Skip to main content

Auto Service - Gas-Conv

Caliber Collision - Hazel Dell

7631 NE Hwy 99, Vancouver, WA 98665

Listing Price: $5,208,850

Cap Rate
4.65%
Tenant Name
Caliber Collision
Years Remaining On Lease
7.0
Guarantor
Corporate Guarantee
Rentable SF
16,042
Lease Type
Double Net
Rent Per Square Feet
$15.10

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale a Caliber Collision located just off of I 5 (92,000+ VPD) and along Hwy 99 in high-growth Vancouver, WA (Portland, OR MSA). The Property features a Corporate Guarantee from Caliber Collision and annual CPI rent increases, providing a strong hedge against inflation. Caliber Collision is currently paying just $15.10/SF + NNN with market rents achievable in the $22/SF - $25/ SF + NNN range, providing upside in rents through the annual CPI increases. The location has over 45 years of historical occupancy as a high-volume auto body collision repair center. Caliber Collision is the largest collision repair company in America with more than 1,400 I-CAR Gold Class Professional certified collision repair centers across 40 states with annual revenues exceeding $4 Billion.

Investment Highlights

  • AAA HIGH-VOLUME LOCATION ADJACENT TO I-5 (92,000+ VPD)
  • ANNUAL CPI RENT INCREASES TO HEDGE INFLATION
  • BELOW MARKET RENTS
  • STRONG CORPORATE GUARANTEE
  • LOCATED IN HIGH-GROWTH MARKET WITH STRONG DEMOGRAPHICS
  • STRONG HISTORICAL OCCUPANCY
  • MINIMAL LANDLORD RESPONSIBILITIES

Exclusively Listed By

Auto Service - Gas-Conv

Caliber Collision - Hazel Dell

Listing Price: $5,208,850

Cap Rate
4.65%
Tenant Name
Caliber Collision
Years Remaining On Lease
7.0
Guarantor
Corporate Guarantee
Rentable SF
16,042
Lease Type
Double Net
Rent Per Square Feet
$15.10

Investment Highlights

  • AAA HIGH-VOLUME LOCATION ADJACENT TO I-5 (92,000+ VPD)
  • ANNUAL CPI RENT INCREASES TO HEDGE INFLATION
  • BELOW MARKET RENTS
  • STRONG CORPORATE GUARANTEE
  • LOCATED IN HIGH-GROWTH MARKET WITH STRONG DEMOGRAPHICS
  • STRONG HISTORICAL OCCUPANCY
  • MINIMAL LANDLORD RESPONSIBILITIES

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale a Caliber Collision located just off of I 5 (92,000+ VPD) and along Hwy 99 in high-growth Vancouver, WA (Portland, OR MSA). The Property features a Corporate Guarantee from Caliber Collision and annual CPI rent increases, providing a strong hedge against inflation. Caliber Collision is currently paying just $15.10/SF + NNN with market rents achievable in the $22/SF - $25/ SF + NNN range, providing upside in rents through the annual CPI increases. The location has over 45 years of historical occupancy as a high-volume auto body collision repair center. Caliber Collision is the largest collision repair company in America with more than 1,400 I-CAR Gold Class Professional certified collision repair centers across 40 states with annual revenues exceeding $4 Billion.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower