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Auto Service - Gas-Conv

Caliber Collision | Phoenix MSA | Strong Demos | Long Term Absolute Net Lease | Near Major Auto Mall

2190 S Douglas Dr, Chandler (Phoenix MSA), AZ 85286

Listing Price: $6,548,206

Cap Rate
5.35%
Tenant Name
Caliber Collision
Years Remaining On Lease
13.8
Gross SF
29,211
Guarantor
Corporate Guarantee
Rentable SF
29,211
Price/Gross SF
$224.17
Lease Type
Absolute Net
Rent Per Square Feet
$11.99

Investment Overview

Chandler is a city in Maricopa County, Arizona, and a suburb in the Phoenix-Mesa-Chandler Metropolitan Statistical Area (MSA). It is bordered to the north and west by Tempe, to the north by Mesa, to the west by Phoenix, to the south by the Gila River Indian Community, and to the east by Gilbert. As of the 2020 census, the population of Chandler was 275,987, up from 236,123 at the 2010 census. Computer chip manufacturer Intel has an influential role in city growth strategies with four locations in the municipal area, including its first factory to be designated “environmentally sustainable” under current Leadership in Energy and Environmental Design (LEED) criteria. Other high-technology manufacturing firms have partnerships with the local government, their operations employing approximately 25% of non-government workers in 2007. Although per capita employment growth in the sector has been in decline in Arizona since 2000, semiconductor and other electronic component manufacturing was largely unaffected; a series of customized grants for the training of net new employees, incorporating the Phoenix urbanized area (27,000 workers now commute to work in other communities), resulted in a larger market share of (Californian) industry. Since 2003, more than 2,900 jobs and investments totalling $3 billion have been created along the Price and Santan freeways, in the Price Road Corridor. Three shopping malls provide a “strong attraction” to such an open-ended, high exposure trade area: the 1,300,000-square-foot Chandler Fashion Center, opened in 2001, has spurred on several courts and laneway developments. In the southern end of the Corridor, Wal-Mart is expected to draw business from as far south as Hunt Highway, bringing with it a “large consumer population” which will improve “the image and perception of the area” in the mindset of many Greater Phoenix residents and state commercial retailers. The northern portion is “attractive and possesses the historic character” for success, which “can be grown to the south”. Companies headquartered in Chandler include Infusionsoft, Microchip, and Rogers. Bashas’ headquarters is in a county island surrounded by Chandler.

Investment Highlights

  • Long Term Absolute Net Lease (Zero Landlord Responsibilities) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options.
  • 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 & Excellent Visibility. Surrounded by Numerous National Retailers.
  • Minutes from Chandler AutoPlex - a 102-Acre and one of the Largest in the State Auto Mall. It is Home to Numerous Major New Car Dealers including Cadillac, Mercedes, Audi, Toyota and many more.
  • Densely Populated and Affluent Area: Features an Average Household Income of $144k+ within a 1-Mile Radius and more than 290k People Residing within a 5-Mile Radius.
  • Immediate Area Experiencing Major Growth: Located in a Rapidly Growing Community with Robust Demographics - Near Several Large Retail & Housing Developments / Under Construction. Directly Across from Chandler Municipal Airport - with more than 200k Aircraft Operations per Year, it is among the Nation's Busiest General Aviation Airports.
  • 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

  • James K. Crawley

    Associate Regional Manager

    (602) 687-6700

    License(s) AZ: SA659077000

    Arizona

Financing By

Auto Service - Gas-Conv

Caliber Collision | Phoenix MSA | Strong Demos | Long Term Absolute Net Lease | Near Major Auto Mall

Listing Price: $6,548,206

Cap Rate
5.35%
Tenant Name
Caliber Collision
Years Remaining On Lease
13.8
Gross SF
29,211
Guarantor
Corporate Guarantee
Rentable SF
29,211
Price/Gross SF
$224.17
Lease Type
Absolute Net
Rent Per Square Feet
$11.99

Investment Highlights

  • Long Term Absolute Net Lease (Zero Landlord Responsibilities) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options.
  • 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 & Excellent Visibility. Surrounded by Numerous National Retailers.
  • Minutes from Chandler AutoPlex - a 102-Acre and one of the Largest in the State Auto Mall. It is Home to Numerous Major New Car Dealers including Cadillac, Mercedes, Audi, Toyota and many more.
  • Densely Populated and Affluent Area: Features an Average Household Income of $144k+ within a 1-Mile Radius and more than 290k People Residing within a 5-Mile Radius.
  • Immediate Area Experiencing Major Growth: Located in a Rapidly Growing Community with Robust Demographics - Near Several Large Retail & Housing Developments / Under Construction. Directly Across from Chandler Municipal Airport - with more than 200k Aircraft Operations per Year, it is among the Nation's Busiest General Aviation Airports.
  • Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation.

Investment Overview

Chandler is a city in Maricopa County, Arizona, and a suburb in the Phoenix-Mesa-Chandler Metropolitan Statistical Area (MSA). It is bordered to the north and west by Tempe, to the north by Mesa, to the west by Phoenix, to the south by the Gila River Indian Community, and to the east by Gilbert. As of the 2020 census, the population of Chandler was 275,987, up from 236,123 at the 2010 census. Computer chip manufacturer Intel has an influential role in city growth strategies with four locations in the municipal area, including its first factory to be designated “environmentally sustainable” under current Leadership in Energy and Environmental Design (LEED) criteria. Other high-technology manufacturing firms have partnerships with the local government, their operations employing approximately 25% of non-government workers in 2007. Although per capita employment growth in the sector has been in decline in Arizona since 2000, semiconductor and other electronic component manufacturing was largely unaffected; a series of customized grants for the training of net new employees, incorporating the Phoenix urbanized area (27,000 workers now commute to work in other communities), resulted in a larger market share of (Californian) industry. Since 2003, more than 2,900 jobs and investments totalling $3 billion have been created along the Price and Santan freeways, in the Price Road Corridor. Three shopping malls provide a “strong attraction” to such an open-ended, high exposure trade area: the 1,300,000-square-foot Chandler Fashion Center, opened in 2001, has spurred on several courts and laneway developments. In the southern end of the Corridor, Wal-Mart is expected to draw business from as far south as Hunt Highway, bringing with it a “large consumer population” which will improve “the image and perception of the area” in the mindset of many Greater Phoenix residents and state commercial retailers. The northern portion is “attractive and possesses the historic character” for success, which “can be grown to the south”. Companies headquartered in Chandler include Infusionsoft, Microchip, and Rogers. Bashas’ headquarters is in a county island surrounded by Chandler.

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

  • James K. Crawley

    Associate Regional Manager

    (602) 687-6700

    License(s): AZ: SA659077000

    Arizona

Financing By

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