Description

2351 South Sprinkle Road is a Meineke-occupied retail property for sale in Kalamazoo, MI. The 4,800 SF building is 100% occupied, positioning this offering for a buyer seeking income from an existing tenant rather than a vacant-space leasing assignment.

The property sits on 0.89 acres and was renovated in 2025. Pylon signage gives the tenant a visible presence at the site, while a traffic count of 25,942 AADT places that signage in front of passing motorists. The property has 15 parking spaces, an important part of access for an automotive-service customer. Together, the building size, site area, signage and parking define a retail asset whose physical characteristics are directly relevant to the tenant’s operation. The existing occupancy lets a buyer focus on the property and its income profile rather than an initial search for a tenant.

The asking price is $1,340,000, or $279.17 PSF, with an acreage price of $1,505,618 per acre. NOI of $93,776 supports a 7% cap rate, and in-place rents are $93,776/year. A 19 years WALT gives the buyer a defined lease-duration metric alongside the current income figures; the lease is Absolute Net. For an investor, the opportunity is a fully occupied, Meineke-occupied retail property with a long weighted average lease term and an income profile reflected in the asking price.