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Auto Service - Gas-Conv

Caliber Collision Center | Hampton Roads | Long Term Absolute Net Lease | Within Industrial Park

1556 Azalea Garden Rd, Norfolk (Hampton Roads), VA 23502

Listing Price: $683,055

Cap Rate
5.50%
Tenant Name
Caliber Collision
Years Remaining On Lease
14.2
Gross SF
7,279
Guarantor
Corporate Guarantee
Rentable SF
7,279
Price/Gross SF
$93.84
Lease Type
Absolute Net
Rent Per Square Feet
$5.16

Investment Overview

Norfolk is an independent city in the Commonwealth of Virginia in the United States. At the 2020 census, the population was 238,005, making it the third-most populous city in Virginia after neighboring Virginia Beach and Chesapeake, and the 94th-largest city in the nation. The city was incorporated in 1705 and is one of the oldest cities in the Hampton Roads metropolitan area, and is considered to be the historic, urban, financial, and cultural center of the region. Norfolk is at the core of the metropolitan area, surrounding the Hampton Roads natural harbor at the mouth of the Chesapeake Bay. It is one of nine cities and seven counties that constitute the Hampton Roads metro area, officially known as the Virginia Beach-Norfolk-Newport News, VA-NC MSA. The city is bordered to the west by the Elizabeth River and to the north by the Chesapeake Bay. It also shares land borders with the independent cities of Chesapeake to its south and Virginia Beach to its east. As the city is bordered by multiple bodies of water, Norfolk has many miles of riverfront and bayfront property, including beaches on the Chesapeake Bay. The coastal zones are important for the economy. The largest naval base in the world, Naval Station Norfolk, is located in Norfolk along with one of NATO’s two Strategic Command headquarters. Additionally Norfolk is an important contributor to the Port of Virginia. It is home to Maersk Line, Limited, which manages the world’s largest fleet of US-flag vessels.

Investment Highlights

  • Long Term Absolute Net Lease (Zero Landlord Responsibilities) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. Recent Renovation.
  • Caliber Collision Recently Merged with ABRA creating a Leading Collision Repair Chain of more than 1,400 Locations in 40 States.
  • Dominant Leadership: Hellman & Friedman, Private Equity Firm with Over $25 Billion of Total Assets, is the Majority Owners after Merger.
  • Minutes from Norfolk Premium Outlets - an Outlet Shopping Complex Developed by Simon Property Group that features more than 65 Stores and more to be added to the near Future.
  • Surrounded by Numerous National Retailers including the Home Depot, Target, Lowe's, Costco, Walmart Supercenter, Northern Tool, Petsmart, Food Lion and many more.
  • Hampton Roads is known for its Large Military Presence, Shipyards, Coal Piers, and Miles of Waterfront Property, all of which contribute to the Diversity and Stability of the Region's Economy.
  • Within Norfolk Industrial Park - One of the Region's Largest Business Parks with Approximately 350 Acres Fully Developed with more than 300 Businesses Currently Operating.
  • Densely Populated Area: Features more than 325k People Residing within a 5-Mile Radius. A Short Drive from Norfolk International Airport - the Fourth-Busiest Airport in Virginia in terms of Passengers Served (3.9M+ Annually).

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s) VA: 0225247494

    Virginia

Financing By

Auto Service - Gas-Conv

Caliber Collision Center | Hampton Roads | Long Term Absolute Net Lease | Within Industrial Park

Listing Price: $683,055

Cap Rate
5.50%
Tenant Name
Caliber Collision
Years Remaining On Lease
14.2
Gross SF
7,279
Guarantor
Corporate Guarantee
Rentable SF
7,279
Price/Gross SF
$93.84
Lease Type
Absolute Net
Rent Per Square Feet
$5.16

Investment Highlights

  • Long Term Absolute Net Lease (Zero Landlord Responsibilities) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. Recent Renovation.
  • Caliber Collision Recently Merged with ABRA creating a Leading Collision Repair Chain of more than 1,400 Locations in 40 States.
  • Dominant Leadership: Hellman & Friedman, Private Equity Firm with Over $25 Billion of Total Assets, is the Majority Owners after Merger.
  • Minutes from Norfolk Premium Outlets - an Outlet Shopping Complex Developed by Simon Property Group that features more than 65 Stores and more to be added to the near Future.
  • Surrounded by Numerous National Retailers including the Home Depot, Target, Lowe's, Costco, Walmart Supercenter, Northern Tool, Petsmart, Food Lion and many more.
  • Hampton Roads is known for its Large Military Presence, Shipyards, Coal Piers, and Miles of Waterfront Property, all of which contribute to the Diversity and Stability of the Region's Economy.
  • Within Norfolk Industrial Park - One of the Region's Largest Business Parks with Approximately 350 Acres Fully Developed with more than 300 Businesses Currently Operating.
  • Densely Populated Area: Features more than 325k People Residing within a 5-Mile Radius. A Short Drive from Norfolk International Airport - the Fourth-Busiest Airport in Virginia in terms of Passengers Served (3.9M+ Annually).

Investment Overview

Norfolk is an independent city in the Commonwealth of Virginia in the United States. At the 2020 census, the population was 238,005, making it the third-most populous city in Virginia after neighboring Virginia Beach and Chesapeake, and the 94th-largest city in the nation. The city was incorporated in 1705 and is one of the oldest cities in the Hampton Roads metropolitan area, and is considered to be the historic, urban, financial, and cultural center of the region. Norfolk is at the core of the metropolitan area, surrounding the Hampton Roads natural harbor at the mouth of the Chesapeake Bay. It is one of nine cities and seven counties that constitute the Hampton Roads metro area, officially known as the Virginia Beach-Norfolk-Newport News, VA-NC MSA. The city is bordered to the west by the Elizabeth River and to the north by the Chesapeake Bay. It also shares land borders with the independent cities of Chesapeake to its south and Virginia Beach to its east. As the city is bordered by multiple bodies of water, Norfolk has many miles of riverfront and bayfront property, including beaches on the Chesapeake Bay. The coastal zones are important for the economy. The largest naval base in the world, Naval Station Norfolk, is located in Norfolk along with one of NATO’s two Strategic Command headquarters. Additionally Norfolk is an important contributor to the Port of Virginia. It is home to Maersk Line, Limited, which manages the world’s largest fleet of US-flag vessels.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s): VA: 0225247494

    Virginia

Financing By

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