Auto Parts
Caliber Collision
415 N Towanda Ave, Normal, IL 61761
Listing Price: $2,314,740
Cap Rate
5.00%
Tenant Name
Caliber Collision
Years Remaining On Lease
14.0
Guarantor
Corporate Guarantee
Rentable SF
11,200
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$10.33
Investment Overview
This NNN lease commenced in July of 2021 and has 14 years remaining, and has a corporate guarantee from the industry leader in auto repair. Zero landlord responsibilities makes for a truly passive investment opportunity.
Caliber Collision
Investment Highlights
- True NNN Lease - Zero Landlord Obligations
- Long Term Investment - 14 Years Remaining with Secure and Passive Income
- Corporate Guaranty from the Industry Leading Auto Body Repair Provider
- ABRA Merger with Caliber Collision created a Leading Collision Repair Chain, now with 1,500 locations in 40 States
- Rent Increases to Hedge Against Inflation - 10% Every 5 Years
- Part of the Bloomington MSA with over 124,000 Residents within a 5-Mile Radius
- Strategically Located - 1.8 Miles from Illinois State University with over 20,000 students enrolled
- Directly Adjacent to the Bloomington-Normal Auto Mall, and near the Bridgestone Tire Manufacturing Facility
Exclusively Listed By
Broker of Record
-
Steven D. Weinstock
First Vice President / Regional Manager / Designated Managing Broker
Financing By
Listing Price: $2,314,740
Cap Rate
5.00%
Tenant Name
Caliber Collision
Years Remaining On Lease
14.0
Guarantor
Corporate Guarantee
Rentable SF
11,200
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$10.33
Investment Highlights
- True NNN Lease - Zero Landlord Obligations
- Long Term Investment - 14 Years Remaining with Secure and Passive Income
- Corporate Guaranty from the Industry Leading Auto Body Repair Provider
- ABRA Merger with Caliber Collision created a Leading Collision Repair Chain, now with 1,500 locations in 40 States
- Rent Increases to Hedge Against Inflation - 10% Every 5 Years
- Part of the Bloomington MSA with over 124,000 Residents within a 5-Mile Radius
- Strategically Located - 1.8 Miles from Illinois State University with over 20,000 students enrolled
- Directly Adjacent to the Bloomington-Normal Auto Mall, and near the Bridgestone Tire Manufacturing Facility
Investment Overview
This NNN lease commenced in July of 2021 and has 14 years remaining, and has a corporate guarantee from the industry leader in auto repair. Zero landlord responsibilities makes for a truly passive investment opportunity.
Exclusively Listed By
Broker of Record
-
Steven D. Weinstock
First Vice President / Regional Manager / Designated Managing Broker
Financing By
