Auto Parts
Caliber Collision | Lafayette, IN
405 Farabee Dr, Lafayette, IN 47905
Listing Price: $3,872,786
Investment Overview
This NNN leased property is a recently renovated, corporate guaranteed, truly passive investment opportunity. Zero landlord obligations and 12+ years remaining on the base term offers a qualified buyer a long term, sleep at night investment. Caliber Collision is the nation's largest auto collision repair provider, with over 1,500 locations. The lease also allots for 10% rent escalations every 5-years which hedges against inflation. The subject site is strategically located in the heart of the region's industrial corridor, with strong economic and residential growth in the immediate area. Lafayette is known as being the home of Purdue University and caters to large student body population.
Caliber Collision | Lafayette, IN
Investment Highlights
- 15 Year NNN Lease Commenced in September 2020, Renovated Site Specifically for Caliber Collision
- Passive Investment with Zero Landlord Responsibilities
- Regular 10% Rent Increases Every 5 years Hedge Against Inflation, next increase in 2025
- Corporate Guarantee from the #1 Auto Body Repair Provider in the U.S., 1500+ locations and growing
- Minimal National Auto Body Competition in the Area
- Densely Populated Infill Location with More than 140,000 Residents Within a 5-Mile Radius
- Strategically Located adjacent to the area's largest employer, Caterpillar Large Engine Center
- Located just 3.5 miles from Purdue University Campus with student body population of over 37,000 undergrads
Exclusively Listed By
Broker of Record
Listing Price: $3,872,786
Investment Highlights
- 15 Year NNN Lease Commenced in September 2020, Renovated Site Specifically for Caliber Collision
- Passive Investment with Zero Landlord Responsibilities
- Regular 10% Rent Increases Every 5 years Hedge Against Inflation, next increase in 2025
- Corporate Guarantee from the #1 Auto Body Repair Provider in the U.S., 1500+ locations and growing
- Minimal National Auto Body Competition in the Area
- Densely Populated Infill Location with More than 140,000 Residents Within a 5-Mile Radius
- Strategically Located adjacent to the area's largest employer, Caterpillar Large Engine Center
- Located just 3.5 miles from Purdue University Campus with student body population of over 37,000 undergrads
Investment Overview
This NNN leased property is a recently renovated, corporate guaranteed, truly passive investment opportunity. Zero landlord obligations and 12+ years remaining on the base term offers a qualified buyer a long term, sleep at night investment. Caliber Collision is the nation's largest auto collision repair provider, with over 1,500 locations. The lease also allots for 10% rent escalations every 5-years which hedges against inflation. The subject site is strategically located in the heart of the region's industrial corridor, with strong economic and residential growth in the immediate area. Lafayette is known as being the home of Purdue University and caters to large student body population.
Exclusively Listed By
Broker of Record
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Josh Caruana
First Vice President/District Manager
