- For Sale $1,340,000
- Property Type Retail
- Property Size 4,800 SF
- Lot Size 0.89 Acre
- Property Tenancy Single Tenant
- Year Renovated 2025
- Date Updated Sep 29, 2026
Description
This Meineke, located in Kalamazoo, MI, has over 19 years remaining in the base term and 10% rental increases every 5 years and an absolute net structure requiring zero landlord expense or maintenance obligations. The tenant is the largest Meineke operator in the country with 58 locations currently in their system and plans in place to expand to 100+ units.
Highlights
- 10% rental increases every 5 years providing a hedge against inflation
- Dense residential trade area 107,000 residents within a 5-mile radius of the subject property
- Internet & recession resistant industry consumers defer new vehicle purchases during economic downturns and instead spend on maintenance/repairs to keep existing cars on the road longer
- Largest Meineke operator in the country 58 units currently with plans in place to expand to 100+
- Other national retailers situated along Sprinkle Road include McDonald’s, Taco Bell, Speedway, Sherwin Williams, and Arby’s
- Steady population growth projected over the next 5 years in a 3, 5, and 10-mile radius
- Subject property features standalone frontage on S Sprinkle Road a major retail thoroughfare in the trade area with direct access to I-94 (60,000+ VPD)
- Surrounding residents own an average of 2 cars per household, with the 5-mile population spending roughly $35.8M on auto repair annually (per CoStar)
- This Meineke has over 19 years remaining on an absolute net lease featuring a personal guaranty from the operator
False
Contacts
John Andreini
CP Partners
Location
Located at 2351 South Sprinkle Road, Kalamazoo, MI 49048, this property is part of the Comstock neighborhood and Grand Rapids market.
Contact Listing Broker
John Andreini
CP Partners
