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Auto Parts

Caliber Auto Care | 10+ Year Corporate NNN Lease

2044 S Mason Rd, Katy, TX 77450

Listing Price: $5,260,000

Cap Rate
5.35%
Tenant Name
Caliber Collision
Years Remaining On Lease
10.5
Guarantor
Corporate Guarantee
Rentable SF
10,540
Lease Type
Absolute Net
Rent Per Square Feet
$26.70

Investment Overview

Caliber Auto Care was designed by a team of customer service experts on a mission to change the image of the automotive service industry. The centers make quick oil changes, tire issues, unexpected check engine lights, mechanical repairs, and state inspections easier and more convenient than ever. They also offer five-star amenities such as an enclosed indoor children’s playground, Starbucks® coffee, shuttle service/valet, a business center with free WiFi, optional contactless drop off services, and is pet friendly. Katy, Texas is one of the fastest-growing and most desirable suburbs in the Houston area. The area is well linked by the Katy Freeway (I-10), the Grand Parkway and the Westpark Tollway link Katy to the nearby Energy Corridor and all of Houston. The energy corridor, just a few miles east of Katy is the region’s second largest employment center, with over 94,000 employees and over 300 companies, including BP, ConocoPhillips, Citgo, Sysco, Shell and Dow Chemical.

Investment Highlights

  • Over 10 years remaining on a true NNN lease
  • Built in 2018 specifically for Caliber Auto Care on a highly visible corner
  • 10% rent increases every 5 years (next increase August 1st, 2023)
  • Excellent Visibility - Mason Rd is the main North South retail trade corridor of the region
  • Caliber Auto Care shares the same Strong Corporate Guarantee with all 1600+ Caliber Locations
  • Easy access to 1-10 (Katy Freeway) with Multiple points of Ingress/Egress
  • Surrounded by major National retailers and dense suburban population (17,000+ within 1 mile)
  • Katy, Texas is an affluent suburb, just 30 Miles West of Downtown Houston, with a rapidly growing population and economy

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Financing By

Auto Parts

Caliber Auto Care | 10+ Year Corporate NNN Lease

Listing Price: $5,260,000

Cap Rate
5.35%
Tenant Name
Caliber Collision
Years Remaining On Lease
10.5
Guarantor
Corporate Guarantee
Rentable SF
10,540
Lease Type
Absolute Net
Rent Per Square Feet
$26.70

Investment Highlights

  • Over 10 years remaining on a true NNN lease
  • Built in 2018 specifically for Caliber Auto Care on a highly visible corner
  • 10% rent increases every 5 years (next increase August 1st, 2023)
  • Excellent Visibility - Mason Rd is the main North South retail trade corridor of the region
  • Caliber Auto Care shares the same Strong Corporate Guarantee with all 1600+ Caliber Locations
  • Easy access to 1-10 (Katy Freeway) with Multiple points of Ingress/Egress
  • Surrounded by major National retailers and dense suburban population (17,000+ within 1 mile)
  • Katy, Texas is an affluent suburb, just 30 Miles West of Downtown Houston, with a rapidly growing population and economy

Investment Overview

Caliber Auto Care was designed by a team of customer service experts on a mission to change the image of the automotive service industry. The centers make quick oil changes, tire issues, unexpected check engine lights, mechanical repairs, and state inspections easier and more convenient than ever. They also offer five-star amenities such as an enclosed indoor children’s playground, Starbucks® coffee, shuttle service/valet, a business center with free WiFi, optional contactless drop off services, and is pet friendly. Katy, Texas is one of the fastest-growing and most desirable suburbs in the Houston area. The area is well linked by the Katy Freeway (I-10), the Grand Parkway and the Westpark Tollway link Katy to the nearby Energy Corridor and all of Houston. The energy corridor, just a few miles east of Katy is the region’s second largest employment center, with over 94,000 employees and over 300 companies, including BP, ConocoPhillips, Citgo, Sysco, Shell and Dow Chemical.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

Financing By

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