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Views: 207 DOM: 120 Updated: 09.15.24 Posted: 08.28.24 Status: Active

Summary

Price $3,895,500
Built/Renov 2024
Tenant Caliber Collision
Cap Rate 6.70%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 20,000
Lease Start 12-01-2024
#Units 1,700
Price/SF $194.78
Expiration 11-30-2039
Tenant Type Automotive
NOI $261,000
R. Term 14.11
Ownership Fee Simple
Rent/SF $13.05
Increases 10.0%/5/yrs
Pop 5Mi 67,046
Lot/AC 0.00
Options 2/5yrs/10%
AHHI 5Mi $77,181

Lease Highlights

  • Brand new 2024 construction
  • New 15-year lease with 2 (5-year) options to extend
  • The lease features 10% rental escalations throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Caliber Collision is strategically located on Truax Boulevard, with access to 697 vehicles passing by daily. The property benefits from its prime location adjacent to Menard's Retail & Distribution Centers. The immediate area features well-known national tenants, including Taco Bell, Arby's, Dollar Tree, Dunkin', Sports Clips, and more. The 5-mile trade area supports a population of 67,046...

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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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Listing Broker

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