Auto Parts
Caliber Collision | Pittsburgh, PA | New 15 Year Absolute Net Lease
453 Lowries Run Rd, Pittsburgh, PA 15237
Listing Price: $4,403,062
Investment Overview
This opportunity provides a qualified buyer with a long term and stable passive investment, featuring two 5-year renewal options and 10% rent bumps every 5-years, to hedge against inflation. Caliber Collision's grand opening for this site is January 22nd, 2024, and offers 15 years on an absolute net lease, with zero landlord responsibilities.
The Pittsburgh metro rests at the foothills of the Allegheny Mountains in the southwestern corner of Pennsylvania, outside the congested East Coast corridor. Consisting of Armstrong, Butler, Fayette, Westmoreland, Washington, Allegheny and Beaver counties, the metro contains 2.4 million residents, with around half concentrated in Allegheny County.
Nine Fortune 500 companies also call Pittsburgh home, including PNC Financial Services, WESCO International, U.S. Steel, Alcoa, PPG Industries, Viatris, Westinghouse Air Brake, Arconic and Dick’s Sporting Goods, and the metro is expected to add around 14,400 people through 2027, which will result in the formation of almost 15,000 households.
Caliber Collision | Pittsburgh, PA | New 15 Year Absolute Net Lease
Investment Highlights
- Brand new 15 year absolute net lease, zero landlord obligations
- New 2024 building renovations
- Regular 10% rent increases every 5 years hedge against inflation
- Strong corporate guaranty from the largest auto body repair company in the U.S. backed by over 1700 locations
- Stable investment, Caliber's parent company, Wand Newco 3, Inc, recently upgraded to a Moody's rating of B2
- E-commerce and recession resistant industry, as long as there are cars on the road, there will be a need for body work
- Conveniently located just 15 minutes north of Downtown Pittsburgh and adjacent to large Target and Sam's Club anchored shopping center
- Will primarily serve the northern suburbs of McCandless and Ross Township, with strong demos, dense population, high incomes, and consistent growth
Broker of Record
Financing By
Auto Parts
Caliber Collision | Pittsburgh, PA | New 15 Year Absolute Net Lease
Listing Price: $4,403,062
Investment Highlights
- Brand new 15 year absolute net lease, zero landlord obligations
- New 2024 building renovations
- Regular 10% rent increases every 5 years hedge against inflation
- Strong corporate guaranty from the largest auto body repair company in the U.S. backed by over 1700 locations
- Stable investment, Caliber's parent company, Wand Newco 3, Inc, recently upgraded to a Moody's rating of B2
- E-commerce and recession resistant industry, as long as there are cars on the road, there will be a need for body work
- Conveniently located just 15 minutes north of Downtown Pittsburgh and adjacent to large Target and Sam's Club anchored shopping center
- Will primarily serve the northern suburbs of McCandless and Ross Township, with strong demos, dense population, high incomes, and consistent growth
Investment Overview
This opportunity provides a qualified buyer with a long term and stable passive investment, featuring two 5-year renewal options and 10% rent bumps every 5-years, to hedge against inflation. Caliber Collision's grand opening for this site is January 22nd, 2024, and offers 15 years on an absolute net lease, with zero landlord responsibilities. The Pittsburgh metro rests at the foothills of the Allegheny Mountains in the southwestern corner of Pennsylvania, outside the congested East Coast corridor. Consisting of Armstrong, Butler, Fayette, Westmoreland, Washington, Allegheny and Beaver counties, the metro contains 2.4 million residents, with around half concentrated in Allegheny County. Nine Fortune 500 companies also call Pittsburgh home, including PNC Financial Services, WESCO International, U.S. Steel, Alcoa, PPG Industries, Viatris, Westinghouse Air Brake, Arconic and Dick’s Sporting Goods, and the metro is expected to add around 14,400 people through 2027, which will result in the formation of almost 15,000 households.
Broker of Record
Financing By
