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Views: 98 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 13.3
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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Maps

  • 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

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