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Auto Service - Gas-Conv

Caliber Collision Center | Huntsville | 15 Year Absolute Net Lease | Brand New 2022 Construction

5510 Promenade Point Pkwy, Huntsville, AL 35758

Listing Price: $5,593,571

Cap Rate
4.90%
Tenant Name
Caliber Collision
Years Remaining On Lease
15.4
Gross SF
16,100
Guarantor
Corporate Guarantee
Rentable SF
16,100
Price/Gross SF
$347.43
Lease Type
Absolute Net
Rent Per Square Feet
$17.02

Investment Overview

Madison is a city located primarily in Madison County, near the northern border of the U.S. state of Alabama. Madison extends west into neighboring Limestone County. The city is included in the Huntsville Metropolitan Area, the second-largest in the state, and is also included in the merged Huntsville-Decatur Combined Statistical Area. As of the 2020 census, the population of the city was 56,933, up from 42,938 at the 2010 census. Madison is bordered by Huntsville on nearly all sides with minor unincorporated Madison and Limestone County pockets. Madison was mostly a small city for many years until Redstone Arsenal was established nearby, which attracted many people to the area for jobs. This rapidly increased the city’s population and stimulated economic growth. Madison is now the second-largest city north of the Tennessee River, behind only neighboring Huntsville. Many of Madison’s residents work in Research Park or the Redstone Arsenal. Madison has been one of the fastest-growing of the top 10 cities in Alabama and it is one of the wealthiest cities on average. Madison’s largest employer is Intergraph, a computer software company. It is a subsidiary of Hexagon, a Swedish software company that bought Intergraph in 2008 and invested in the city and area to improve it. Currently, they are working on a streetlight maintenance program for Madison. Thousands of Madison residents commute to jobs at Cummings Research Park and Redstone Arsenal in nearby Huntsville, about 12 miles away. The high-tech and academic positions in the area have attracted numerous highly educated, professional residents. Within the city limits, most of Madison’s businesses are retail, with stores and fast-food restaurants lining US 72 to the north and Madison Boulevard to the south.

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 1,400 Locations in 40 States.
  • Dominant Leadership: Hellman & Friedman, Private Equity Firm with Over $25 Billion of Total Assets, is the Majority Owners after Merger.
  • Densely Populated and Affluent Area: Features an Average Household Income of $123k+ within a 3-Mile Radius and more than 98k People Residing within a 5-Mile Radius.
  • Madison has become the Fastest Growing City in the State. The growth of Madison has drawn the attention of more than 1,000 Businesses now Operating within its City Limits.
  • Walking Distance from Clift Farm - a Brand New Mixed-Use Development offering a wide variety of Residential Housing, Nature Trails, Retail Village, Restaurants and more.
  • Down the Street from Madison Hospital - a 90-Bed Hospital and Medical Center that serves as the Regional Referral Center for North Alabama and Southern Tennessee.
  • Across from Walmart Supercenter and Near Numerous other National Retailers including Target, Lowe's, Home Depot, Kohl's, Publix, Academy Sports, Hobby Lobby and many more. Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation.

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Financing By

Auto Service - Gas-Conv

Caliber Collision Center | Huntsville | 15 Year Absolute Net Lease | Brand New 2022 Construction

Listing Price: $5,593,571

Cap Rate
4.90%
Tenant Name
Caliber Collision
Years Remaining On Lease
15.4
Gross SF
16,100
Guarantor
Corporate Guarantee
Rentable SF
16,100
Price/Gross SF
$347.43
Lease Type
Absolute Net
Rent Per Square Feet
$17.02

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 1,400 Locations in 40 States.
  • Dominant Leadership: Hellman & Friedman, Private Equity Firm with Over $25 Billion of Total Assets, is the Majority Owners after Merger.
  • Densely Populated and Affluent Area: Features an Average Household Income of $123k+ within a 3-Mile Radius and more than 98k People Residing within a 5-Mile Radius.
  • Madison has become the Fastest Growing City in the State. The growth of Madison has drawn the attention of more than 1,000 Businesses now Operating within its City Limits.
  • Walking Distance from Clift Farm - a Brand New Mixed-Use Development offering a wide variety of Residential Housing, Nature Trails, Retail Village, Restaurants and more.
  • Down the Street from Madison Hospital - a 90-Bed Hospital and Medical Center that serves as the Regional Referral Center for North Alabama and Southern Tennessee.
  • Across from Walmart Supercenter and Near Numerous other National Retailers including Target, Lowe's, Home Depot, Kohl's, Publix, Academy Sports, Hobby Lobby and many more. Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation.

Investment Overview

Madison is a city located primarily in Madison County, near the northern border of the U.S. state of Alabama. Madison extends west into neighboring Limestone County. The city is included in the Huntsville Metropolitan Area, the second-largest in the state, and is also included in the merged Huntsville-Decatur Combined Statistical Area. As of the 2020 census, the population of the city was 56,933, up from 42,938 at the 2010 census. Madison is bordered by Huntsville on nearly all sides with minor unincorporated Madison and Limestone County pockets. Madison was mostly a small city for many years until Redstone Arsenal was established nearby, which attracted many people to the area for jobs. This rapidly increased the city’s population and stimulated economic growth. Madison is now the second-largest city north of the Tennessee River, behind only neighboring Huntsville. Many of Madison’s residents work in Research Park or the Redstone Arsenal. Madison has been one of the fastest-growing of the top 10 cities in Alabama and it is one of the wealthiest cities on average. Madison’s largest employer is Intergraph, a computer software company. It is a subsidiary of Hexagon, a Swedish software company that bought Intergraph in 2008 and invested in the city and area to improve it. Currently, they are working on a streetlight maintenance program for Madison. Thousands of Madison residents commute to jobs at Cummings Research Park and Redstone Arsenal in nearby Huntsville, about 12 miles away. The high-tech and academic positions in the area have attracted numerous highly educated, professional residents. Within the city limits, most of Madison’s businesses are retail, with stores and fast-food restaurants lining US 72 to the north and Madison Boulevard to the south.

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

Financing By

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