Classic Collision

4468 Abbotts Bridge Road, Duluth, GA 30097

$2,085,000

Cap Rate 6.19%

Views: 115 DOM: 255 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 12.9	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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Key Features

Recent renovation
Build to suit
Near major nationals
Strategically located
Highway location
Top 100 MSA
Strong demographics
Long 10+ yr lease
Corporate Guarantee
Over 100 Units backed

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Links

Classic Collision Wikipedia Duluth, Georgia Zip Code 30097 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

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

Aron Cline

Berkeley Capital Advisors

Contact

177 Listings
30180 Views
21 Sold

Calvin Short

Berkeley Capital Advisors

Contact

187 Listings
31318 Views
23 Sold

Aron Cline

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

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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