Absolute NNN Auto Service
For Sale
Contact for pricing
Pending
980 N 9th St, Kalamazoo, MI 49009
Absolute NNN Jiffy Lube investment with a brand new 20-year lease and franchisee guaranteed payments.
Property SizeContact for details
Days on Market147
Property Features for 980 N 9th St
General Information
Standard status
Pending
Property subtype
Retail
Site & Location
Traffic Count
39,400 vehicles/day
Highway Access
Yes
Building Details
Tenancy
Single
Listing Agency:
SRS Real Estate Partners Newport Beach
Listed By:
Patrick R. Luther, CCIM · License #01912215
(480) 221-4221
Source:
Crexi
Added: Apr 12
Changed: Aug 23
Last Checked: Sep 3 at 10:02AM
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
Property Profile
Current Use
Lease Details
39,400 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
306
Businesses Nearby
337k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 33%
Superstores 27%
Dining 14%
Shops & Services 13%
Meijer
Groceries
110,923 visits/mo
0.3 miles
Walmart
Superstores
89,352 visits/mo
0.2 miles
Menards
Home Improvements & Furnishings
44,642 visits/mo
0.2 miles
Meijer Gas Station
Shops & Services
25,635 visits/mo
0.1 miles
McDonald's
Dining
21,505 visits/mo
0.1 miles
Demographics for 49009, MI
47,188
Population
20,609
Households
2.3
Avg Household Size
38
Median Age
50%
College-Educated
96%
High-School Grad
102.2 sq mi
ZIP Area
462
Density / Sq Mi
$82,364
Median Household Income
$44,702
Median Earnings
$1,089
Median Rent
$330,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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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
Frequently Asked Questions
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)
