Caliber Collision

3912 17th Street, East Moline, IL 61244

$2,675,000

Cap Rate 7.32%

$2,858,978

Cap Rate 6.85%

DOM: 73 Updated: 07.11.24 Posted: 11.04.23 Status: Sold 01.16.24

Summary

Price $2,675,000 $2,858,978	Built/Renov 1969/2022	Tenant Caliber Collision
Cap Rate 7.32% 6.85%	Lease Type Double NN	Guarantor Corporate
Size/SF 18,000	Lease Start 07-31-2022	#Units 1,605
Price/SF $148.61 $158.83	Expiration 07-31-2032	Tenant Type Automotive
NOI $195,840	R. Term 7.3	Ownership Fee Simple
Rent/SF $10.88	Increases 2.0%/1/yrs	Pop 5Mi 88,445
Lot/AC 1.43	Options 2/5yrs/2%	AHHI 5Mi $79,737

Lease Highlights

Caliber Collision currently has 8+ years remaining on the current lease term with 2 (5-year) options to extend
Lease features rental increases of 2% annually in the primary term and in each option
Over $400,000 in recent renovations include parking lot resurfacing, new HVAC and new LED lighting in 2022 | The roof was also inspected and re-coated in 2022
Corporate guaranteed lease

Location Description

Caliber Collision is located on East Moline's main retail corridor along Avenue of the Cities, with access to 14,500 vehicles passing by daily. It is conveniently located adjacent to a large car dealership and in close proximity to numerous national tenants such as Walgreens, AutoZone, Walmart Supercenter, Burger King, KFC, O’Reilly Auto Parts, and more. The 5-mile trade area is supported by a...

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Key Features

Recent renovation
Dense retail corridor
Near major nationals
Strategically located
Hospital close
Highway close
Major MSA
Annual rent increases
Corporate Guarantee
Over 1000 units backed

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Links

Caliber Collision Wikipedia East Moline, Illinois Zip Code 61244 Broker Site Page

Maps

Local Information

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 :	9,002	46,036	88,321
2023 Total Population :	9,103	46,749	89,441
2023 Employed Civilian Pop :	4,725	22,191	44,458
2023 Total Businesses :	199	1,218	2,969
2023 Average Household Income :	$ 69,423	$ 71,758	$ 80,465
2023 Total Consumer Spending :	$ 254 M	$ 1240 M	$ 2651 M
2023 Median Age :	43	42	42
2023 Total Households :	4,206	19,771	37,885
2023 Pop Age 25+: Bachelor's Degree :	1,105	5,094	10,884
2023 Average Home Value :	$ 159,958	$ 166,954	$ 182,962

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Ave of the Cities	19th St	2001	8,600	0.16 mi
19th St	Colona Rd	2010	8,200	0.19 mi
19th St	Ave of the Cities	2006	600	0.19 mi
13th St	37th Ave	2001	6,200	0.21 mi
Frontage Rd	Colona Rd	2001	2,650	0.21 mi
Cities Ave	19th St	2004	13,400	0.22 mi
36th Ave	17th St Em	2006	75	0.22 mi
13th St	Archer Dr	2006	4,900	0.23 mi
Colona Rd	19th St	2006	19,100	0.24 mi
Frontage Rd	Ave of the Cities	2010	2,550	0.25 mi

Listing Broker

Dan Yozwiak

Marcus & Millichap

Contact

27 Listings
6331 Views
12 Sold

Darpan Patel

Marcus & Millichap

Contact

27 Listings
6331 Views
12 Sold

Dan Yozwiak

Dan Yozwiak specializes in bringing a true value of representation to real estate investors through the disposition and acquisition of income producing properties. He is committed to helping clients create and preserve wealth by providing the best real estate investment research, advisory, and transaction services available. He has successfully advised and represented a number of high net worth individuals, private equity investors, merchant developers and institutions in the acquisition and di

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Darpan Patel

Darpan Patel joined Marcus and Millichap as an Associate in April of 2012. He was promoted to Senior Associate in April 2016 and elevated to First Vice President Investments in July 2019. Since joining Marcus & Millichap, Darpan has closed more than 300 transactions equating to more than $650 million of property sales in 32 states. His clients include developers, high net-worth investors, syndicators, medical professionals,, private equity funds and private investment groups. Mr. Pate

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