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Views: 141 DOM: 131 Updated: 10.30.24 Posted: 07.25.24 Status: Active

Summary

Price $5,300,000
Built/Renov 2007/2018
Tenant Caliber Collision
Cap Rate 5.10%
Lease Type Modified Gross
Guarantor Corporate
Size/SF 20,015
Lease Start 03-01-2023
#Units 1,700
Price/SF $264.80
Expiration 03-01-2028
Tenant Type Automotive
NOI $270,279
R. Term 3.2
Ownership Fee Simple
Rent/SF $13.50
Increases 2.0%/1/yrs
Pop 5Mi 170,900
Lot/AC 2.35
Options 1/5yrs/2%
AHHI 5Mi $80,533

Lease Highlights

  • Caliber Collision has 3+ years remaining on the current lease term with 1 (5-year) option to extend
  • The lease features 2% annual rental increases throughout the initial term and option periods
  • This location is in the 93rd percentile of all Calibers (Placer.ai)
  • Corporate guaranteed lease

Location Description

Caliber Collision is strategically located at the signalized, hard corner intersection of La Quinta Lane and W Ave O, with access to a combined daily traffic count of 3,113 vehicles. The property is within close proximity to well-known national tenants including Goodwill, Kohl's, Hobby Lobby, AutoZone, Sephora, and more. The 5-mile trade area supports a population of 170,900 residents with an...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Caliber Collision
  • Guarantor:Corporate
  • Company:Hellman & Friedman
  • # Units:1,700
  • 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 : 2,842 43,383 156,868
2024 Total Population : 2,826 43,347 159,852
2024 Employed Civilian Pop : 1,186 18,375 66,305
2024 Total Businesses : 239 2,614 5,700
2024 Average Household Income : $ 111,955 $ 108,301 $ 101,205
2024 Total Consumer Spending : $ 101 M $ 1299 M $ 4590 M
2024 Median Age : 43 36 35
2024 Total Households : 1,055 13,778 51,690
2024 Pop Age 25+: Bachelor's Degree : 430 4,747 14,232
2024 Average Home Value : $ 589,814 $ 624,759 $ 552,571
*ESRI data is presented for informational purposes only

Listing Broker

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