2351 S Sprinkle Road Kalamazoo, MI 49001

Building Details

Year Built

1986

Listing agency Friedman Real Estate m***@freg.com Show Phone

Listed by Marc Hildenbrand

Source Friedmanrealestate

Added: Jun 2 Updated: Jul 21 at 8:09AM Checked: Jul 21 at 8:09AM

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Investment Insights

Based on property information with market context.

This sale features an Absolute NNN specialty property with a newly executed 20-year lease dated in 2025. The lease is guaranteed by an operator currently operating 39 units, with plans to expand to 100+ units. Lease obligations extend through November 2045, supported by 10% rental increases every five years.

The property is positioned on a corner at S Sprinkle Rd and E ML Ave. The remarks cite a combined traffic count of 40,000 vehicles per day and population demographics of 38,000 within 3 miles and 106,000 within 5 miles.

As structured, the buyer has limited landlord responsibilities. The tenant is responsible for roof, parking lot, HVAC, utilities, taxes, insurance, and the structure, among other items referenced in the lease summary provided.

Key Highlights

• Absolute NNN lease runs through November 2045 for almost 20 years of guaranteed income
• Tenant responsible for roof, parking lot, HVAC, utilities, taxes, insurance, and structure
• New 20‑year Absolute NNN lease executed in 2025 with 10% rental increases every five years

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FAQs

What type of property is this?

NNN property - Absolute NNN lease runs through November 2045 with the tenant responsible for roof, parking lot, HVAC, utilities, and taxes.

Where is this nnn property located?

The property is located at 2351 S Sprinkle Road Kalamazoo, MI.

What is the asking price?

The asking price for this property is $1,442,708.

What are key features of this property?

This property features: Absolute NNN lease runs through November 2045 for almost 20 years of guaranteed income; Tenant responsible for roof, parking lot, HVAC, utilities, taxes, insurance, and structure; New 20‑year Absolute NNN lease executed in 2025 with 10% rental increases every five years