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DOM: 45 Updated: 05.17.24 Posted: 03.17.24 Status: Sold 05.01.24

Summary

Price $5,300,000 $5,597,669
Built/Renov 2019
Tenant Caliber Collision
Cap Rate 6.71% 6.35%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 18,109
Lease Start 06-15-2019
#Units 1,605
Price/SF $292.67 $309.11
Expiration 06-16-2034
Tenant Type Automotive
NOI $355,452
R. Term 9.0
Ownership Fee Simple
Rent/SF $19.63
Increases 10.0%/1/yrs
Pop 5Mi 89,637
Lot/AC 2.69
Options 2/5yrs/10%
AHHI 5Mi $119,062

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
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Caliber Collision is strategically located on Airport Road, with access to 13,475 vehicles passing by daily. Additionally, the property benefits from adjacency to US-Hwy 12 with over 40,000 VPD and Interstate 90. The property is surrounded by well-known national tenants such as Costco, UPS, True Value, Burger King, Culver’s, and more. Moreover, this prime location is less than 7 miles from...

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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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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 3,860 38,633 91,935
2023 Total Population : 3,609 37,665 89,341
2023 Employed Civilian Pop : 1,849 20,209 49,210
2023 Total Businesses : 343 1,990 4,591
2023 Average Household Income : $ 140,652 $ 144,887 $ 131,421
2023 Total Consumer Spending : $ 206 M $ 2171 M $ 4707 M
2023 Median Age : 41 42 40
2023 Total Households : 1,736 17,545 41,888
2023 Pop Age 25+: Bachelor's Degree : 963 10,077 23,173
2023 Average Home Value : $ 501,974 $ 492,308 $ 485,192
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Airport Rd Nursery Dr 2018 11,800 0.07 mi
Airport Rd Atom Ct 2018 15,000 0.11 mi
Nursery Dr Forsythia St 2009 1,800 0.13 mi
Deming Way Nursery Dr 2009 1,500 0.18 mi
2018 9,400 0.19 mi
2018 6,200 0.23 mi
Highway 12 Path 2018 2,400 0.23 mi
Deming Way Nursery Dr 2009 3,000 0.33 mi
US Hwy 12 Airport Rd 2018 45,500 0.43 mi
Airport Rd Deming Way 2018 9,800 0.52 mi

Listing Broker

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