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Views: 151 DOM: 38 Updated: 06.28.24 Posted: 06.04.24 Status: Active

Summary

Price $3,999,000
Built/Renov 1977/2019
Tenant Caliber Collision
Cap Rate 5.92%
Lease Type Double NN
Guarantor Corporate
Size/SF 20,307
Lease Start 09-09-2019
#Units 1,605
Price/SF $196.93
Expiration 09-30-2034
Tenant Type Automotive
NOI $236,583
R. Term 10.2
Ownership Fee Simple
Rent/SF $11.65
Increases 10.0%/5/yrs
Pop 5Mi 93,925
Lot/AC 1.43
Options 2/5yrs/10%
AHHI 5Mi $82,319

Lease Highlights

  • Caliber Collision has 10+ years remaining on the current lease term with 2 (5-year) options to extend
  • The lease features 10% rental escalations throughout the initial term and option periods
  • Limited landlord responsibilities 
  • Corporate guaranteed lease

Location Description

Caliber Collision is strategically located on Boulevard, with access to 28,000 vehicles. The property is conveniently situated north of Colonial Square Shopping Center, a Publix-anchored shopping center, and directly off Interstate 95 (111,000 VPD). The property has direct on/off ramp access, offering excellent visibility and multiple points of ingress/egress. The 5-mile trade area is...

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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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Listing Broker

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