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Caliber Collision
1025 West Sunshine Street, Springfield, MO 65807
$5,185,000
Cap Rate 6.25%
Summary
| Price $5,185,000 | Built/Renov 1985/2022 | Tenant Caliber Collision |
| Cap Rate 6.25% | Lease Type
NN+ | Guarantor Corporate |
| Size/SF
26,689
| Lease Start
10-21-2022
| #Units
1,605
|
| Price/SF $194.27 | Expiration
10-31-2037
| Tenant Type Automotive |
| NOI $324,000 | R. Term 13.10 | 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...
...Features
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Recent renovation
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Oversized lot
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Dense retail corridor
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Near major nationals
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Dense 100M+ pop 5 mi
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Major MSA
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Brand new lease
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Long 10+ yr lease
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Favorable NN+ lease
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Corporate Guarantee
...
Maps
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...
...
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 |
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 |
