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Auto Service - Gas-Conv

Caliber Collision | Coastal Texas | 15 Year Absolute Net Lease | Brand New 2023 Construction

W of US 77 and S of Zac Lentz Pkwy Victoria, TX 77904, Victoria (Gulf of Mexico), TX 77904

Listing Price: $4,491,667

Cap Rate
6.00%
Tenant Name
Caliber Collision
Years Remaining On Lease
15.3
Gross SF
11,594
Guarantor
Corporate Guarantee
Rentable SF
11,594
Price/Gross SF
$387.41
Lease Type
Absolute Net
Rent Per Square Feet
$23.24

Investment Overview

Victoria is a city in South Texas and county seat of Victoria County, Texas. The population was 65,534 as of the 2020 census. The three counties of the Victoria Metropolitan Statistical Area had a population of 111,163 as of the 2000 census. Victoria is located 30 miles inland from the Gulf of Mexico. Victoria is a two-hour drive from Corpus Christi, Houston, San Antonio, and Austin. Victoria’s economy is a mix of education, health, retail, agriculture, and industry. Its access to major highways, the Victoria Regional Airport, railway terminals, the shallow draft Port of Victoria, and the deep water Port of Port Lavaca-Point Comfort help to sustain a healthy environment for business. Major industrial employers in the region include Formosa Plastics Corp, Inteplast Group, Dow, Invista, Caterpillar and Alcoa.

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.
  • Positioned Near Area's Retail & Traffic Corridor. Features Easy Access and Excellent Visibility Along Zac Lentz Pkwy/TX-463 with Daily Traffic Counts Exceeding 33k Vehicles.
  • Walking Distance from The Victoria Mall - a 678k+ SF Major Fully Enclosed Shopping Center featuring a variety of Retail and Dining Options.
  • Affluent Area: Features an Average Household Income of more than $109k within a 1-Mile Radius.
  • Located Across from a Target & Petsmart Anchored Retail Center and near Numerous other National Retailers including The Home Depot, Walmart Supercenter, Sam's Club, Hobby Lobby and many more. In Addition to Several Recently Completed Communities in Victoria, the Property is East and adjacent to the new Aria Victoria 250 Unit Apartment Complex.
  • 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

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3100

    License(s) TX: 0606255

    Texas

Financing By

Auto Service - Gas-Conv

Caliber Collision | Coastal Texas | 15 Year Absolute Net Lease | Brand New 2023 Construction

Listing Price: $4,491,667

Cap Rate
6.00%
Tenant Name
Caliber Collision
Years Remaining On Lease
15.3
Gross SF
11,594
Guarantor
Corporate Guarantee
Rentable SF
11,594
Price/Gross SF
$387.41
Lease Type
Absolute Net
Rent Per Square Feet
$23.24

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.
  • Positioned Near Area's Retail & Traffic Corridor. Features Easy Access and Excellent Visibility Along Zac Lentz Pkwy/TX-463 with Daily Traffic Counts Exceeding 33k Vehicles.
  • Walking Distance from The Victoria Mall - a 678k+ SF Major Fully Enclosed Shopping Center featuring a variety of Retail and Dining Options.
  • Affluent Area: Features an Average Household Income of more than $109k within a 1-Mile Radius.
  • Located Across from a Target & Petsmart Anchored Retail Center and near Numerous other National Retailers including The Home Depot, Walmart Supercenter, Sam's Club, Hobby Lobby and many more. In Addition to Several Recently Completed Communities in Victoria, the Property is East and adjacent to the new Aria Victoria 250 Unit Apartment Complex.
  • Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation.

Investment Overview

Victoria is a city in South Texas and county seat of Victoria County, Texas. The population was 65,534 as of the 2020 census. The three counties of the Victoria Metropolitan Statistical Area had a population of 111,163 as of the 2000 census. Victoria is located 30 miles inland from the Gulf of Mexico. Victoria is a two-hour drive from Corpus Christi, Houston, San Antonio, and Austin. Victoria’s economy is a mix of education, health, retail, agriculture, and industry. Its access to major highways, the Victoria Regional Airport, railway terminals, the shallow draft Port of Victoria, and the deep water Port of Port Lavaca-Point Comfort help to sustain a healthy environment for business. Major industrial employers in the region include Formosa Plastics Corp, Inteplast Group, Dow, Invista, Caterpillar and Alcoa.

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

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3100

    License(s): TX: 0606255

    Texas

Financing By

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