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Auto Service - Gas-Conv

Caliber Collision Center | Ohio | 15 Year Absolute Net Lease | 2022 Renovation | Affluent Area

15199 US-224, Findlay, OH 45840

Listing Price: $4,361,533

Cap Rate
5.35%
Tenant Name
Caliber Collision
Years Remaining On Lease
15.3
Gross SF
13,639
Guarantor
Corporate Guarantee
Rentable SF
13,639
Price/Gross SF
$319.78
Lease Type
Absolute Net
Rent Per Square Feet
$17.11

Investment Overview

Findlay is a city in and the county seat of Hancock County, Ohio. The second-largest city in Northwest Ohio, Findlay lies about 40 miles south of Toledo. The population was 40,313 at the 2020 census. It is home to the University of Findlay and is the principal city of the Findlay, OH Micropolitan Statistical Area. Findlay is the Headquarters of Fortune 1000 companies Marathon Petroleum and Cooper Tire & Rubber Company (founded in 1914, which specializes in the design, manufacture, marketing, and sales of replacement automobile and truck tires, and subsidiaries that specialize in medium truck, motorcycle, and racing tires), who rank 22 and 830 on the list respectively. The City is home to a Kohl’s department store distribution center, which is Kohl’s oldest distribution center after the recent closing of the original one in Wisconsin, Whirlpool dishwasher manufacturing plant and distribution center (this plant is considered to be the largest dishwasher plant in the world (based on production) and several other major distribution centers including Best Buy, Lowe’s, and Campbell Soup Company.

Investment Highlights

  • 15 Year 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 1,400 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 Retail & Traffic Corridor. Features Easy Access and Excellent Visibility with Daily Traffic Counts Exceeding 19k Vehicles.
  • In Close Proximity to Numerous Auto Dealerships and Auto Service Centers including Nissan, Honda, Toyota, Subaru and many more.
  • Affluent Area: Features an Average Household Income of more than $87k within a 1-Mile Radius.
  • Minutes from Findlay Village Mall - a 537k+ Sq. Ft. Shopping Center featuring more than 40 Retail Stores and Restaurants. Across Tractor Supply, Menards and near other National Retailers including Walmart Supercenter, Meijer, Lowe's, Hobby Lobby, Kroger, Gabe's and more.
  • Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation.

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

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s) OH: BRK.2007005898

    Ohio

Financing By

Auto Service - Gas-Conv

Caliber Collision Center | Ohio | 15 Year Absolute Net Lease | 2022 Renovation | Affluent Area

Listing Price: $4,361,533

Cap Rate
5.35%
Tenant Name
Caliber Collision
Years Remaining On Lease
15.3
Gross SF
13,639
Guarantor
Corporate Guarantee
Rentable SF
13,639
Price/Gross SF
$319.78
Lease Type
Absolute Net
Rent Per Square Feet
$17.11

Investment Highlights

  • 15 Year 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 1,400 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 Retail & Traffic Corridor. Features Easy Access and Excellent Visibility with Daily Traffic Counts Exceeding 19k Vehicles.
  • In Close Proximity to Numerous Auto Dealerships and Auto Service Centers including Nissan, Honda, Toyota, Subaru and many more.
  • Affluent Area: Features an Average Household Income of more than $87k within a 1-Mile Radius.
  • Minutes from Findlay Village Mall - a 537k+ Sq. Ft. Shopping Center featuring more than 40 Retail Stores and Restaurants. Across Tractor Supply, Menards and near other National Retailers including Walmart Supercenter, Meijer, Lowe's, Hobby Lobby, Kroger, Gabe's and more.
  • Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation.

Investment Overview

Findlay is a city in and the county seat of Hancock County, Ohio. The second-largest city in Northwest Ohio, Findlay lies about 40 miles south of Toledo. The population was 40,313 at the 2020 census. It is home to the University of Findlay and is the principal city of the Findlay, OH Micropolitan Statistical Area. Findlay is the Headquarters of Fortune 1000 companies Marathon Petroleum and Cooper Tire & Rubber Company (founded in 1914, which specializes in the design, manufacture, marketing, and sales of replacement automobile and truck tires, and subsidiaries that specialize in medium truck, motorcycle, and racing tires), who rank 22 and 830 on the list respectively. The City is home to a Kohl’s department store distribution center, which is Kohl’s oldest distribution center after the recent closing of the original one in Wisconsin, Whirlpool dishwasher manufacturing plant and distribution center (this plant is considered to be the largest dishwasher plant in the world (based on production) and several other major distribution centers including Best Buy, Lowe’s, and Campbell Soup Company.

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

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s): OH: BRK.2007005898

    Ohio

Financing By

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