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2951 Stadium Dr Kalamazoo, MI 49008

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For Sale
$1,433,000

New 20-year absolute net lease with rental increases.

Property size:
4,401 SF
Lot size:
19,689.00 Acres

Property Features for 2951 Stadium Dr

General Information

Standard status
Active
Size
4,401 SF
Lot size
19,689.00 Acres

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Listing Contact
John Andreini
John Andreini
Source: Crexi

Listing Agency: CP Partners Listing Agent: John Andreini

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

New Meineke Location For Sale

This commercial property is subject to a brand-new 20-year absolute net lease. The lease structure requires zero landlord expense or maintenance obligations. Rental increases are set at 10% every 5 years. The tenant is the 2nd largest Meineke operator in the country, currently managing 39 locations with plans to expand to over 100 units. The property size is 4,401 square feet. The property can be classified as an auto shop, automotive property, retail space, NNN property, or specialty property.
Location Intelligence

Current Use by Public Records

Monro Auto Service ... (Bike/Boat/Book/etc) Store

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

1st Guaranteed Towing & Roadside, Auto repair, Windshield Repair Today of Kalamazoo, Tow Truck Kalamazoo MI - 24HR Towing Service, Express Auto Service

Location Insight

  • Map
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City
Kalamazoo
County
Kalamazoo
State
Michigan
Longitude
-85.635756
Latitude
42.271163

FAQs

What type of property is this?
Auto shop - New 20-year absolute net lease with rental increases.
Where is this auto shop located?
The property is located at 2951 Stadium Dr Kalamazoo, MI.
What is the asking price?
The asking price for this property is $1,433,000.
What are key features of this property?
This property features: - Brand-new 20-year absolute net lease requiring zero landlord expense/maintenance.; - Enjoy 10% rental increases every 5 years.; - Tenant is the 2nd largest Meineke operator in the country, currently operating 39 locations.
More about this property
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