Absolute NNN Auto Service
980 N 9th St Kalamazoo, MI 49009
980 N 9th St, Kalamazoo, MI, 49009
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For Sale
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Pending
Absolute NNN Jiffy Lube investment with a brand new 20-year lease and franchisee guaranteed payments.
Days on Market102
Property Features for 980 N 9th St
General Information
- Standard status
- Pending
- Property subtype
- Retail
Listing agency
SRS Real Estate Partners Newport Beach
(480) 221-4221
Listed by
Patrick R. Luther, CCIM · License #CA License No. 01912215
Source
Crexi
Added: Apr 12 Updated: Jul 21 at 8:13PM Checked: Jul 21 at 8:13PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners Newport Beach
Investment Insights
Based on property information with market context.
Fee simple ownership is available for an absolute NNN Jiffy Lube automotive preventive maintenance property in Kalamazoo, Michigan. The tenant, Jackson Teton Automotive Group, LLC (d.b.a Jiffy Lube), recently signed a brand new 20-year lease with eight (5-year) option periods. The lease includes 10% rental increases every five years from the initial base rent (see rent roll) and is described as franchisee guaranteed.
The site is positioned near a signalized, hard corner intersection of W. Main Street and N. 9th Street, averaging a combined 39,400 vehicles passing by daily. Direct on/off ramp access to U.S. Highway 131 is noted at 47,900 VPD, a major north-south commuter route spanning over 260 miles through central Michigan. The property is also identified as about 5 miles west of Downtown Kalamazoo.
The Jiffy Lube location is described as an outparcel to a 217,000 SF Meijer-anchored center, with other nearby national/credit tenants including Menards, Walmart Supercenter, Target, Kohl’s, Marshalls, Aldi, and PetSmart. The surrounding trade area is supported by nearby single-family and multi-family communities, including Canterbury House Apartments (192 units), Summer Ridge (248 units), and Nottingham Place (283 units), with a 5-mile trade area population and employment figures and average household income provided in the remarks.
The site is positioned near a signalized, hard corner intersection of W. Main Street and N. 9th Street, averaging a combined 39,400 vehicles passing by daily. Direct on/off ramp access to U.S. Highway 131 is noted at 47,900 VPD, a major north-south commuter route spanning over 260 miles through central Michigan. The property is also identified as about 5 miles west of Downtown Kalamazoo.
The Jiffy Lube location is described as an outparcel to a 217,000 SF Meijer-anchored center, with other nearby national/credit tenants including Menards, Walmart Supercenter, Target, Kohl’s, Marshalls, Aldi, and PetSmart. The surrounding trade area is supported by nearby single-family and multi-family communities, including Canterbury House Apartments (192 units), Summer Ridge (248 units), and Nottingham Place (283 units), with a 5-mile trade area population and employment figures and average household income provided in the remarks.
Key Highlights
- Fee simple (land & building) Jiffy Lube absolute NNN investment property in Kalamazoo, MI
- Tenant Jackson Teton Automotive Group, LLC (d.b.a Jiffy Lube) recently signed a brand new 20‑year lease with 8 (5‑year) options
- Absolute NNN lease structure with zero landlord responsibilities (tenant payments are franchisee guaranteed)
Property Analytics
Location Intelligence
Current Use by Public Records
Jiffy Lube
Auto Repair Shop
Similar For Sale Nearby
Similar Off Market Nearby
- Walmart Auto Care Centers — 501 N 9th St, Kalamazoo, MI 49009
- Belle Tire — 6780 W Main St, Kalamazoo, MI 49009
- Jiffy Lube — 980 N 9th St, Kalamazoo, MI 49009
FAQs
What type of property is this?
Auto shop - Absolute NNN Jiffy Lube investment with a brand new 20-year lease and franchisee guaranteed payments.
Where is this auto shop located?
The property is located at 980 N 9th St Kalamazoo, MI.
What are key features of this property?
This property features: Fee simple (land & building) Jiffy Lube absolute NNN investment property in Kalamazoo, MI; Tenant Jackson Teton Automotive Group, LLC (d.b.a Jiffy Lube) recently signed a brand new 20‑year lease with 8 (5‑year) options; Absolute NNN lease structure with zero landlord responsibilities (tenant payments are franchisee guaranteed)
