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Auto Service - Gas-Conv

Caliber Collision | Kansas City MSA | 15 Year Absolute Net Lease | 2023 Construction | Affluent Area

14939 Metcalf Ave, Overland Park (Kansas City MSA), KS 66223

Listing Price: $5,791,667

Cap Rate
6.00%
Tenant Name
Caliber Collision
Years Remaining On Lease
15.3
Gross SF
16,100
Guarantor
Corporate Guarantee
Rentable SF
16,100
Price/Gross SF
$359.73
Lease Type
Absolute Net
Rent Per Square Feet
$21.55

Investment Overview

Overland Park is the second-most populous city in the U.S. state of Kansas. Located in Johnson County, Kansas, it is one of four principal cities in the Kansas City metropolitan area and the most populous suburb of Kansas City, Missouri. As of the 2020 census, the population of the city was 197,238. Overland Park is located in northeastern Kansas at the junction of Interstate 435 and U.S. Route 69 immediately east of Olathe, the county seat. The city center is roughly 13 miles south-southwest of downtown Kansas City, Missouri. The service sector constitutes most of the local economy. Health care, retail trade, professional and technical services, finance and insurance, and information technology are the city’s five largest industries. Companies with headquarters in the city include Yellow Corporation, Black & Veatch, Ash Grove Cement Company, and Compass Minerals. The city seeks to attract technology companies in particular, such as Netsmart Technologies which relocated its headquarters there in 2011. Restaurant chain Applebee’s was headquartered in the city from 1993 to 2007. It is also home to the Overland Park Xchange building, the 3rd largest office building in the Kansas City Metropolitan Area totalling 735,000 square feet of office space.

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 1,500 Locations in 40 States.
  • Dominant Leadership: Hellman & Friedman, Private Equity Firm with Over $25 Billion of Total Assets, is the Majority Owners after Merger.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $167k within a 3-Mile Radius and over 156k People Residing within a 5-Mile Radius.
  • Positioned Along Area's Retail & Traffic Corridor: Features Easy Access & Excellent Visibility with Daily Traffic Counts Exceeding 14k Vehicles.
  • Near Numerous National Retailers including Target, Walmart Supercenter, CVS Pharmacy, Price Chopper, Walgreens, Tuesday Morning and many 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

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s) KS: 00241410

    Kansas

Financing By

Auto Service - Gas-Conv

Caliber Collision | Kansas City MSA | 15 Year Absolute Net Lease | 2023 Construction | Affluent Area

Listing Price: $5,791,667

Cap Rate
6.00%
Tenant Name
Caliber Collision
Years Remaining On Lease
15.3
Gross SF
16,100
Guarantor
Corporate Guarantee
Rentable SF
16,100
Price/Gross SF
$359.73
Lease Type
Absolute Net
Rent Per Square Feet
$21.55

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 1,500 Locations in 40 States.
  • Dominant Leadership: Hellman & Friedman, Private Equity Firm with Over $25 Billion of Total Assets, is the Majority Owners after Merger.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $167k within a 3-Mile Radius and over 156k People Residing within a 5-Mile Radius.
  • Positioned Along Area's Retail & Traffic Corridor: Features Easy Access & Excellent Visibility with Daily Traffic Counts Exceeding 14k Vehicles.
  • Near Numerous National Retailers including Target, Walmart Supercenter, CVS Pharmacy, Price Chopper, Walgreens, Tuesday Morning and many more.
  • Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation.

Investment Overview

Overland Park is the second-most populous city in the U.S. state of Kansas. Located in Johnson County, Kansas, it is one of four principal cities in the Kansas City metropolitan area and the most populous suburb of Kansas City, Missouri. As of the 2020 census, the population of the city was 197,238. Overland Park is located in northeastern Kansas at the junction of Interstate 435 and U.S. Route 69 immediately east of Olathe, the county seat. The city center is roughly 13 miles south-southwest of downtown Kansas City, Missouri. The service sector constitutes most of the local economy. Health care, retail trade, professional and technical services, finance and insurance, and information technology are the city’s five largest industries. Companies with headquarters in the city include Yellow Corporation, Black & Veatch, Ash Grove Cement Company, and Compass Minerals. The city seeks to attract technology companies in particular, such as Netsmart Technologies which relocated its headquarters there in 2011. Restaurant chain Applebee’s was headquartered in the city from 1993 to 2007. It is also home to the Overland Park Xchange building, the 3rd largest office building in the Kansas City Metropolitan Area totalling 735,000 square feet of office space.

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

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s): KS: 00241410

    Kansas

Financing By

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