Auto Parts
Caliber Collision | Absolute Triple Net (NNN) Lease | Small Price Point | Frankfort, KY
922 Versailles Rd, Frankfort, KY 40601
Listing Price: $1,871,500
Investment Overview
This absolute triple net (NNN) Caliber Collision in Kentucky’s capital city of Frankfort provides a qualified investor with a long-term, true "sleep-at-night" investment opportunity. There are over 11 years remaining on the base term, and includes built-in 10% rent increases every five years to hedge against inflation, with the next scheduled increase to occur in 2025.
Founded in 1997, Caliber Collision is the nation’s leading auto collision repair provider. Headquartered in Lewisville, TX, the Company operates over 1,700 locations across 40 states.
Caliber Collision | Absolute Triple Net (NNN) Lease | Small Price Point | Frankfort, KY
Investment Highlights
- ABSOLUTE TRIPLE NET (NNN) LEASE - The tenant pays for all operating costs, including taxes, insurance, maintenance, and is responsible for roof and structure
- LONG TERM STABLE INVESTMENT - The new 15 year lease commenced in 2020, with 11+ years remaining on the base term
- REGULAR RENT INCREASES - 10% increases every 5 years, next increase takes effect in August 2025
- STRONG CORPORATE GUARANTY - Caliber Collision is the largest auto body repair company in the U.S. with over 1,700 locations
- STRATEGICALLY LOCATED RETAIL CORRIDOR - The subject site is right off I-64 in a busy retail area, adjacent to the region's large car dealerships, with nearly 25,000 vehicles passing by daily
- CAPITAL CITY / KENTUCKY STATE UNIVERSITY - In between Louisville and Lexington, Frankfort is Kentucky's state capital, and is home to Kentucky State University Frankfort, which is just 2 miles from the subject site
Auto Parts
Caliber Collision | Absolute Triple Net (NNN) Lease | Small Price Point | Frankfort, KY
Listing Price: $1,871,500
Investment Highlights
- ABSOLUTE TRIPLE NET (NNN) LEASE - The tenant pays for all operating costs, including taxes, insurance, maintenance, and is responsible for roof and structure
- LONG TERM STABLE INVESTMENT - The new 15 year lease commenced in 2020, with 11+ years remaining on the base term
- REGULAR RENT INCREASES - 10% increases every 5 years, next increase takes effect in August 2025
- STRONG CORPORATE GUARANTY - Caliber Collision is the largest auto body repair company in the U.S. with over 1,700 locations
- STRATEGICALLY LOCATED RETAIL CORRIDOR - The subject site is right off I-64 in a busy retail area, adjacent to the region's large car dealerships, with nearly 25,000 vehicles passing by daily
- CAPITAL CITY / KENTUCKY STATE UNIVERSITY - In between Louisville and Lexington, Frankfort is Kentucky's state capital, and is home to Kentucky State University Frankfort, which is just 2 miles from the subject site
Investment Overview
This absolute triple net (NNN) Caliber Collision in Kentucky’s capital city of Frankfort provides a qualified investor with a long-term, true "sleep-at-night" investment opportunity. There are over 11 years remaining on the base term, and includes built-in 10% rent increases every five years to hedge against inflation, with the next scheduled increase to occur in 2025. Founded in 1997, Caliber Collision is the nation’s leading auto collision repair provider. Headquartered in Lewisville, TX, the Company operates over 1,700 locations across 40 states.
