Caliber Collision

3245 Boulevard, Colonial Heights, VA 23834

$3,999,000

Cap Rate 5.92%

Views: 211 DOM: 172 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 9.10	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

Andrew Fallon

SRS National Net Lease Group

Contact

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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Key Features

Recent building upgrades
Build to suit
Dense retail corridor
Near major nationals
Freeway close
Top 100 MSA
Long 10+ yr lease
Limited competition
Corporate Guarantee
Over 1000 units backed

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Links

Caliber Collision Wikipedia Colonial Heights, Virginia Zip Code 23834 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
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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