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Views: 68 DOM: 75 Updated: 11.02.24 Posted: 09.19.24 Status: Active

Summary

Price $4,992,000
Built/Renov 1995
Tenant Caliber Collision
Cap Rate 6.25%
Lease Type Double NN
Guarantor Corporate
Size/SF 14,860
Lease Start 07-01-2024
#Units 1,700
Price/SF $335.94
Expiration 03-31-2040
Tenant Type Automotive
NOI $312,000
R. Term 15.4
Ownership Fee Simple
Rent/SF $21.00
Increases 2.5%/1/yrs
Pop 5Mi 158,666
Lot/AC 2.72
Options 2/5yrs/2.5%
AHHI 5Mi $106,079

Lease Highlights

  • New 15-year lease with 2 (5-year) options to extend
  • The lease features 2.5% annual rental increases throughout the initial term and option periods
  • Caliber Collision and the current landlord have invested over $1.3 million into the space
  • Corporate guaranteed lease

Location Description

Caliber Collision is strategically located on Easton Avenue, with access to 13,900 vehicles passing by daily. The property is surrounded by well-known national retailers, including GIANT, Petco, CVS, Arby’s, Monro, Dairy Queen, Advance Auto Parts, and more. Additionally, it is conveniently situated less than two miles from Freedom High School and Northampton Community College. The 5-mile trade...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

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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Listing Broker

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