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Auto Service - Gas-Conv

Caliber Collision Center | Western North Carolina | 15 Year Absolute Net Lease | 2022 Construction

17 Truckers Place, Asheville (Western NC), NC 28805

Listing Price: $6,431,260

Cap Rate
5.00%
Tenant Name
Caliber Collision
Years Remaining On Lease
15.1
Gross SF
16,100
Guarantor
Corporate Guarantee
Rentable SF
16,100
Price/Gross SF
$399.46
Lease Type
Absolute Net
Rent Per Square Feet
$19.97

Investment Overview

Asheville is a city in, and the county seat of, Buncombe County, NC. Located at the confluence of the French Broad and Swannanoa rivers, it is the largest city in Western North Carolina, and the state’s 12th-most populous city. According to the 2020 United States Census, the city’s population was 94,589, up from 83,393 in the 2010 census. It is the principal city in the four-county Asheville metropolitan area, which had a population of 424,858 in 2010, and of 469,015 in 2020. Some major corporations headquartered in the Asheville area include HomeTrust Bancshares, Ingles, Earth Fare, The Biltmore Company, Moog Music and the eastern headquarters for Sierra Nevada Brewing Company and New Belgium Brewing Company.

Investment Highlights

  • 15 Year Absolute Net Lease (Zero Landlord Responsibilities) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. Brand New 2022 Construction.
  • Caliber Collision Recently Merged with ABRA creating a Leading Collision Repair Chain of more than 1,235 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 & Retail Corridor. Features Easy Access and Excellent Visibility with Daily Traffic Counts Exceeding 12k Vehicles. Near Interstate-240 (62k+ VPD).
  • Surrounded by Numerous National Retailers including Target, Walmart Supercenter, The Home Depot, Lowe's, Whole Foods, ALDI, Dick's Sporting Goods, CVS and many more.
  • Immediate Area Experiencing Major Growth: Near Several Large Retail & Housing Developments Under Construction. Densely Populated Area: Features more than 87k People Residing within a 5-Mile Radius.
  • Walking Distance from Asheville Mall - the Largest Mall in Western North Carolina. Features more than 132 Stores on 974k+ Sq.Ft.
  • Minutes from Asheville-Buncombe Technical Community College - the Largest in Western North Carolina, with more than 14k+ Students Currently Enrolled. In Close Proximity to Mission Hospital - a 815-Bed Hospital and Medical Center. It is the State's Sixth-Largest Health System.

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

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s) NC: 303785

    North Carolina

Financing By

Auto Service - Gas-Conv

Caliber Collision Center | Western North Carolina | 15 Year Absolute Net Lease | 2022 Construction

Listing Price: $6,431,260

Cap Rate
5.00%
Tenant Name
Caliber Collision
Years Remaining On Lease
15.1
Gross SF
16,100
Guarantor
Corporate Guarantee
Rentable SF
16,100
Price/Gross SF
$399.46
Lease Type
Absolute Net
Rent Per Square Feet
$19.97

Investment Highlights

  • 15 Year Absolute Net Lease (Zero Landlord Responsibilities) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. Brand New 2022 Construction.
  • Caliber Collision Recently Merged with ABRA creating a Leading Collision Repair Chain of more than 1,235 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 & Retail Corridor. Features Easy Access and Excellent Visibility with Daily Traffic Counts Exceeding 12k Vehicles. Near Interstate-240 (62k+ VPD).
  • Surrounded by Numerous National Retailers including Target, Walmart Supercenter, The Home Depot, Lowe's, Whole Foods, ALDI, Dick's Sporting Goods, CVS and many more.
  • Immediate Area Experiencing Major Growth: Near Several Large Retail & Housing Developments Under Construction. Densely Populated Area: Features more than 87k People Residing within a 5-Mile Radius.
  • Walking Distance from Asheville Mall - the Largest Mall in Western North Carolina. Features more than 132 Stores on 974k+ Sq.Ft.
  • Minutes from Asheville-Buncombe Technical Community College - the Largest in Western North Carolina, with more than 14k+ Students Currently Enrolled. In Close Proximity to Mission Hospital - a 815-Bed Hospital and Medical Center. It is the State's Sixth-Largest Health System.

Investment Overview

Asheville is a city in, and the county seat of, Buncombe County, NC. Located at the confluence of the French Broad and Swannanoa rivers, it is the largest city in Western North Carolina, and the state’s 12th-most populous city. According to the 2020 United States Census, the city’s population was 94,589, up from 83,393 in the 2010 census. It is the principal city in the four-county Asheville metropolitan area, which had a population of 424,858 in 2010, and of 469,015 in 2020. Some major corporations headquartered in the Asheville area include HomeTrust Bancshares, Ingles, Earth Fare, The Biltmore Company, Moog Music and the eastern headquarters for Sierra Nevada Brewing Company and New Belgium Brewing Company.

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

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s): NC: 303785

    North Carolina

Financing By

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