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Views: 21 DOM: 36 Updated: 09.12.24 Posted: 08.14.24 Status: Active

Summary

Price $1,900,000
Built/Renov 1995
Tenant Classic Collision
Cap Rate 4.64%
Lease Type Double NN
Guarantor Corporate
Size/SF 11,819
Lease Start 09-01-2017
#Units 260
Price/SF $160.76
Expiration 08-31-2027
Tenant Type Automotive
NOI $88,094
R. Term 2.11
Ownership Fee Simple
Rent/SF $7.45
Increases 2.0%/1/yrs
Pop 5Mi 178,373
Lot/AC 0.93
Options 0/0yrs
AHHI 5Mi $139,039

Lease Highlights

  • Classic Collision has 2+ years remaining on the current lease term with no options remaining
  • The lease features 2% annual rental escalations throughout the initial term and option periods
  • NN lease | Minimal landlord responsibilities 
  • Corporate guaranteed lease

Location Description

Classic Collision is strategically located on Lane Lane, with access to a substantial daily traffic count of 223,497 vehicles. The property is conveniently situated off major Highway I-45 and directly across from The Woodlands Mall. The immediate area features well-known national tenants, including Floor & Decor, Best Buy, Academy Sports, Target, Marshalls, and more. The 5-mile trade area...

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Maps

  • 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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Listing Broker

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