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Auto Service - Gas-Conv

Caliber Collision w/ Enterprise Car Rental | Colorado Springs | 15 Year Absolute Net Lease

5597 N Academy Blvd, Colorado Springs, CO 80918

Listing Price: $5,505,774

Cap Rate
5.75%
Tenant Name
Caliber Collision
Years Remaining On Lease
14.3
Gross SF
38,022
Guarantor
Corporate Guarantee
Rentable SF
38,022
Price/Gross SF
$144.80
Lease Type
Absolute Net
Rent Per Square Feet
$8.33

Investment Overview

The City of Colorado Springs is the Home Rule Municipality that is the county seat and the most populous municipality of El Paso County, Colorado. Colorado Springs is the second most populous city and the most extensive city in the State of Colorado. It is the principal city of the Colorado Springs, CO Metropolitan Statistical Area and is the second most prominent city of the Front Range Urban Corridor. It is located in east central Colorado, on Fountain Creek, 70 miles south of Denver. The United States Air Force Academy opened just north of Colorado Springs in 1958. The city is home to 24 national sports governing bodies, including the United States Olympic Committee, the United States Olympic Training Center, USA Swimming, and USA Hockey. In 2020, Colorado Springs ranked #13 on the New York Times 52 Places to Go list and #10 in TripAdvisor’s Top 25 Trending Destinations. In 2017 and 2018, Colorado Springs received several accolades. In 2018 U.S. News named it the most desirable place to live in the United States. The previous year, Colorado Springs placed second on U.S. News’s list of the 125 Best Places to Live in the USA. The Metropolitan Policy Program at Brookings found that Colorado Springs was the fastest-growing city for millennials. Thumbtack’s annual Small Business Friendliness Survey found Colorado Springs to be the fourth most business-friendly city in the country.

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.
  • This Location Features an Enterprise Car Rental. 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 with Daily Traffic Counts Exceeding 40k VPD.
  • In Close Proximity to Numerous Used Auto Dealerships and Auto Service Centers. Near Numerous National Retailers including Target, Safeway, Big 5, Sprouts, Walgreens, Ross, Walmart, King Soopers and many more.
  • Densely Populated and Affluent Area: Features an Average Household Income of $93k+ and more than 274k People Residing within a 5-Mile Radius.
  • Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation.
  • In Close Proximity to United States Air Force Academy Airfield. Features a Staff & Student Population of Approximately 5k People.

Broker of Record

  • Adam Lewis

    Vice President/Regional Manager

    (303) 328-2000

    License(s) CO: ER100091205

    Colorado

Financing By

Auto Service - Gas-Conv

Caliber Collision w/ Enterprise Car Rental | Colorado Springs | 15 Year Absolute Net Lease

Listing Price: $5,505,774

Cap Rate
5.75%
Tenant Name
Caliber Collision
Years Remaining On Lease
14.3
Gross SF
38,022
Guarantor
Corporate Guarantee
Rentable SF
38,022
Price/Gross SF
$144.80
Lease Type
Absolute Net
Rent Per Square Feet
$8.33

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.
  • This Location Features an Enterprise Car Rental. 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 with Daily Traffic Counts Exceeding 40k VPD.
  • In Close Proximity to Numerous Used Auto Dealerships and Auto Service Centers. Near Numerous National Retailers including Target, Safeway, Big 5, Sprouts, Walgreens, Ross, Walmart, King Soopers and many more.
  • Densely Populated and Affluent Area: Features an Average Household Income of $93k+ and more than 274k People Residing within a 5-Mile Radius.
  • Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation.
  • In Close Proximity to United States Air Force Academy Airfield. Features a Staff & Student Population of Approximately 5k People.

Investment Overview

The City of Colorado Springs is the Home Rule Municipality that is the county seat and the most populous municipality of El Paso County, Colorado. Colorado Springs is the second most populous city and the most extensive city in the State of Colorado. It is the principal city of the Colorado Springs, CO Metropolitan Statistical Area and is the second most prominent city of the Front Range Urban Corridor. It is located in east central Colorado, on Fountain Creek, 70 miles south of Denver. The United States Air Force Academy opened just north of Colorado Springs in 1958. The city is home to 24 national sports governing bodies, including the United States Olympic Committee, the United States Olympic Training Center, USA Swimming, and USA Hockey. In 2020, Colorado Springs ranked #13 on the New York Times 52 Places to Go list and #10 in TripAdvisor’s Top 25 Trending Destinations. In 2017 and 2018, Colorado Springs received several accolades. In 2018 U.S. News named it the most desirable place to live in the United States. The previous year, Colorado Springs placed second on U.S. News’s list of the 125 Best Places to Live in the USA. The Metropolitan Policy Program at Brookings found that Colorado Springs was the fastest-growing city for millennials. Thumbtack’s annual Small Business Friendliness Survey found Colorado Springs to be the fourth most business-friendly city in the country.

Broker of Record

  • Adam Lewis

    Vice President/Regional Manager

    (303) 328-2000

    License(s): CO: ER100091205

    Colorado

Financing By

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