 2025
  • Guaranteed by award winning 52 Unit Operator (Largest Meineke Operator) with plans to expand to 100+ units
  • Property is strategically positioned on the corner of S Sprinkle Rd and E ML Ave boasting a combined count of 40,000 vehicles per day
  • Strong population demographics of 38,000 in the 3-mile and 106,000 in the 5-mile
  • Lease is guaranteed through November 2045, offering almost 20 years of secure income and long-term stability
  • 10% rental increases every five years, driving strong long-term income growth
  • Zero landlord responsibilities. Tenant is responsible for roof, parking lot, HVAC, utilities, taxes, insurance, structure, etc.
  • Short driving distance to Western Michigan University and less than a mile away from major highway I-94

Listing Contacts

EH
MI 6501461017
Friedman Real Estate
Friedman Real Estate
Listed by Friedman Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$93,776.00
$7,814.67/mo

Valuation Metrics

0
DSCR
6.5%
Cap Rate
6.5%
ROI

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Additional Information

Name
Eric Hart
License
6501461017
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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