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Auto Parts

Caliber Collision | Brand New Construction

3454 N Detroit St, Warsaw, IN 46582

Listing Price: $5,183,850

Cap Rate
5.75%
Tenant Name
Caliber Collision
Years Remaining On Lease
15.0
Guarantor
Corporate Guarantee
Rentable SF
14,704
Lease Type
Absolute Net
Rent Per Square Feet
$20.27

Investment Overview

This opportunity provides a qualified buyer with a long term and secure investment, featuring brand new built-to-suit construction. Caliber Collision is expecting a January 2023 lease start, offering 15 years on a true NNN lease, with zero landlord responsibilities. The lease also calls for two 5-year renewal options and 10% rent bumps every 5-years, to hedge against inflation. Caliber Collision is the industry leader for automotive repair in the U.S. with over 1,500 locations across 40 states.

Investment Highlights

  • 15-Year NNN Lease with Zero Landlord Responsibilities
  • Warsaw is the County Seat of Kosciusko, is 35 miles northwest of Fort Wayne, and has a County population of nearly 80,000 people
  • Recession and Amazon-proof investment which qualifies for accelerated depreciation, with a Strong Corporate Guaranty from the leading Auto Body Repair Provider in the US
  • Near several auto dealerships (Buick/GMC, Toyota, Ford, Chevy & Nissan) as well as Walmart & Lowe's near the site
  • Site located diagonally across N. Detroit Street from a power center with Kohl's, TJ Maxx, Petsmart, Ulta, Dollar Tree, etc.
  • The nearest Caliber Collision location is over 50 miles away in Elkhart

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Financing By

Auto Parts

Caliber Collision | Brand New Construction

Listing Price: $5,183,850

Cap Rate
5.75%
Tenant Name
Caliber Collision
Years Remaining On Lease
15.0
Guarantor
Corporate Guarantee
Rentable SF
14,704
Lease Type
Absolute Net
Rent Per Square Feet
$20.27

Investment Highlights

  • 15-Year NNN Lease with Zero Landlord Responsibilities
  • Warsaw is the County Seat of Kosciusko, is 35 miles northwest of Fort Wayne, and has a County population of nearly 80,000 people
  • Recession and Amazon-proof investment which qualifies for accelerated depreciation, with a Strong Corporate Guaranty from the leading Auto Body Repair Provider in the US
  • Near several auto dealerships (Buick/GMC, Toyota, Ford, Chevy & Nissan) as well as Walmart & Lowe's near the site
  • Site located diagonally across N. Detroit Street from a power center with Kohl's, TJ Maxx, Petsmart, Ulta, Dollar Tree, etc.
  • The nearest Caliber Collision location is over 50 miles away in Elkhart

Investment Overview

This opportunity provides a qualified buyer with a long term and secure investment, featuring brand new built-to-suit construction. Caliber Collision is expecting a January 2023 lease start, offering 15 years on a true NNN lease, with zero landlord responsibilities. The lease also calls for two 5-year renewal options and 10% rent bumps every 5-years, to hedge against inflation. Caliber Collision is the industry leader for automotive repair in the U.S. with over 1,500 locations across 40 states.

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

Financing By

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