Caliber Collision

1025 West Sunshine Street, Springfield, MO 65807

$3,437,500

Cap Rate 9.43%

$5,185,000

Cap Rate 6.25%

DOM: 117 Updated: 03.02.24 Posted: 08.26.23 Status: Sold 12.22.23

Summary

Price $3,437,500 $5,185,000	Built/Renov 1985/2022	Tenant Caliber Collision
Cap Rate 9.43% 6.25%	Lease Type NN+	Guarantor Corporate
Size/SF 26,689	Lease Start 10-21-2022	#Units 1,605
Price/SF $128.80 $194.27	Expiration 10-31-2037	Tenant Type Automotive
NOI $324,000	R. Term 12.5	Ownership Fee Simple
Rent/SF $12.14	Increases 10.0%/4/yrs	Pop 5Mi 193,227
Lot/AC 4.13	Options 3/5yrs/10%	AHHI 5Mi $55,494

Lease Highlights

New 2022 renovations
Caliber Collision has 14+ years remaining on their current lease term with 3 (5-year) options to extend
Lease features a 10% rental increase every 5 years throughout the initial term and at the start of each option
Favorable NN+ lease with landlord responsibilities limited to roof and structure
Corporate guaranteed lease

Location Description

This newly renovated 26,689 square foot Caliber Collision is situated on a large 4.13 acre parcel along West Sunshine Street with access to 32,000 vehicles per day. The site is located along a dense retail corridor with neighboring national/credit tenants including Taco Bell, Starbucks, McDonald’s, Bank of America, Bass Pro Shops and many others. The 5-mile trade area is supported by a robust...

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Key Features

Recent renovation
Oversized lot
Dense retail corridor
Near major nationals
Dense 100M+ pop 5 mi
Major MSA
Brand new lease
Long 10+ yr lease
Favorable NN+ lease
Corporate Guarantee

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Links

Caliber Collision Wikipedia Springfield, Missouri Zip Code 65807 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Caliber Collision
Guarantor:Corporate
Company:Wand Newco 3, Inc.
# 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 :	10,727	95,650	202,679
2023 Total Population :	10,744	94,386	199,984
2023 Employed Civilian Pop :	6,046	46,631	97,460
2023 Total Businesses :	430	5,628	10,338
2023 Average Household Income :	$ 58,442	$ 58,500	$ 71,660
2023 Total Consumer Spending :	$ 259 M	$ 2209 M	$ 5547 M
2023 Median Age :	34	34	36
2023 Total Households :	5,072	42,942	88,502
2023 Pop Age 25+: Bachelor's Degree :	1,947	13,148	28,738
2023 Average Home Value :	$ 167,023	$ 177,284	$ 209,574

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
W Sunshine St	S Franklin Ave	2014	33,613	0.10 mi
W Sunshine St	S Ferguson Ave	2012	30,928	0.18 mi
W Sunshine St	S Grant Ave	2012	26,500	0.19 mi
W Portland St	S Thelma Ave	2004	1,513	0.21 mi
W Washita St	S Missouri Ave	2012	7,652	0.22 mi
S Fort Ave	W University St	2014	5,836	0.22 mi
W Portland St	S Thelma Ave	2009	1,519	0.23 mi
S Fort Ave	W Sunshine St	2012	6,340	0.24 mi
S Grant Ave	W Sunshine St	2012	6,167	0.26 mi
W Sunshine St	S Fort Ave	2012	27,960	0.26 mi

Listing Broker

Bill Asher

Hanley Investment Group

Contact

151 Listings
27518 Views
75 Sold

Jeff Lefko

Hanley Investment Group

Contact

151 Listings
26791 Views
78 Sold

Bill Asher

Bill Asher specializes in advising clients in the acquisition and disposition of retail properties nationwide. With over 20 years of experience in commercial real estate, his transaction expertise, industry relationships, and unparalleled professionalism have allowed him to close and contribute to more than $2 billion in sales, including over 550 sales in the last 10 years. Bill’s dedication and unwavering commitment to his clients have made him one of the top agents at the company earning him

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Jeff Lefko

As Executive Vice President at Hanley Investment Group, Jeff Lefko specializes in advising clients in the acquisition and disposition of retail properties nationwide. Jeff is focused on developing meaningful relationships that go beyond a singular transaction by proactively advising his clients to help achieve their long-term financial goals and objectives. Jeff’s commitment to his clients has allowed him to close over $1.5 billion in sales since 2017, which included 114 transactions va

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