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Auto Service - Gas-Conv

Caliber Collision Center | Knoxville MSA | 15 Year Absolute Net Lease | Within Industrial Corridor

155 Midway Lane, Oak Ridge (Knoxville MSA), TN 37830

Listing Price: $1,880,224

Cap Rate
5.35%
Tenant Name
Caliber Collision
Years Remaining On Lease
14.4
Gross SF
11,430
Guarantor
Corporate Guarantee
Rentable SF
11,430
Price/Gross SF
$164.50
Lease Type
Absolute Net
Rent Per Square Feet
$8.80

Investment Overview

Oak Ridge is a city in Anderson and Roane counties in the eastern part of the U.S. state of Tennessee, about 25 miles west of downtown Knoxville. It is part of the Knoxville Metropolitan Area. Oak Ridge was established in 1942 as a production site for the Manhattan Project—the massive American, British, and Canadian operation that developed the atomic bomb. Being the site of Oak Ridge National Laboratory and Y-12 National Security Complex, scientific and technological development still plays a crucial role in the city’s economy and culture in general. In January 2020, the city council of Oak Ridge approved the “Wilson Street Corridor” project plan, intended to develop and construct a downtown area in the city situated along Wilson Street. The plan consists of a mixed-use development of retail, residential usage, and restaurants with a primary focus of multi-story residential space. The federal government projects at Oak Ridge are the city’s principal economic activity and one of the biggest employers in the Knoxville metropolitan area. The Department of Energy owns the federal sites and maintains a major office in the city.

Investment Highlights

  • 15 Year Absolute Net Lease (Zero Landlord Responsibilities) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options.
  • 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 Industrial & Retail Corridor. Features Easy Access and Excellent Visibility with Daily Traffic Counts Exceeding 18k Vehicles.
  • Near Numerous National Retailers including Walmart Supercenter, The Home Depot, Hobby Lobby, ALDI, Dick's Sporting Goods, TJ Maxx, Belk, Walgreens, CVS many more.
  • The Site is Located within Oak Ridge's Industrial Hub - Surrounded by many Light Industrial, Manufacturing Plants and Distribution Centers.
  • Close to Roane State Community College Oak Ridge - a Public Community feat. College Transfer & Career Preparation as well as Training Students in Advanced Manufacturing.
  • Minutes from Methodist Medical Center - a 301-Bed Regional Medical Center and one of the First Hospitals in East Tennessee to offer Cutting-edge Treatments and Quality Care. A Short Drive from Y-12 National Security Complex - Currently Employs 4,700 People and an additional 1,500 Personnel that Work Onsite as Employees of other Organizations.

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

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s) TN: 307629

    Tennessee

Financing By

Auto Service - Gas-Conv

Caliber Collision Center | Knoxville MSA | 15 Year Absolute Net Lease | Within Industrial Corridor

Listing Price: $1,880,224

Cap Rate
5.35%
Tenant Name
Caliber Collision
Years Remaining On Lease
14.4
Gross SF
11,430
Guarantor
Corporate Guarantee
Rentable SF
11,430
Price/Gross SF
$164.50
Lease Type
Absolute Net
Rent Per Square Feet
$8.80

Investment Highlights

  • 15 Year Absolute Net Lease (Zero Landlord Responsibilities) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options.
  • 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 Industrial & Retail Corridor. Features Easy Access and Excellent Visibility with Daily Traffic Counts Exceeding 18k Vehicles.
  • Near Numerous National Retailers including Walmart Supercenter, The Home Depot, Hobby Lobby, ALDI, Dick's Sporting Goods, TJ Maxx, Belk, Walgreens, CVS many more.
  • The Site is Located within Oak Ridge's Industrial Hub - Surrounded by many Light Industrial, Manufacturing Plants and Distribution Centers.
  • Close to Roane State Community College Oak Ridge - a Public Community feat. College Transfer & Career Preparation as well as Training Students in Advanced Manufacturing.
  • Minutes from Methodist Medical Center - a 301-Bed Regional Medical Center and one of the First Hospitals in East Tennessee to offer Cutting-edge Treatments and Quality Care. A Short Drive from Y-12 National Security Complex - Currently Employs 4,700 People and an additional 1,500 Personnel that Work Onsite as Employees of other Organizations.

Investment Overview

Oak Ridge is a city in Anderson and Roane counties in the eastern part of the U.S. state of Tennessee, about 25 miles west of downtown Knoxville. It is part of the Knoxville Metropolitan Area. Oak Ridge was established in 1942 as a production site for the Manhattan Project—the massive American, British, and Canadian operation that developed the atomic bomb. Being the site of Oak Ridge National Laboratory and Y-12 National Security Complex, scientific and technological development still plays a crucial role in the city’s economy and culture in general. In January 2020, the city council of Oak Ridge approved the “Wilson Street Corridor” project plan, intended to develop and construct a downtown area in the city situated along Wilson Street. The plan consists of a mixed-use development of retail, residential usage, and restaurants with a primary focus of multi-story residential space. The federal government projects at Oak Ridge are the city’s principal economic activity and one of the biggest employers in the Knoxville metropolitan area. The Department of Energy owns the federal sites and maintains a major office in the city.

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

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s): TN: 307629

    Tennessee

Financing By

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