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Views: 36 DOM: 92 Updated: 05.08.24 Posted: 03.12.24 Status: Active

Summary

Price $1,166,197
Built/Renov 1983/2023
Tenant Caliber Collision
Cap Rate 7.10%
Lease Type Double NN
Guarantor Corporate
Size/SF 14,412
Lease Start 09-01-2023
#Units 1,605
Price/SF $80.92
Expiration 09-30-2033
Tenant Type Automotive
NOI $82,800
R. Term 9.3
Ownership Fee Simple
Rent/SF $5.75
Increases 2.0%/1/yrs
Pop 5Mi 67,852
Lot/AC 2.38
Options 2/5yrs/2%
AHHI 5Mi $57,768

Lease Highlights

  • Caliber Collision has 9+ years remaining on the current lease term with 2 (5-year) options to extend
  • The lease features 2% annual rental escalations throughout the initial term and options
  • Corporate guaranteed lease

Location Description

Caliber Collision is strategically located on Park Avenue E, with access to 8,800 vehicles passing by daily. The property spans three parcels, featuring a large parking lot, prominent signage, and excellent visibility. Situated in a dense industrial corridor, it is surrounded by multiple automotive repair shop tenants and is adjacent to a 7-Eleven Gas Station. Conveniently located just 2 miles...

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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 : 3,456 41,480 67,824
2023 Total Population : 3,488 41,819 68,094
2023 Employed Civilian Pop : 1,416 15,506 27,161
2023 Total Businesses : 210 1,365 2,290
2023 Average Household Income : $ 51,941 $ 55,013 $ 61,406
2023 Total Consumer Spending : $ 69 M $ 775 M $ 1516 M
2023 Median Age : 38 39 42
2023 Total Households : 1,508 16,006 28,125
2023 Pop Age 25+: Bachelor's Degree : 66 2,024 5,138
2023 Average Home Value : $ 154,116 $ 138,925 $ 157,093
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Park Avenue East Illinois Ave N 2021 9,586 0.10 mi
Lucas Road PkAve E 2021 2,196 0.23 mi
Park Avenue East Lucas Rd 2021 7,571 0.30 mi
S ILLINOIS AVE Hickory Ln 2020 8,591 0.41 mi
Conley Avenue S Stewart Rd 2021 55 0.49 mi
N ILLINOIS AVE Sunset Dr 2020 3,726 0.49 mi
Hickory Lane S Illinois Ave 2021 259 0.63 mi
Park Avenue East Hickory Ln 2021 5,823 0.63 mi
N STEWART RD Grace St 2020 6,266 0.68 mi
OAK ST Greenfield Dr 2020 1,934 0.77 mi

Listing Broker

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