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Auto Parts

Caliber Collision | Brand New 2023 Construction | Open For Business

768 Eastern Bypass, Richmond, KY 40475

Listing Price: $5,685,000

Cap Rate
6.10%
Tenant Name
Caliber Collision
Years Remaining On Lease
14.6
Guarantor
Corporate Guarantee
Rentable SF
14,704
Lease Type
Absolute Net
Rent Per Square Feet
$23.58

Investment Overview

This long term and stable passive investment oppurtinty offers a qualified buyer a 15 year Absolute Net lease, with zero landlord responsiblities. This property features brand new 2023 built-to-suit construction and Caliber Collision is the industry leader for automotive repair with more than 1,600 locations in 40 states.

Situated south of Lexington, KY, on the I-75 corridor, Richmond and Madison County are growing at an impressive rate. Due to its easy interstate access, proximity to Lexington, lower cost of housing, good employment base, large university, and cultural and educational opportunities, population has been steadily growing.

Eastern Kentucky University, known as EKU, has a student population of 14,465, over 10,000 of whom live on campus. EKU is known academically for its nursing, business, and forensic science programs, and socially as the biggest party school in Kentucky. The university requires 1st and 2nd year students to reside on campus, which sits just one mile from the subject site. The university is also the biggest employer in the area.

The subject site is located just to the east of the region’s Opportunity Zone, which contributes to both population and industry growth in the immediate area.

Investment Highlights

  • Brand New 15-Year NNN Lease commenced April 2023, site is open and paying rent
  • 2023 Construction in a desirable retail expansion area
  • Regular rent increases hedge against inflation
  • Less then 30 miles south of downtown Lexington, KY
  • Strategically located adjacent to a Walmart Supercenter, Lowe's Home Improvement, and ALDI Supermarket
  • Strong corporate guaranty from the largest auto body repair company in the U.S. backed by over 1600 locations
  • Stable investment, Caliber's parent company, Wand Newco 3, Inc, recently upgraded to a Moody's rating of B2
  • Located one mile from the Eastern Kentucky University campus, with a student population of over 14,000

Exclusively Listed By

Broker of Record

  • Grant Fitzgerald

    Vice President/Regional Manager

    (502) 329-5900

    License(s) KY: 286261

    Kentucky

Financing By

Auto Parts

Caliber Collision | Brand New 2023 Construction | Open For Business

Listing Price: $5,685,000

Cap Rate
6.10%
Tenant Name
Caliber Collision
Years Remaining On Lease
14.6
Guarantor
Corporate Guarantee
Rentable SF
14,704
Lease Type
Absolute Net
Rent Per Square Feet
$23.58

Investment Highlights

  • Brand New 15-Year NNN Lease commenced April 2023, site is open and paying rent
  • 2023 Construction in a desirable retail expansion area
  • Regular rent increases hedge against inflation
  • Less then 30 miles south of downtown Lexington, KY
  • Strategically located adjacent to a Walmart Supercenter, Lowe's Home Improvement, and ALDI Supermarket
  • Strong corporate guaranty from the largest auto body repair company in the U.S. backed by over 1600 locations
  • Stable investment, Caliber's parent company, Wand Newco 3, Inc, recently upgraded to a Moody's rating of B2
  • Located one mile from the Eastern Kentucky University campus, with a student population of over 14,000

Investment Overview

This long term and stable passive investment oppurtinty offers a qualified buyer a 15 year Absolute Net lease, with zero landlord responsiblities. This property features brand new 2023 built-to-suit construction and Caliber Collision is the industry leader for automotive repair with more than 1,600 locations in 40 states. Situated south of Lexington, KY, on the I-75 corridor, Richmond and Madison County are growing at an impressive rate. Due to its easy interstate access, proximity to Lexington, lower cost of housing, good employment base, large university, and cultural and educational opportunities, population has been steadily growing. Eastern Kentucky University, known as EKU, has a student population of 14,465, over 10,000 of whom live on campus. EKU is known academically for its nursing, business, and forensic science programs, and socially as the biggest party school in Kentucky. The university requires 1st and 2nd year students to reside on campus, which sits just one mile from the subject site. The university is also the biggest employer in the area. The subject site is located just to the east of the region’s Opportunity Zone, which contributes to both population and industry growth in the immediate area.

Exclusively Listed By

Broker of Record

  • Grant Fitzgerald

    Vice President/Regional Manager

    (502) 329-5900

    License(s): KY: 286261

    Kentucky

Financing By

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