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Views: 227 DOM: 205 Updated: 11.15.24 Posted: 06.04.24 Status: Active

Summary

Price $3,999,000
Built/Renov 1977/2019
Tenant Caliber Collision
Cap Rate 5.92%
Lease Type Double NN
Guarantor Corporate
Size/SF 20,307
Lease Start 09-09-2019
#Units 1,605
Price/SF $196.93
Expiration 09-30-2034
Tenant Type Automotive
NOI $236,583
R. Term 9.9
Ownership Fee Simple
Rent/SF $11.65
Increases 10.0%/5/yrs
Pop 5Mi 93,925
Lot/AC 1.43
Options 2/5yrs/10%
AHHI 5Mi $82,319

Lease Highlights

  • Caliber Collision has 9+ years remaining on the current lease term with 2 (5-year) options to extend
  • The lease features 10% rental increases throughout the initial term and option periods
  • Limited landlord responsibilities 
  • Corporate guaranteed lease

Location Description

Caliber Collision is strategically located on Boulevard, with access to 28,000 vehicles. The property is conveniently situated north of Colonial Square Shopping Center, a Publix-anchored shopping center, and directly off Interstate 95 (111,000 VPD). The property has direct on/off ramp access, offering excellent visibility and multiple points of ingress/egress. The 5-mile trade area is...

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Maps

  • 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
2029 Total Population : 6,921 35,659 93,548
2024 Total Population : 6,956 35,436 92,827
2024 Employed Civilian Pop : 3,143 17,816 40,639
2024 Total Businesses : 270 1,414 2,623
2024 Average Household Income : $ 86,332 $ 93,749 $ 88,915
2024 Total Consumer Spending : $ 236 M $ 1092 M $ 2552 M
2024 Median Age : 42 36 36
2024 Total Households : 3,091 13,226 32,545
2024 Pop Age 25+: Bachelor's Degree : 857 3,797 9,789
2024 Average Home Value : $ 296,193 $ 353,009 $ 335,245
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Boulevard Yew Ave 2021 27,000 0.11 mi
Boulevard Beechwood Ave 2016 25,000 0.11 mi
Boulevard Maple Grove Ave 2018 28,000 0.11 mi
Boulevard Maple Grove Ave 2015 26,000 0.13 mi
Sherwood Drive Glenview Ave 2018 3,200 0.14 mi
Boulevard Pickett Ave 2011 21,000 0.26 mi
Boulevard Pickett Ave 2018 24,000 0.26 mi
Boulevard Cedar Ln 2021 22,000 0.28 mi
Pickett Ave Blvd 2016 21,000 0.28 mi
Pickett Avenue Blvd 2018 24,000 0.28 mi

Listing Broker

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