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Auto Service - Gas-Conv

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

2561 Pelham Pkwy, Pelham (Birmingham MSA), AL 35124

Listing Price: $5,709,360

Cap Rate
5.00%
Tenant Name
Caliber Collision
Years Remaining On Lease
15.4
Gross SF
16,100
Guarantor
Corporate Guarantee
Rentable SF
16,100
Price/Gross SF
$354.62
Lease Type
Absolute Net
Rent Per Square Feet
$17.73

Investment Overview

Pelham is a city in Shelby County, Alabama, United States. It incorporated in July 1964 and is a suburb located in the Birmingham metropolitan area, Alabama which was home to over 1.1 million residents as of the 2020 census. At the 2000 census the population was 14,369, and has grown to 24,318 by the 2020 census, nearly doubling. The Birmingham metropolitan area, sometimes known as Greater Birmingham, is a metropolitan area in north central Alabama centered on Birmingham, Alabama. The population of this metropolitan statistical area as of the 2020 census was 1,115,289, making it the 50th largest metropolitan statistical area in the United States as of that date. It is the 42nd largest population sub-region in the United States, and the largest population region in Alabama, constituting roughly 1/4 of the state’s population. It is the largest population region in Central Alabama. The northern counties of the metropolitan area overlap North Alabama known locally as the Tennessee Valley making it the largest metropolitan area in that region as well. Nearby counties Tuscaloosa, Etowah, and Calhoun, while not officially a part of Greater Birmingham, contribute significantly to the region’s economy. The Birmingham media market covers these counties as well. According to the List of metropolitan areas of Alabama, Birmingham is the largest urban area and metro in Alabama. Birmingham is part of the Piedmont Atlantic Megaregion containing an estimated 19 million people, while many residents also consider themselves part of the Deep South. It is classified as Southeast by the U.S. Census and also falls in the geographic area of the Upland South due to its location at the southern terminus of the Appalachian foothills. The entire MSA and CSA are within the congressional Appalachian Regional Commission’s definition of Appalachia.

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 $101k+ and more than 90k People Residing within a 5-Mile Radius.
  • Positioned Along Area's Major Industrial, Retail & Traffic Corridor: Features Direct Access and Excellent Visibility Along Hwy 119 with Daily Traffic Counts Exceeding 33k Vehicles.
  • 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 | Birmingham MSA | 15 Year Absolute Net Lease | Brand New 2022 Construction

Listing Price: $5,709,360

Cap Rate
5.00%
Tenant Name
Caliber Collision
Years Remaining On Lease
15.4
Gross SF
16,100
Guarantor
Corporate Guarantee
Rentable SF
16,100
Price/Gross SF
$354.62
Lease Type
Absolute Net
Rent Per Square Feet
$17.73

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 $101k+ and more than 90k People Residing within a 5-Mile Radius.
  • Positioned Along Area's Major Industrial, Retail & Traffic Corridor: Features Direct Access and Excellent Visibility Along Hwy 119 with Daily Traffic Counts Exceeding 33k Vehicles.
  • Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation.

Investment Overview

Pelham is a city in Shelby County, Alabama, United States. It incorporated in July 1964 and is a suburb located in the Birmingham metropolitan area, Alabama which was home to over 1.1 million residents as of the 2020 census. At the 2000 census the population was 14,369, and has grown to 24,318 by the 2020 census, nearly doubling. The Birmingham metropolitan area, sometimes known as Greater Birmingham, is a metropolitan area in north central Alabama centered on Birmingham, Alabama. The population of this metropolitan statistical area as of the 2020 census was 1,115,289, making it the 50th largest metropolitan statistical area in the United States as of that date. It is the 42nd largest population sub-region in the United States, and the largest population region in Alabama, constituting roughly 1/4 of the state’s population. It is the largest population region in Central Alabama. The northern counties of the metropolitan area overlap North Alabama known locally as the Tennessee Valley making it the largest metropolitan area in that region as well. Nearby counties Tuscaloosa, Etowah, and Calhoun, while not officially a part of Greater Birmingham, contribute significantly to the region’s economy. The Birmingham media market covers these counties as well. According to the List of metropolitan areas of Alabama, Birmingham is the largest urban area and metro in Alabama. Birmingham is part of the Piedmont Atlantic Megaregion containing an estimated 19 million people, while many residents also consider themselves part of the Deep South. It is classified as Southeast by the U.S. Census and also falls in the geographic area of the Upland South due to its location at the southern terminus of the Appalachian foothills. The entire MSA and CSA are within the congressional Appalachian Regional Commission’s definition of Appalachia.

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

Financing By

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