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Caliber Collision | Annual CPI Rent Increases | Vancouver, WA

12302 NE Fourth Plain Blvd, Vancouver, WA 98682

Listing Price: $5,585,000

Cap Rate
4.90%
Tenant Name
Caliber Collision
Years Remaining On Lease
7.0
Guarantor
Corporate Guarantee
Rentable SF
15,112
Lease Type
Double Net
Rent Per Square Feet
$18.11

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale a Caliber Collision located just off WA-500 (68K+ VPD), on NE Fourth Plain Blvd (36K+ VPD). 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 $18.11/SF + NNN with market rents achievable in the $20-$23/SF range, providing upside in rents through the annual CPI increases. 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
  • Annual Uncapped CPI Rent Increases to Hedge Inflation
  • Below Market Rent
  • Strong Corporate Guarantee
  • Recently Remodeled
  • Located in High-Growth Market with Strong Demographics
  • Strong Historical Occupancy
  • Minimal Landlord Responsibilities

Exclusively Listed By

Auto Service - Gas-Conv

Caliber Collision | Annual CPI Rent Increases | Vancouver, WA

Listing Price: $5,585,000

Cap Rate
4.90%
Tenant Name
Caliber Collision
Years Remaining On Lease
7.0
Guarantor
Corporate Guarantee
Rentable SF
15,112
Lease Type
Double Net
Rent Per Square Feet
$18.11

Investment Highlights

  • AAA High-Volume Location
  • Annual Uncapped CPI Rent Increases to Hedge Inflation
  • Below Market Rent
  • Strong Corporate Guarantee
  • Recently Remodeled
  • 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 WA-500 (68K+ VPD), on NE Fourth Plain Blvd (36K+ VPD). 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 $18.11/SF + NNN with market rents achievable in the $20-$23/SF range, providing upside in rents through the annual CPI increases. 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

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