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Auto Service - Gas-Conv

Caliber Collision | Kansas City MSA | 15 Yr Absolute Net Lease | 2022 Renovation | Near Dealerships

410 SE Douglas St, Lee's Summit (Kansas City MSA), MO 64063

Listing Price: $2,413,133

Cap Rate
6.00%
Tenant Name
Caliber Collision
Years Remaining On Lease
14.3
Gross SF
10,508
Guarantor
Corporate Guarantee
Rentable SF
10,508
Price/Gross SF
$229.65
Lease Type
Absolute Net
Rent Per Square Feet
$13.78

Investment Overview

Lee’s Summit is a city located within the counties of Jackson (primarily) and Cass in the U.S. state of Missouri. As of the 2020 census its population was 101,108, making it the sixth-largest city in both the state and in the Kansas City Metropolitan Area. The Kansas City metropolitan area is a bi-state metropolitan area anchored by Kansas City, Missouri. Its 14 counties straddle the border between the U.S. states of Missouri (9 counties) and Kansas (5 counties). With 8,472 square miles and a population of more than 2.2 million people, it is the second-largest metropolitan area centered in Missouri (after Greater St. Louis) and is the largest metropolitan area in Kansas, though Wichita is the largest metropolitan area centered in Kansas.Alongside Kansas City, Missouri, these are the suburbs with populations above 100,000: Overland Park, Kansas; Kansas City, Kansas; Olathe, Kansas; Independence, Missouri; and Lee’s Summit, Missouri.

Investment Highlights

  • 15 Year Absolute Net Lease (Zero Landlord Responsibilities) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. 2022 Renovation.
  • 15 Year Absolute Net Lease (Zero Landlord Responsibilities) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. 2022 Renovation.
  • Caliber Collision Recently Merged with ABRA creating a Leading Collision Repair Chain of more than 1,500 Locations in 40 States.
  • Surrounded by Industrial, Light Manufacturing Plants & Centers. Features Easy Access and Excellent Visibility. Immediate Access to/from US-Highway 50 (69k+ VPD) and near Rte-291 (24k+ VPD).
  • In Close Proximity to Numerous Auto Dealerships and Auto Service Centers including Chevrolet, Nissan, Mazda, Dodge, Chrysler, Jeep and more.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $110k and over 96k People Residing within a 5-Mile Radius.
  • 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

  • David Saverin

    Regional Manager

    (314) 889-2500

    License(s) MO: 2008013520

    Missouri

Financing By

Auto Service - Gas-Conv

Caliber Collision | Kansas City MSA | 15 Yr Absolute Net Lease | 2022 Renovation | Near Dealerships

Listing Price: $2,413,133

Cap Rate
6.00%
Tenant Name
Caliber Collision
Years Remaining On Lease
14.3
Gross SF
10,508
Guarantor
Corporate Guarantee
Rentable SF
10,508
Price/Gross SF
$229.65
Lease Type
Absolute Net
Rent Per Square Feet
$13.78

Investment Highlights

  • 15 Year Absolute Net Lease (Zero Landlord Responsibilities) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. 2022 Renovation.
  • 15 Year Absolute Net Lease (Zero Landlord Responsibilities) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. 2022 Renovation.
  • Caliber Collision Recently Merged with ABRA creating a Leading Collision Repair Chain of more than 1,500 Locations in 40 States.
  • Surrounded by Industrial, Light Manufacturing Plants & Centers. Features Easy Access and Excellent Visibility. Immediate Access to/from US-Highway 50 (69k+ VPD) and near Rte-291 (24k+ VPD).
  • In Close Proximity to Numerous Auto Dealerships and Auto Service Centers including Chevrolet, Nissan, Mazda, Dodge, Chrysler, Jeep and more.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $110k and over 96k People Residing within a 5-Mile Radius.
  • Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation.

Investment Overview

Lee’s Summit is a city located within the counties of Jackson (primarily) and Cass in the U.S. state of Missouri. As of the 2020 census its population was 101,108, making it the sixth-largest city in both the state and in the Kansas City Metropolitan Area. The Kansas City metropolitan area is a bi-state metropolitan area anchored by Kansas City, Missouri. Its 14 counties straddle the border between the U.S. states of Missouri (9 counties) and Kansas (5 counties). With 8,472 square miles and a population of more than 2.2 million people, it is the second-largest metropolitan area centered in Missouri (after Greater St. Louis) and is the largest metropolitan area in Kansas, though Wichita is the largest metropolitan area centered in Kansas.Alongside Kansas City, Missouri, these are the suburbs with populations above 100,000: Overland Park, Kansas; Kansas City, Kansas; Olathe, Kansas; Independence, Missouri; and Lee’s Summit, Missouri.

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

  • David Saverin

    Regional Manager

    (314) 889-2500

    License(s): MO: 2008013520

    Missouri

Financing By

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