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Auto Service - Gas-Conv

Caliber Collision | Mobile, AL | Long Term Absolute Net Lease | 2021 Renovation | Near Dealerships

2953 Government Blvd, Mobile, AL 36606

Listing Price: $2,477,683

Cap Rate
6.00%
Tenant Name
Caliber Collision
Years Remaining On Lease
13.8
Gross SF
34,223
Guarantor
Corporate Guarantee
Rentable SF
34,223
Price/Gross SF
$72.40
Lease Type
Absolute Net
Rent Per Square Feet
$4.34

Investment Overview

Mobile is the county seat of Mobile County, Alabama. The population within the city limits was 187,041 at the 2020 census. It is the fourth-most-populous city in Alabama, after Huntsville, Birmingham, and Montgomery. Alabama’s only saltwater port, Mobile is located on the Mobile River at the head of Mobile Bay on the north-central Gulf Coast. The Port of Mobile has always played a key role in the economic health of the city, beginning with the settlement as an important trading center between the French colonists and Native Americans, down to its current role as the 12th-largest port in the United States. Mobile is the principal municipality of the Mobile metropolitan area. This region of 430,197 residents is composed Mobile and Washington counties; it is the third-largest metropolitan statistical area in the state. Mobile is the largest city in the Mobile–Daphne-Fairhope Combined Statistical Area, with a total population of 661,964, the second largest such area fully in the state. Considered one of the Gulf Coast’s cultural centers, Mobile has several art museums, a symphony orchestra, professional opera, professional ballet company, and a large concentration of historic architecture. Mobile is known for having the oldest organized Carnival or Mardi Gras celebrations in the United States. Alabama’s French Creole population celebrated this festival from the first decade of the 18th century. Beginning in 1830, Mobile was host to the first formally organized Carnival mystic society to celebrate with a parade in the United States.

Investment Highlights

  • Long Term Absolute Net Lease (Zero Landlord Responsibilities) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. 2021 Renovation.
  • Caliber Collision Recently Merged with ABRA creating a Leading Collision Repair Chain of more than 1,500 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 w/ Daily Traffic Counts Exceeding 24k VPD. Immediate Access to/from Interstate-65 (84k+ VPD).
  • Directly Across from a BMW Dealership and Surrounded by Numerous other Auto Dealerships and Auto Service Centers including Chevrolet, Lexus, Toyota, Mazda, Kia, Chrysler, Dodge, Volkswagen and more.
  • Densely Populated Area: Features more than 146k People Residing within a 5-Mile Radius.
  • Near Numerous National Retailers including Costco, Dick's Sporting Goods, Best Buy, Ross, Walmart Neighborhood Market, Hobby Lobby, Petco and many more.
  • Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation. Minutes from The Shoppes at Bel Air - a 1.3M Sq. Ft. Super-Regional shopping Center Anchored by Target, Belk, Dillard's and features more than 130 Stores and Restaurants.

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Financing By

Auto Service - Gas-Conv

Caliber Collision | Mobile, AL | Long Term Absolute Net Lease | 2021 Renovation | Near Dealerships

Listing Price: $2,477,683

Cap Rate
6.00%
Tenant Name
Caliber Collision
Years Remaining On Lease
13.8
Gross SF
34,223
Guarantor
Corporate Guarantee
Rentable SF
34,223
Price/Gross SF
$72.40
Lease Type
Absolute Net
Rent Per Square Feet
$4.34

Investment Highlights

  • Long Term Absolute Net Lease (Zero Landlord Responsibilities) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. 2021 Renovation.
  • Caliber Collision Recently Merged with ABRA creating a Leading Collision Repair Chain of more than 1,500 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 w/ Daily Traffic Counts Exceeding 24k VPD. Immediate Access to/from Interstate-65 (84k+ VPD).
  • Directly Across from a BMW Dealership and Surrounded by Numerous other Auto Dealerships and Auto Service Centers including Chevrolet, Lexus, Toyota, Mazda, Kia, Chrysler, Dodge, Volkswagen and more.
  • Densely Populated Area: Features more than 146k People Residing within a 5-Mile Radius.
  • Near Numerous National Retailers including Costco, Dick's Sporting Goods, Best Buy, Ross, Walmart Neighborhood Market, Hobby Lobby, Petco and many more.
  • Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation. Minutes from The Shoppes at Bel Air - a 1.3M Sq. Ft. Super-Regional shopping Center Anchored by Target, Belk, Dillard's and features more than 130 Stores and Restaurants.

Investment Overview

Mobile is the county seat of Mobile County, Alabama. The population within the city limits was 187,041 at the 2020 census. It is the fourth-most-populous city in Alabama, after Huntsville, Birmingham, and Montgomery. Alabama’s only saltwater port, Mobile is located on the Mobile River at the head of Mobile Bay on the north-central Gulf Coast. The Port of Mobile has always played a key role in the economic health of the city, beginning with the settlement as an important trading center between the French colonists and Native Americans, down to its current role as the 12th-largest port in the United States. Mobile is the principal municipality of the Mobile metropolitan area. This region of 430,197 residents is composed Mobile and Washington counties; it is the third-largest metropolitan statistical area in the state. Mobile is the largest city in the Mobile–Daphne-Fairhope Combined Statistical Area, with a total population of 661,964, the second largest such area fully in the state. Considered one of the Gulf Coast’s cultural centers, Mobile has several art museums, a symphony orchestra, professional opera, professional ballet company, and a large concentration of historic architecture. Mobile is known for having the oldest organized Carnival or Mardi Gras celebrations in the United States. Alabama’s French Creole population celebrated this festival from the first decade of the 18th century. Beginning in 1830, Mobile was host to the first formally organized Carnival mystic society to celebrate with a parade in the United States.

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

Financing By

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