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Auto Service - Gas-Conv

Caliber Collision | Idaho Falls | 15Yr Abs Net Lease | 2023 Construction | Rapidly Growing Community

1443 Midway Ave, Idaho Falls, ID 83406

Listing Price: $5,998,114

Cap Rate
6.15%
Tenant Name
Caliber Collision
Years Remaining On Lease
15.3
Gross SF
16,100
Guarantor
Corporate Guarantee
Rentable SF
16,100
Price/Gross SF
$372.55
Lease Type
Absolute Net
Rent Per Square Feet
$22.91

Investment Overview

Idaho Falls is a city in and the county seat of Bonneville County, Idaho, United States. It is the state’s largest city outside the Boise metropolitan area. As of the 2020 census, the population of Idaho Falls was 64,818 with a metro population of 133,265. Idaho Falls serves as the commercial, cultural, and healthcare hub for Eastern Idaho, as well as parts of western Wyoming and southern Montana. It is served by the Idaho Falls Regional Airport and is home to the College of Eastern Idaho, Museum of Idaho, and the Idaho Falls Chukars minor league baseball team. It is the principal city of the Idaho Falls Metropolitan Statistical Area and the Idaho Falls–Blackfoot-Rexburg, Idaho Combined Statistical Area. Idaho Falls serves as a regional hub for health care, travel, and business in eastern Idaho. The community’s economy was mostly agriculturally focused until the opening of the National Reactor Testing Station in the desert west of Idaho Falls in 1949. The city subsequently became largely dependent on high-income jobs from the Idaho National Laboratory (INL), known locally simply as “The Site.” Since the 1990s, the city has added a significant retail, entertainment, and restaurant sector, as well as a regional medical center. Idaho Falls hosts the headquarters of the United Potato Growers of Idaho and District 7 of the Idaho Department of Health and Welfare. It is the home to several small-to-medium-sized national corporations such as North Wind, Inc. and Melaleuca, Inc.

Investment Highlights

  • 15 Year Absolute Net Lease (Zero Landlord Responsibilities) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. Brand New 2023 Construction.
  • 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 Eastern Idaho Regional Medical Center (EIRMC) - a modern, Joint Commission-Accredited, 331-Bed Full-Service Hospital - The Largest Medical Facility in the Region.
  • Positioned Along Area's Major Traffic & Retail Corridor - Features Easy Access & Excellent Visibility. Adjacent to E 17th St, which Features Daily Traffic Counts Exceeding 23k Vehicles.
  • Immediate Area Experiencing Major Growth: Located in a Rapidly Growing Community with Robust Demographics - Near Several Large Retail, Medical & Housing Developments Under Construction
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $96k within a 1-Mile Radius and over 106k People Residing within a 5-Mile Radius. Walking Distance from Grand Teton Mall - a 644k+ Sq.Ft. Shopping Center Anchored by Dick's Sporting Goods, Dillard's and JC Penney - features more than 70 Stores.
  • Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation.

Broker of Record

  • Adam Lewis

    First Vice President/Regional Manager

    (303) 328-2000

    License(s) ID: DB54599

    Idaho

Financing By

Auto Service - Gas-Conv

Caliber Collision | Idaho Falls | 15Yr Abs Net Lease | 2023 Construction | Rapidly Growing Community

Listing Price: $5,998,114

Cap Rate
6.15%
Tenant Name
Caliber Collision
Years Remaining On Lease
15.3
Gross SF
16,100
Guarantor
Corporate Guarantee
Rentable SF
16,100
Price/Gross SF
$372.55
Lease Type
Absolute Net
Rent Per Square Feet
$22.91

Investment Highlights

  • 15 Year Absolute Net Lease (Zero Landlord Responsibilities) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. Brand New 2023 Construction.
  • 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 Eastern Idaho Regional Medical Center (EIRMC) - a modern, Joint Commission-Accredited, 331-Bed Full-Service Hospital - The Largest Medical Facility in the Region.
  • Positioned Along Area's Major Traffic & Retail Corridor - Features Easy Access & Excellent Visibility. Adjacent to E 17th St, which Features Daily Traffic Counts Exceeding 23k Vehicles.
  • Immediate Area Experiencing Major Growth: Located in a Rapidly Growing Community with Robust Demographics - Near Several Large Retail, Medical & Housing Developments Under Construction
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $96k within a 1-Mile Radius and over 106k People Residing within a 5-Mile Radius. Walking Distance from Grand Teton Mall - a 644k+ Sq.Ft. Shopping Center Anchored by Dick's Sporting Goods, Dillard's and JC Penney - features more than 70 Stores.
  • Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation.

Investment Overview

Idaho Falls is a city in and the county seat of Bonneville County, Idaho, United States. It is the state’s largest city outside the Boise metropolitan area. As of the 2020 census, the population of Idaho Falls was 64,818 with a metro population of 133,265. Idaho Falls serves as the commercial, cultural, and healthcare hub for Eastern Idaho, as well as parts of western Wyoming and southern Montana. It is served by the Idaho Falls Regional Airport and is home to the College of Eastern Idaho, Museum of Idaho, and the Idaho Falls Chukars minor league baseball team. It is the principal city of the Idaho Falls Metropolitan Statistical Area and the Idaho Falls–Blackfoot-Rexburg, Idaho Combined Statistical Area. Idaho Falls serves as a regional hub for health care, travel, and business in eastern Idaho. The community’s economy was mostly agriculturally focused until the opening of the National Reactor Testing Station in the desert west of Idaho Falls in 1949. The city subsequently became largely dependent on high-income jobs from the Idaho National Laboratory (INL), known locally simply as “The Site.” Since the 1990s, the city has added a significant retail, entertainment, and restaurant sector, as well as a regional medical center. Idaho Falls hosts the headquarters of the United Potato Growers of Idaho and District 7 of the Idaho Department of Health and Welfare. It is the home to several small-to-medium-sized national corporations such as North Wind, Inc. and Melaleuca, Inc.

Broker of Record

  • Adam Lewis

    First Vice President/Regional Manager

    (303) 328-2000

    License(s): ID: DB54599

    Idaho

Financing By

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