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Auto Service - Gas-Conv

Caliber Collision Center | Montana | 15 Year Absolute Net Lease | Brand New 2023 Construction

4130 Kari Lane, Billings, MT 59106

Listing Price: $6,229,640

Cap Rate
5.00%
Tenant Name
Caliber Collision
Years Remaining On Lease
15.3
Gross SF
18,600
Guarantor
Corporate Guarantee
Rentable SF
18,600
Price/Gross SF
$334.93
Lease Type
Absolute Net
Rent Per Square Feet
$16.75

Investment Overview

Billings is the largest city in the U.S. state of Montana, with a population of 117,116 as of the 2020 census. Located in the south-central portion of the state, it is the seat of Yellowstone County and the principal city of the Billings Metropolitan Area, which had an population of 184,167 in the 2020 census. It has a trade area of over 500,000. Billings was nicknamed the “Magic City” because of its rapid growth from its founding as a railroad town in March 1882. With one of the largest trade areas in the United States, Billings is the trade and distribution center for much of Montana east of the Continental Divide, Northern Wyoming, and western portions of North Dakota and South Dakota. Billings is also the largest retail destination for much of the same area. The city is experiencing rapid growth and a strong economy; it has had and is continuing to have the largest growth of any city in Montana. Parts of the metro area are seeing hyper growth. From 2000 to 2010 Lockwood, an eastern suburb, saw growth of 57.8%, the largest growth rate of any community in Montana. Billings has avoided the economic downturn that affected most of the nation from 2008 to 2012 as well as the housing bust. With more hotel accommodations than any area within a five-state region, the city hosts a variety of conventions, concerts, sporting events, and other rallies. With the Bakken oil development in eastern Montana and western North Dakota, the largest oil discovery in U.S. history, as well as the Heath shale oil discovery just north of Billings, the city’s growth rate stayed high during the shale oil boom. Although the city is growing, its growth rate has diminished markedly with oil price declines in recent years.

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 2023 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.
  • Immediate Area Experiencing Major Growth: Located in a Rapidly Growing Community with Robust Demographics - Near Several Large Retail, Medical & Housing Developments Under Construction
  • Across from GMC, Kia and in Close Proximity to Numerous other Auto Dealerships and Auto Service Centers including Chevrolet, Mercedes, Subaru, Nissan, Honda, Hyundai and more.
  • The City of Billings is Experiencing Rapid Growth and a Strong economy; it has had and is Continuing to have the Largest Growth of any city in Montana.
  • Down the Street from City College at Montana State University Billings - the State's third Largest University that offers more than 100 Specialized Programs.
  • Near Numerous National Retailers including Walmart Supercenter, Home Depot, Best Buy, Costco, Lowe's, REI, Kohl's and more. Minutes from Rimrock Mall (60+ Stores). 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

  • Adam Christofferson

    Senior Vice President/Division Manager

    (801) 736-2600

    License(s) MT: RRE-BRO-LIC-15748

    Montana

Financing By

Auto Service - Gas-Conv

Caliber Collision Center | Montana | 15 Year Absolute Net Lease | Brand New 2023 Construction

Listing Price: $6,229,640

Cap Rate
5.00%
Tenant Name
Caliber Collision
Years Remaining On Lease
15.3
Gross SF
18,600
Guarantor
Corporate Guarantee
Rentable SF
18,600
Price/Gross SF
$334.93
Lease Type
Absolute Net
Rent Per Square Feet
$16.75

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 2023 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.
  • Immediate Area Experiencing Major Growth: Located in a Rapidly Growing Community with Robust Demographics - Near Several Large Retail, Medical & Housing Developments Under Construction
  • Across from GMC, Kia and in Close Proximity to Numerous other Auto Dealerships and Auto Service Centers including Chevrolet, Mercedes, Subaru, Nissan, Honda, Hyundai and more.
  • The City of Billings is Experiencing Rapid Growth and a Strong economy; it has had and is Continuing to have the Largest Growth of any city in Montana.
  • Down the Street from City College at Montana State University Billings - the State's third Largest University that offers more than 100 Specialized Programs.
  • Near Numerous National Retailers including Walmart Supercenter, Home Depot, Best Buy, Costco, Lowe's, REI, Kohl's and more. Minutes from Rimrock Mall (60+ Stores). Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation.

Investment Overview

Billings is the largest city in the U.S. state of Montana, with a population of 117,116 as of the 2020 census. Located in the south-central portion of the state, it is the seat of Yellowstone County and the principal city of the Billings Metropolitan Area, which had an population of 184,167 in the 2020 census. It has a trade area of over 500,000. Billings was nicknamed the “Magic City” because of its rapid growth from its founding as a railroad town in March 1882. With one of the largest trade areas in the United States, Billings is the trade and distribution center for much of Montana east of the Continental Divide, Northern Wyoming, and western portions of North Dakota and South Dakota. Billings is also the largest retail destination for much of the same area. The city is experiencing rapid growth and a strong economy; it has had and is continuing to have the largest growth of any city in Montana. Parts of the metro area are seeing hyper growth. From 2000 to 2010 Lockwood, an eastern suburb, saw growth of 57.8%, the largest growth rate of any community in Montana. Billings has avoided the economic downturn that affected most of the nation from 2008 to 2012 as well as the housing bust. With more hotel accommodations than any area within a five-state region, the city hosts a variety of conventions, concerts, sporting events, and other rallies. With the Bakken oil development in eastern Montana and western North Dakota, the largest oil discovery in U.S. history, as well as the Heath shale oil discovery just north of Billings, the city’s growth rate stayed high during the shale oil boom. Although the city is growing, its growth rate has diminished markedly with oil price declines in recent years.

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

  • Adam Christofferson

    Senior Vice President/Division Manager

    (801) 736-2600

    License(s): MT: RRE-BRO-LIC-15748

    Montana

Financing By

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