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Views: 130 DOM: 352 Updated: 11.08.24 Posted: 12.07.23 Status: Active

Summary

Price $3,459,000
Built/Renov 1990/2023
Tenant Caliber Collision
Cap Rate 6.65%
Lease Type NN+
Guarantor Corporate
Size/SF 16,700
Lease Start 01-01-2024
#Units 1,605
Price/SF $207.13
Expiration 12-31-2038
Tenant Type Automotive
NOI $230,000
R. Term 14.1
Ownership Fee Simple
Rent/SF $13.77
Increases 10.0%/5/yrs
Pop 5Mi 68,845
Lot/AC 2.20
Options 2/5yrs/10%
AHHI 5Mi $75,985

Lease Highlights

  • Brand-new 15-year lease with 2 (5-year) options
  • 10% rental increases every 5 year throughout the primary term and at the start of each option
  • Favorable NN+ lease with landlord responsible for parking lot and HVAC replacement

  • Brand new roof with 20-year warranty
  • Corporate guaranteed lease

Location Description

Caliber Collision will sit as an outparcel to The Centre at Salisbury, an 862,000 square foot super regional mall that sits just off the intersection of two major thoroughfares in the area, U.S. Route 50 (Salisbury Bypass) and U.S. Route 13 (N Salisbury Blvd), with a combined daily traffic count of 70,000 vehicles. In addition to the surrounding retailers at The Centre at Salisbury, the...

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Maps

  • 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
2028 Total Population : 2,985 32,933 70,873
2023 Total Population : 2,635 31,146 68,845
2023 Employed Civilian Pop : 1,343 15,340 33,809
2023 Total Businesses : 296 1,552 3,432
2023 Average Household Income : $ 88,111 $ 78,547 $ 75,985
2023 Total Consumer Spending : $ 78 M $ 837 M $ 1751 M
2023 Median Age : 38 38 35
2023 Total Households : 1,035 12,288 26,511
2023 Pop Age 25+: Bachelor's Degree : 240 2,842 6,995
2023 Average Home Value : $ 401,815 $ 323,380 $ 326,351
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
East Naylor Mill Road 2017 8,823 0.04 mi
E Naylor Mill Rd 2020 7,305 0.20 mi
US 13 2020 9,264 0.39 mi
US 13 2020 10,374 0.39 mi
2018 9,962 0.43 mi
US 13 2020 8,324 0.43 mi
Ramp 7 Fr Ramp 2 (fr Us13 Wb) To Us 13bu 2020 934 0.44 mi
US 13 2020 9,614 0.44 mi
Salisbury Bypass 2017 38,162 0.47 mi
2017 10,261 0.47 mi

Listing Broker

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