2951 Stadium Dr Kalamazoo, MI 49008

This property features a brand-new 20-year absolute net lease with 10% rental increases every 5 years. The lease structure is absolute net, requiring zero landlord expense or maintenance obligations. The tenant is the 2nd largest Meineke operator in the country, currently managing 39 locations with plans to expand to over 100 units. The operator provides a personal guaranty. The location benefits from a dense residential trade area with 148,000 residents within a 5-mile radius and steady population growth projected over the next 5 years in a 1, 3, and 5-mile radius. Residents in the surrounding area own an average of 2 cars per household, spending approximately $8.7 million annually on auto repair within a 5-mile radius. The property has standalone frontage on Stadium Drive, the main retail thoroughfare in the trade area. Other national retailers along Stadium Drive include Costco, Sportsman’s Warehouse, Trader Joe’s, At Home, Harbor Freight Tools, McDonald’s, and Starbucks. This industry is considered internet and recession-resistant, as consumers often defer new vehicle purchases during economic downturns, opting instead for maintenance and repairs.