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Auto Service - Gas-Conv

Caliber Collision | Kansas City MSA | 15 Year Absolute Net Lease | Within Industrial Hub

616 N Rogers Road, Olathe (Kansas City MSA), KS 66062

Listing Price: $5,712,171

Cap Rate
5.25%
Tenant Name
Caliber Collision
Years Remaining On Lease
14.3
Gross SF
21,800
Guarantor
Corporate Guarantee
Rentable SF
21,800
Price/Gross SF
$262.03
Lease Type
Absolute Net
Rent Per Square Feet
$13.76

Investment Overview

Olathe is the county seat of Johnson County, Kansas and is the fourth-most populous city in the Kansas City metropolitan area and Kansas, with a 2020 population of 141,290. Olathe’s commercial and industrial parks are home to many companies, including Honeywell, Husqvarna, ALDI, Garmin, Grundfos, and Farmers Insurance Group. Although Farmers Insurance is based in Los Angeles, California, Olathe has more of its employees than any other city in the United States. The Federal Aviation Administration, a agency of the United States Department of Transportation, administers and maintains an air traffic-control center in Olathe, designated Kansas City Center or ZKC. Kansas City Center is one of 20 regional traffic-control centers that cover United States airspace. Johnson County maintains an airport in Olathe, Johnson County Executive Airport, which is located on about 500 acres of land with a 4,100-ft runway, parallel taxiways, and a federal contract air traffic-control tower. The airport is the second-busiest in the state.

Investment Highlights

  • Long Term Absolute Net Lease (Zero Landlord Responsibilities) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. 2022 Renovation.
  • 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.
  • Located Directly Across from Nissan, Hyundai, Chevrolet, Toyota and near Numerous other Auto Dealerships and Auto Service Centers including Ford, Volkswagen, Kia, Lincoln and many more.
  • The Site is Located within Olathe's Industrial Hub - Surrounded by many Light Industrial, Manufacturing Plants and Distribution Centers.
  • A Short Drive from MidAmerica Nazarene University - a 105-Acre Campus with a Total Undergraduate Enrollment of more than 1,800 Students.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $108k within a 1-Mile Radius and over 270k People Residing within a 5-Mile Radius.
  • Near Numerous National Retailers including Walmart Supercenter, Lowe's, Academy Sports, Menards, Big Lots, Kohl's, Walgreens, At Home and many more. Positioned Along Area's Major Industrial, Retail & Traffic Corridor: Features Easy Access & Excellent Visibility along I-35 with Daily Traffic Counts Exceeding 107k Vehicles.

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

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s) KS: 00241410

    Kansas

Financing By

Auto Service - Gas-Conv

Caliber Collision | Kansas City MSA | 15 Year Absolute Net Lease | Within Industrial Hub

Listing Price: $5,712,171

Cap Rate
5.25%
Tenant Name
Caliber Collision
Years Remaining On Lease
14.3
Gross SF
21,800
Guarantor
Corporate Guarantee
Rentable SF
21,800
Price/Gross SF
$262.03
Lease Type
Absolute Net
Rent Per Square Feet
$13.76

Investment Highlights

  • Long Term Absolute Net Lease (Zero Landlord Responsibilities) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. 2022 Renovation.
  • 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.
  • Located Directly Across from Nissan, Hyundai, Chevrolet, Toyota and near Numerous other Auto Dealerships and Auto Service Centers including Ford, Volkswagen, Kia, Lincoln and many more.
  • The Site is Located within Olathe's Industrial Hub - Surrounded by many Light Industrial, Manufacturing Plants and Distribution Centers.
  • A Short Drive from MidAmerica Nazarene University - a 105-Acre Campus with a Total Undergraduate Enrollment of more than 1,800 Students.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $108k within a 1-Mile Radius and over 270k People Residing within a 5-Mile Radius.
  • Near Numerous National Retailers including Walmart Supercenter, Lowe's, Academy Sports, Menards, Big Lots, Kohl's, Walgreens, At Home and many more. Positioned Along Area's Major Industrial, Retail & Traffic Corridor: Features Easy Access & Excellent Visibility along I-35 with Daily Traffic Counts Exceeding 107k Vehicles.

Investment Overview

Olathe is the county seat of Johnson County, Kansas and is the fourth-most populous city in the Kansas City metropolitan area and Kansas, with a 2020 population of 141,290. Olathe’s commercial and industrial parks are home to many companies, including Honeywell, Husqvarna, ALDI, Garmin, Grundfos, and Farmers Insurance Group. Although Farmers Insurance is based in Los Angeles, California, Olathe has more of its employees than any other city in the United States. The Federal Aviation Administration, a agency of the United States Department of Transportation, administers and maintains an air traffic-control center in Olathe, designated Kansas City Center or ZKC. Kansas City Center is one of 20 regional traffic-control centers that cover United States airspace. Johnson County maintains an airport in Olathe, Johnson County Executive Airport, which is located on about 500 acres of land with a 4,100-ft runway, parallel taxiways, and a federal contract air traffic-control tower. The airport is the second-busiest in the state.

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

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s): KS: 00241410

    Kansas

Financing By

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