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Views: 37 Updated: 09.12.24 Posted: 08.14.24 Status: Inactive 10.08.24

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 2.8
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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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 6,646 62,829 174,433
2024 Total Population : 6,878 63,588 173,073
2024 Employed Civilian Pop : 3,468 32,265 86,883
2024 Total Businesses : 1,215 6,445 9,100
2024 Average Household Income : $ 149,166 $ 137,650 $ 147,407
2024 Total Consumer Spending : $ 385 M $ 3110 M $ 8287 M
2024 Median Age : 46 38 38
2024 Total Households : 2,998 26,040 64,892
2024 Pop Age 25+: Bachelor's Degree : 1,864 15,142 40,590
2024 Average Home Value : $ 441,671 $ 469,416 $ 433,449
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Lane Ln I- 45 2011 1,520 0.03 mi
Westwood Dr Wickwood Dr 2011 2,140 0.18 mi
Robinson Road Patsy Ln 2022 20,537 0.22 mi
Robinson Rd Patsy Ln 2010 16,011 0.22 mi
Robinson Rd I- 45 2010 21,472 0.23 mi
Woodlands Pkwy I- 45 N 2013 21,211 0.31 mi
Brookflower Rd River Birch Ln 2011 130 0.33 mi
Woodlands Pkwy I- 45 N 2006 59,477 0.33 mi
Spring Pines Dr I- 45 2001 230 0.34 mi
Oakridge Dr I- 45 2011 930 0.35 mi

Listing Broker

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