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Updated: 04.25.23 Posted: 04.07.23 Status: Sold    

Summary

Price $2,800,000
Built/Renov 1950/2022
Tenant Caliber Collision
Cap Rate 6.00%
Lease Type NN+
Guarantor Corporate
Size/SF 16,102
Lease Start 11-01-2022
#Units 1,605
Price/SF $173.89
Expiration 10-31-2036
Tenant Type Automotive
NOI $168,000
R. Term 11.3
Ownership Fee Simple
Rent/SF $10.43
Increases 2.0%/1/yrs
Pop 5Mi 25,674
Lot/AC 5.00
Options 2/5yrs/2%
AHHI 5Mi $66,154

Highlights

  • New 2022 renovation
  • Brand-new 14 year lease with 2 (5-year) options to extend
  • Lease features 2% annual rental increases throughout the initial term and options and at the beginning of each option
  • Favorable NN+ lease with landlord responsibilites limited to roof and structure
  • Corporate guarantee by Hellman & Friedman

Location Description

Caliber Collision is strategically located along Young Avenue with clear visibility and access to an average of 4,839 vehicles passing by daily with direct access to NW US Highway 50 which sees 8,546 vehicles passing per day. Located within a dense retail corridor, nearby major national tenants include Dollar Tree, Planet Fitness, Dairy Queen, CVS, Walmart Supercenter, ALDI, AMC, Lowe’s,...

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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 with more than 1,500 I-CAR Gold Class Professional certified collision repair centers across 40 states. Founded in...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 5,628 21,181 25,518
2023 Total Population : 5,597 21,109 25,401
2023 Employed Civilian Pop : 2,239 9,531 11,685
2023 Total Businesses : 264 822 907
2023 Average Household Income : $ 82,103 $ 76,850 $ 77,123
2023 Total Consumer Spending : $ 157 M $ 526 M $ 640 M
2023 Median Age : 36 28 29
2023 Total Households : 2,207 7,828 9,510
2023 Pop Age 25+: Bachelor's Degree : 888 2,511 3,052
2023 Average Home Value : $ 237,300 $ 231,512 $ 229,978
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Stahl Dr Pride Ave 2019 8,996 0.15 mi
Stahl Dr Pride Ave 2018 8,794 0.15 mi
Stahl Dr Pride Ave 2018 9,977 0.16 mi
Stahl Drive E Young St 2018 3,013 0.21 mi
Frontage Rd N Ridgeview Dr 2018 2,850 0.22 mi
East Young Street Regent Dr 2018 5,024 0.42 mi
Corporate Drive N Enterprise Dr 2018 516 0.48 mi
Walnut Ln Woodlawn Dr 2018 1,162 0.52 mi
East Gay Street N Ridgeview Dr 2018 1,596 0.54 mi
Veterans Road Cloverleaf Dr 2018 733 0.64 mi

Listing Broker

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