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2351 S Sprinkle Rd
Kalamazoo, MI 49001

$1,389,000 USD

Auto Repair For Sale  •  4,800 SF

Property Details

  • Property Type Auto Repair
  • Total Building Size 4,800 SF
  • Lot Size 0.89 AC
  • Building Class C
  • Year Built 1986
  • Cap Rate 6.75 %
  • Tenancy Single
30 Transit Score
30 Walk Score

Highlights

Over 19 years remaining on an absolute net lease featuring a personal guaranty from the operator
10% rental increases every 5 years providing a hedge against inflation
Internet & recession resistant industry – consumers defer new vehicle purchases during economic downturns and instead spend on maintenance/repairs
Award-winning franchisee with significant 8-figure net worth
Largest Meineke operator in the country – 58 units currently with plans in place to expand to 100+
Dense residential trade area – 107,000 residents within a 5-mile radius of the subject property

Property Flyers

Cap Rate: 6.75 %

Major Tenants

Tenant SF Occupied Lease End Date
Meineke

Public Transportation

Commuter RailDriveWalkDistance
Kalamazoo (Blue Water - Amtrak, Wolverine - Amtrak) 7 min - 4.0 mi
AirportDriveWalkDistance
Kalamazoo/Battle Creek International 10 min - 3.3 mi
John Andreini 650-678-7200 CP Partners CRE
John Andreini 650-678-7200 CP Partners CRE