loader
Join Free
Views: 187 DOM: 87 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 15.0
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...

...

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...


...

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity