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Auto Service - Gas-Conv

Caliber Collision | Houston's Energy Corridor | Below Market Rent | Absolute Net Lease

16337 Park Row, Houston, TX 77084

Listing Price: $5,998,420

Cap Rate
5.50%
Tenant Name
Caliber Collision
Years Remaining On Lease
11.2
Gross SF
33,760
Guarantor
Corporate Guarantee
Rentable SF
33,760
Price/Gross SF
$177.68
Lease Type
Absolute Net
Rent Per Square Feet
$9.77

Investment Overview

Houston is the most populous city in the U.S. state of Texas, fourth-most populous city in the United States, most populous city in the Southern United States, as well as the sixth-most populous in North America, with an estimated 2019 population of 2,320,268. Located in Southeast Texas near Galveston Bay and the Gulf of Mexico, it is the seat of Harris County and the principal city of the Greater Houston metropolitan area, which is the fifth-most populous metropolitan statistical area in the United States and the second-most populous in Texas after the Dallas–Fort Worth metroplex, with a population of 7,066,141 in 2019. Houston is the southeast anchor of the greater megaregion known as the Texas Triangle. Houston is the eighth-most expansive city in the United States (including consolidated city-counties). It is the largest city in the United States by total area, whose government is not consolidated with that of a county, parish, or borough. Though primarily in Harris County, small portions of the city extend into Fort Bend and Montgomery counties, bordering other principal communities of Greater Houston such as Sugar Land and The Woodlands.

Investment Highlights

  • Long Term Abs. Net Lease (Zero Landlord Responsibilities) Feat. 10% Rental Increases Every 5 Years throughout the Initial Term & Options. Below Market Rent. More than Double the Size of Avg. Caliber.
  • 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.
  • Positioned Along Area's Major Traffic & Industrial Corridor. Features Easy Access and Excellent Visibility with Daily Traffic Counts Exceeding 13k Vehicles. Across from Interstate-10 (237k+ VPD).
  • Located within The Energy Corridor - the Primary Concentration for Business Activity in the West Houston Metropolitan Area. Houses Corporate Headquarters of some of the World's Largest Energy Companies.
  • Densely Populated and Affluent Area: Features an Average Household Income of $121k+ within a 3-Mile Radius and more than 254k People Residing within a 5-Mile Radius.
  • Near Numerous Auto Dealerships and Auto Service Centers including Volkswagen, Mercedes, Subaru, Mitsubishi, Hyundai, Buick, GMC, Mazda, Acura, Volvo, Audi and more.
  • Minutes from National Retailers including Walmart Supercenter, Sam's Club, The Home Depot, Target, Lowe's, H-E-B, Hobby Lobby, Best Buy, TJ Maxx and many more. Near Houston Methodist West Hospital: A 193 Bed, Full Service and Acute Care Public Hospital (870+ Physicians | 121k+ Annual Visitors/Treatments) & Texas Children's Hospital West.

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

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3100

    License(s) TX: 0606255

    Texas

Financing By

Auto Service - Gas-Conv

Caliber Collision | Houston's Energy Corridor | Below Market Rent | Absolute Net Lease

Listing Price: $5,998,420

Cap Rate
5.50%
Tenant Name
Caliber Collision
Years Remaining On Lease
11.2
Gross SF
33,760
Guarantor
Corporate Guarantee
Rentable SF
33,760
Price/Gross SF
$177.68
Lease Type
Absolute Net
Rent Per Square Feet
$9.77

Investment Highlights

  • Long Term Abs. Net Lease (Zero Landlord Responsibilities) Feat. 10% Rental Increases Every 5 Years throughout the Initial Term & Options. Below Market Rent. More than Double the Size of Avg. Caliber.
  • 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.
  • Positioned Along Area's Major Traffic & Industrial Corridor. Features Easy Access and Excellent Visibility with Daily Traffic Counts Exceeding 13k Vehicles. Across from Interstate-10 (237k+ VPD).
  • Located within The Energy Corridor - the Primary Concentration for Business Activity in the West Houston Metropolitan Area. Houses Corporate Headquarters of some of the World's Largest Energy Companies.
  • Densely Populated and Affluent Area: Features an Average Household Income of $121k+ within a 3-Mile Radius and more than 254k People Residing within a 5-Mile Radius.
  • Near Numerous Auto Dealerships and Auto Service Centers including Volkswagen, Mercedes, Subaru, Mitsubishi, Hyundai, Buick, GMC, Mazda, Acura, Volvo, Audi and more.
  • Minutes from National Retailers including Walmart Supercenter, Sam's Club, The Home Depot, Target, Lowe's, H-E-B, Hobby Lobby, Best Buy, TJ Maxx and many more. Near Houston Methodist West Hospital: A 193 Bed, Full Service and Acute Care Public Hospital (870+ Physicians | 121k+ Annual Visitors/Treatments) & Texas Children's Hospital West.

Investment Overview

Houston is the most populous city in the U.S. state of Texas, fourth-most populous city in the United States, most populous city in the Southern United States, as well as the sixth-most populous in North America, with an estimated 2019 population of 2,320,268. Located in Southeast Texas near Galveston Bay and the Gulf of Mexico, it is the seat of Harris County and the principal city of the Greater Houston metropolitan area, which is the fifth-most populous metropolitan statistical area in the United States and the second-most populous in Texas after the Dallas–Fort Worth metroplex, with a population of 7,066,141 in 2019. Houston is the southeast anchor of the greater megaregion known as the Texas Triangle. Houston is the eighth-most expansive city in the United States (including consolidated city-counties). It is the largest city in the United States by total area, whose government is not consolidated with that of a county, parish, or borough. Though primarily in Harris County, small portions of the city extend into Fort Bend and Montgomery counties, bordering other principal communities of Greater Houston such as Sugar Land and The Woodlands.

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

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3100

    License(s): TX: 0606255

    Texas

Financing By

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