Auto Service - Gas-Conv
Caliber Collision | Hampton Roads - Affluent Area: $106k+ HHI | 15 Year Absolute Net Lease
928 S Church St, Smithfield (Hampton Roads), VA 23430
Listing Price: $3,300,000
Investment Overview
Smithfield is located in Isle of Wight County, Virginia, and is perhaps best known for its ham, which has been produced in the area since the colonial era. Smithfield Foods, a Fortune 500 company, is headquartered in the town and is the world’s largest producer of pork products. In addition to its food industry, Smithfield is also home to a number of historic sites, including St. Luke’s Church, which is the oldest surviving brick church in Virginia and the oldest church of English foundation in America. Smithfield’s economy is heavily influenced by its agricultural and food industry, with Smithfield Foods being the town’s largest employer. The company operates a number of facilities in the area, including a processing plant and a corporate headquarters, and employs thousands of workers in the region. In addition to the food industry, Smithfield’s economy also benefits from its location near major transportation routes, including Route 10 and Route 258. This makes it an attractive location for businesses that require easy access to regional and national markets. The town also has a small retail sector, with a number of shops and restaurants located in the historic downtown area. There are also a few small manufacturing firms and service providers located in the town. Overall, Smithfield’s economy is stable and diversified, with a mix of large and small businesses operating in a range of industries. However, the town’s reliance on the food industry means that economic fluctuations in that sector can have a significant impact on the local economy.
Caliber Collision | Hampton Roads - Affluent Area: $106k+ HHI | 15 Year Absolute Net Lease
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.
- 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.
- Positioned Along Area's Retail & Traffic Corridor. Features Easy Access and Excellent Visibility with Daily Traffic Counts of more than 11k Vehicles.
- Hampton Roads is known for its Large Military Presence, Shipyards, Coal Piers, and Miles of Waterfront Property, all of which contribute to the Diversity and Stability of the Region's Economy.
- Near Numerous National Retailers including Kroger, Food Lion, Tractor Supply Co, CVS Pharmacy, Burkes Outlet and more. Limited Competition - Next Nearest Caliber Collision is more than 12 Miles Away.
- Smithfield has several Affluent Communities and a Relatively High Household Income compared to the National Average, of more than $106k within a 5-Mile Radius.
- Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation.
Exclusively Listed By
Broker of Record
-
Brian Hosey
Senior Vice President/Division Manager
Financing By
Auto Service - Gas-Conv
Caliber Collision | Hampton Roads - Affluent Area: $106k+ HHI | 15 Year Absolute Net Lease
Listing Price: $3,300,000
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.
- 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.
- Positioned Along Area's Retail & Traffic Corridor. Features Easy Access and Excellent Visibility with Daily Traffic Counts of more than 11k Vehicles.
- Hampton Roads is known for its Large Military Presence, Shipyards, Coal Piers, and Miles of Waterfront Property, all of which contribute to the Diversity and Stability of the Region's Economy.
- Near Numerous National Retailers including Kroger, Food Lion, Tractor Supply Co, CVS Pharmacy, Burkes Outlet and more. Limited Competition - Next Nearest Caliber Collision is more than 12 Miles Away.
- Smithfield has several Affluent Communities and a Relatively High Household Income compared to the National Average, of more than $106k within a 5-Mile Radius.
- Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation.
Investment Overview
Smithfield is located in Isle of Wight County, Virginia, and is perhaps best known for its ham, which has been produced in the area since the colonial era. Smithfield Foods, a Fortune 500 company, is headquartered in the town and is the world’s largest producer of pork products. In addition to its food industry, Smithfield is also home to a number of historic sites, including St. Luke’s Church, which is the oldest surviving brick church in Virginia and the oldest church of English foundation in America. Smithfield’s economy is heavily influenced by its agricultural and food industry, with Smithfield Foods being the town’s largest employer. The company operates a number of facilities in the area, including a processing plant and a corporate headquarters, and employs thousands of workers in the region. In addition to the food industry, Smithfield’s economy also benefits from its location near major transportation routes, including Route 10 and Route 258. This makes it an attractive location for businesses that require easy access to regional and national markets. The town also has a small retail sector, with a number of shops and restaurants located in the historic downtown area. There are also a few small manufacturing firms and service providers located in the town. Overall, Smithfield’s economy is stable and diversified, with a mix of large and small businesses operating in a range of industries. However, the town’s reliance on the food industry means that economic fluctuations in that sector can have a significant impact on the local economy.
Exclusively Listed By
Broker of Record
-
Brian Hosey
Senior Vice President/Division Manager
Financing By
