Caliber Collision

1220 11th Street North, Sauk Rapids, MN 56379

$2,500,000

Cap Rate 6.33%

Views: 100 DOM: 351 Updated: 09.12.24 Posted: 12.06.23 Status: Active

Summary

Price $2,500,000	Built/Renov 1979	Tenant Caliber Collision
Cap Rate 6.33%	Lease Type Double NN	Guarantor Corporate
Size/SF 24,500	Lease Start 08-24-2022	#Units 1,605
Price/SF $102.04	Expiration 08-23-2037	Tenant Type Automotive
NOI $158,256	R. Term 12.9	Ownership Fee Simple
Rent/SF $6.46	Increases 5.0%/3/yrs	Pop 5Mi 98,697
Lot/AC 1.60	Options 2/5yrs/10%	AHHI 5Mi $78,888

Lease Highlights

Caliber Collision has 13+ years remaining on the current lease term with 2 (5-year) options to extend
Lease features 5% rental increase every 5 years throughout the initial term and 10% at the start of each option
NN leased | Fee Simple | $1.5M+ in Tenant improvements | Limited landlord responsibilities
Corporate guaranteed lease

Location Description

Caliber Collision is strategically located near Highway 10, a major thoroughfare, with access to 21,000 vehicles passing by daily. The property is situated within a densely populated retail corridor, featuring nearby national/credit tenants, including Target, Walmart Supercenter, Sam’s Club, Public Storage, Walgreens, Dollar Tree, and many more. Furthermore, the site benefits from its close...

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Key Features

Build to suit
Dense retail corridor
Near major nationals
Strategically located
Freeway visibility
University college close
Top 100 MSA
Long 10+ yr lease
Corporate Guarantee
Over 1000 units backed

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Links

Caliber Collision Wikipedia Sauk Rapids, Minnesota Zip Code 56379 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Caliber Collision
Guarantor:Corporate
Company:Hellman & Friedman
# Units:1,605
Stock:Private

About Tenant

Caliber Collision Centers is the largest collision repair company in America, which provides mechanical repair, quick oil change services, and glass repair and replacement. Founded in 1997, today...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	7,252	39,409	99,392
2023 Total Population :	7,136	39,099	98,697
2023 Employed Civilian Pop :	3,654	20,518	51,557
2023 Total Businesses :	204	1,573	3,807
2023 Average Household Income :	$ 81,719	$ 75,409	$ 78,888
2023 Total Consumer Spending :	$ 197 M	$ 1098 M	$ 2705 M
2023 Median Age :	36	36	34
2023 Total Households :	2,805	16,718	39,338
2023 Pop Age 25+: Bachelor's Degree :	809	5,602	13,837
2023 Average Home Value :	$ 237,101	$ 239,255	$ 261,988

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Summit Avenue North	11th St N	2022	2,400	0.07 mi
Summit Ave N	11th St N	2019	2,400	0.10 mi
	2nd St N	2022	21,059	0.18 mi
Stearns Drive	10th St N	2022	2,300	0.28 mi
2nd Street North	Stearns Dr	2022	8,500	0.35 mi
2nd St N	Stearns Dr	2019	8,500	0.35 mi
	10th St N	2022	1,350	0.36 mi
2nd St N	Golden Spike Rd NE	2015	8,900	0.37 mi
9th Avenue North	2nd St N	2022	439	0.39 mi
Summit Avenue South	4th St S	2022	2,970	0.40 mi

Listing Broker

Patrick Luther

SRS National Net Lease Group

Contact

420 Listings
46326 Views
165 Sold

Matthew Mousavi

SRS National Net Lease Group

Contact

369 Listings
42218 Views
137 Sold

Patrick Luther

Patrick joined SRS in 2016 with more than 10 years of transactional brokerage experience in the commercial real estate industry and over $1 billion in closed transactions, representing over 300 individual properties. Along with Matthew Mousavi, Patrick co-founded and leads the National Net Lease Group at SRS, the exclusive net lease capital markets platform within SRS, comprised of more than 75 professionals handling all net lease transactions for the firm nationally. He focuses on all types of

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Matthew Mousavi

Matthew is the managing principal and co-founder of the SRS National Net Lease Group, based in Newport Beach, California. SRS’ is the exclusive net lease investment advisory platform across more than 25 offices nationally. SRS is the largest retail estate firm in North America exclusively focused on retail services, of which Matthew is a member of the board. The firm has a track record spanning over 30 years and billions in transaction volume, and represents over 400 retailers throughout the co

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