Absolute NNN Specialty Property
For Sale
$1,442,708
2351 S Sprinkle Rd, Kalamazoo, MI 49048
Absolute NNN lease runs through November 2045 with the tenant responsible for roof, parking lot, HVAC, utilities, and taxes.
Property Size4,800 SF
Price / SF$300.56
Days on Market83
Property Features for 2351 S Sprinkle Rd
General Information
Standard status
Active
Size
4,800 SF
Property subtype
Retail
Zoning
B-3
Building Details
Building Size
4,800 SF
Listing Agency:
Friedman Integrated Real Estate
(248) 848-4113
Listed By:
Marc Hildenbrand
(248) 848-4113
Source:
Cpix.resimplifi
Added: Jun 2
Changed: Aug 23
Last Checked: Aug 22 at 4:05AM
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 Friedman Integrated Real Estate
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.
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
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
313
Businesses Nearby
Explore this area
Business Placement
Demographics for 49048, MI
25,067
Population
10,440
Households
2.4
Avg Household Size
36
Median Age
25%
College-Educated
90%
High-School Grad
35.1 sq mi
ZIP Area
714
Density / Sq Mi
$62,160
Median Household Income
$36,150
Median Earnings
$1,032
Median Rent
$158,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
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 Rd 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
