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Views: 202 DOM: 359 Updated: 09.05.24 Posted: 04.11.24 Status: Active

Summary

Price $2,085,000
Built/Renov 1996/2022
Tenant Classic Collision
Cap Rate 6.19%
Lease Type Double NN
Guarantor Corporate
Size/SF 9,603
Lease Start 09-09-2022
#Units 260
Price/SF $217.12
Expiration 09-30-2037
Tenant Type Automotive
NOI $129,120
R. Term 12.6
Ownership Fee Simple
Rent/SF $13.45
Increases 5.0%/3/yrs
Pop 5Mi 204,343
Lot/AC 1.02
Options 3/5yrs/5%
AHHI 5Mi $156,028

Lease Highlights

  • Classic Collision has 13+ years remaining on the current lease term with 3 (5-year) options to extend
  • The lease features 5% rental escalations throughout the initial term and option periods
  • Corporate guaranteed lease

Location Description

Classic Collision is strategically located on Abbotts Bridge Rd/Duluth Hwy, with access to 27,000 vehicles passing by daily. The property is conveniently situated approximately 1.5 miles from Peachtree Hill Shopping Center, anchored by Kroger and LA Fitness, and Duluth High School. Additionally, within a 2-mile radius of the site, there are several prominent shopping centers, including Medlock...

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Maps

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Tenant

  • Tenant: Classic Collision
  • Guarantor:Corporate
  • Company:New Mountain Capital
  • # Units:260
  • Stock:Private

About Tenant

Classic Collision is one of the largest privately held national providers of auto body repair services. The company specializes in collision repair, auto glass repair, calibrations, and...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 6,375 72,053 208,744
2023 Total Population : 6,204 70,662 204,343
2023 Employed Civilian Pop : 3,376 37,302 106,961
2023 Total Businesses : 287 2,519 7,676
2023 Average Household Income : $ 139,739 $ 147,454 $ 156,028
2023 Total Consumer Spending : $ 276 M $ 3181 M $ 9415 M
2023 Median Age : 40 39 39
2023 Total Households : 2,317 25,462 71,552
2023 Pop Age 25+: Bachelor's Degree : 1,720 17,446 53,280
2023 Average Home Value : $ 438,605 $ 482,193 $ 483,951
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Duluth Hwy Abbotts Pointe Dr 2009 26,918 0.07 mi
Duluth Hwy Abbotts Pointe Dr 2005 11,400 0.11 mi
Duluth Hwy Peachtree Industrial Blvd 2008 12,756 0.38 mi
Duluth Hwy River Mill Dr 2000 19,420 0.44 mi
Peachtree Industrial Blvd River Green Pkwy 2000 40,905 0.47 mi
Peachtree Industrial Blvd River Green Pkwy NW 2000 39,341 0.63 mi
Duluth Hwy Pine Needle Dr NW 2015 11,600 0.66 mi
Pine Needle Drive Northwest Abbotts Bridge Rd 2019 11,500 0.68 mi
Pine Needle Drive Northwest Abbotts Bridge Rd 2018 11,800 0.68 mi
Albion Farm Rd Chattahoochee Trce NW 2014 4,288 0.71 mi

Listing Broker

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Aron Cline

Berkeley Capital Advisors

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  • 177 Listings
  • 42502 Views
  • 53 Sold
Calvin Short

Berkeley Capital Advisors

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  • 187 Listings
  • 44218 Views
  • 55 Sold

Specializing in Single Tenant Net Lease and Shopping Centers, Aron Cline leads Berkeley Capital Advisors’ West Coast Office. Since 2011, Aron has been actively engaged in the commercial real estate space. Over the last decade, he and his team have been regarded as one of the most active brokerage teams in the country - having brokered over 1,300 transactions totaling $3.5 billion. His dedication and success have earned him the trust of some of the country’s top institutions, developers, high ne

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Calvin Short joined Berkeley Capital Advisors in 2021 and leads the West Coast capital markets group. Since joining Berkeley, Calvin has been a part of closing 1,400 separate transactions with $4 billion in sales volume. Prior to Berkeley, Calvin served as Senior Vice President at Matthews REIS where he was consistently ranked within Matthews’ top five producing agents. In 2012, he graduated from The University of San Diego with a B.A. in Real Estate Finance. Calvin has spent the past 10 years

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