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Auto Service - Gas-Conv

Caliber Collision | Columbus MSA | Long Term Absolute Net Lease | Within Industrial Corridor

3061 US-42, Delaware (Columbus MSA), OH 43015

Listing Price: $2,668,272

Cap Rate
6.25%
Tenant Name
Caliber Collision
Years Remaining On Lease
14.2
Gross SF
12,220
Guarantor
Corporate Guarantee
Rentable SF
12,220
Price/Gross SF
$218.35
Lease Type
Absolute Net
Rent Per Square Feet
$13.65

Investment Overview

Delaware is a city in and the county seat of Delaware County, Ohio. It is located near the center of Ohio, about 30 miles north of Columbus as part of the Columbus metropolitan area. There is a true economic mix in the area. The economic mix of the county reveals a balance of the following main economic activities: Manufacturing (18%), Trade (27%), Government (15%), and Service (23%) according to statistics published by Delaware Area Chamber of Commerce in 2000. The largest employers are in automobile coatings, plastics, copper products, education, insurance, automobile parts and distribution, sports apparel, retail, services, and government. Delaware County is a net importer of workers from throughout Ohio. Packaging company Greif, Inc. is headquartered in Delaware.

Investment Highlights

  • Long Term Absolute Net Lease (Zero Landlord Responsibilities) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. 2022 Renovation.
  • Caliber Collision is the Nation's Largest Collision Repair provider, with more than 1,600 Convenient Locations in 40 States - and Growing.
  • Dominant Leadership: Hellman & Friedman, Private Equity Firm with Over $25 Billion of Total Assets, is the Majority Owners after Merger.
  • Minutes from Numerous Auto Dealerships and Auto Service Centers including Chrysler, Jeep, Dodge, Chevrolet, Buick, Toyota, Ford and many more.
  • Located within Southwest Delaware's Industrial & Manufacturing Corridor - Near Numerous Light Industrial, Manufacturing Plants and Distribution Centers.
  • Near Numerous National Retailers including Walmart, Kroger, Harbor Freight, CVS Pharmacy, Walgreens, Big Lots and many more.
  • Less than a Mile from Delaware Municipal Airport - a Public Airport with more than 33k Annual Aircraft Operations.
  • Affluent Area - Features an Average Household Income of more than $105k within a 5-Mile Radius. Delaware's Population has grown 65.3% since 2000. Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (614) 360-9800

    License(s) OH: BRK.2007005898

    Ohio

Financing By

Auto Service - Gas-Conv

Caliber Collision | Columbus MSA | Long Term Absolute Net Lease | Within Industrial Corridor

Listing Price: $2,668,272

Cap Rate
6.25%
Tenant Name
Caliber Collision
Years Remaining On Lease
14.2
Gross SF
12,220
Guarantor
Corporate Guarantee
Rentable SF
12,220
Price/Gross SF
$218.35
Lease Type
Absolute Net
Rent Per Square Feet
$13.65

Investment Highlights

  • Long Term Absolute Net Lease (Zero Landlord Responsibilities) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. 2022 Renovation.
  • Caliber Collision is the Nation's Largest Collision Repair provider, with more than 1,600 Convenient Locations in 40 States - and Growing.
  • Dominant Leadership: Hellman & Friedman, Private Equity Firm with Over $25 Billion of Total Assets, is the Majority Owners after Merger.
  • Minutes from Numerous Auto Dealerships and Auto Service Centers including Chrysler, Jeep, Dodge, Chevrolet, Buick, Toyota, Ford and many more.
  • Located within Southwest Delaware's Industrial & Manufacturing Corridor - Near Numerous Light Industrial, Manufacturing Plants and Distribution Centers.
  • Near Numerous National Retailers including Walmart, Kroger, Harbor Freight, CVS Pharmacy, Walgreens, Big Lots and many more.
  • Less than a Mile from Delaware Municipal Airport - a Public Airport with more than 33k Annual Aircraft Operations.
  • Affluent Area - Features an Average Household Income of more than $105k within a 5-Mile Radius. Delaware's Population has grown 65.3% since 2000. Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation.

Investment Overview

Delaware is a city in and the county seat of Delaware County, Ohio. It is located near the center of Ohio, about 30 miles north of Columbus as part of the Columbus metropolitan area. There is a true economic mix in the area. The economic mix of the county reveals a balance of the following main economic activities: Manufacturing (18%), Trade (27%), Government (15%), and Service (23%) according to statistics published by Delaware Area Chamber of Commerce in 2000. The largest employers are in automobile coatings, plastics, copper products, education, insurance, automobile parts and distribution, sports apparel, retail, services, and government. Delaware County is a net importer of workers from throughout Ohio. Packaging company Greif, Inc. is headquartered in Delaware.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (614) 360-9800

    License(s): OH: BRK.2007005898

    Ohio

Financing By

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