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Auto Service - Gas-Conv

Caliber Collision | Texas | 15 Year Absolute Net Lease | w/in Industrial Corridor | 2023 Renovation

1746 US-287 Business, Corsicana (Outside Dallas), TX 75110

Listing Price: $3,950,724

Cap Rate
6.35%
Tenant Name
Caliber Collision
Years Remaining On Lease
15.3
Gross SF
11,700
Guarantor
Corporate Guarantee
Rentable SF
11,700
Price/Gross SF
$337.67
Lease Type
Absolute Net
Rent Per Square Feet
$21.44

Investment Overview

Corsicana is a vibrant city located in Navarro County, Texas, known for its rich history, charming small-town atmosphere, and diverse community. Nestled amidst picturesque landscapes and sprawling countryside, Corsicana offers a delightful blend of Southern hospitality and modern amenities. The city boasts a captivating past as an important center of the Texas oil industry, with remnants of its storied history visible in its architectural landmarks and museums. The grand Corsicana Oil Palace stands as a testament to this heritage, hosting various events and exhibitions throughout the year. Nature enthusiasts can explore the nearby Navarro Mills Lake, which provides opportunities for fishing, boating, and camping. Corsicana is also renowned for its culinary delights, particularly its world-famous fruitcake produced by the Collin Street Bakery, drawing visitors from far and wide. The downtown area showcases an array of unique shops, boutiques, and local eateries, contributing to a thriving local economy. Moreover, Corsicana takes pride in its educational institutions, including Navarro College, which offers diverse academic programs. With its strong sense of community, historical significance, and natural beauty, Corsicana provides residents and visitors alike with a warm and inviting Texan experience.

Investment Highlights

  • 15 Year Absolute Net Lease (Zero Landlord Responsibilities) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. 2023 Full Interior and Exterior 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.
  • Features Easy Access and Excellent Visibility with Daily Traffic Counts Exceeding 12k Vehicles. Immediate Access to/from I-45 (38k+ VPD). Limited Competition - The Next Nearest Caliber Collision is more than 46 Miles away.
  • In Close Proximity to Numerous Auto Dealerships and Auto Service Centers including Chrysler, Jeep, Dodge, Ford, Chevrolet, GMC and many more.
  • Located within Corsicana's Industrial & Manufacturing Corridor - Near Numerous Light Industrial, Manufacturing Plants and Distribution Centers.
  • In Close Proximity to Navarro Regional Hospital - a 162-Bed Acute-Care Medical Center that provides a wide range of Healthcare Services to the Residents of Navarro County and Surrounding Areas.
  • Surrounded by Numerous National Retailers including The Home Depot, Walmart Supercenter, ALDI, H-E-B, Tractor Supply, Big Lots, Harbor Freight Tools and many more. Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation.

Exclusively Listed By

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3100

    License(s) TX: 0606255

    Texas

Financing By

Auto Service - Gas-Conv

Caliber Collision | Texas | 15 Year Absolute Net Lease | w/in Industrial Corridor | 2023 Renovation

Listing Price: $3,950,724

Cap Rate
6.35%
Tenant Name
Caliber Collision
Years Remaining On Lease
15.3
Gross SF
11,700
Guarantor
Corporate Guarantee
Rentable SF
11,700
Price/Gross SF
$337.67
Lease Type
Absolute Net
Rent Per Square Feet
$21.44

Investment Highlights

  • 15 Year Absolute Net Lease (Zero Landlord Responsibilities) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. 2023 Full Interior and Exterior 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.
  • Features Easy Access and Excellent Visibility with Daily Traffic Counts Exceeding 12k Vehicles. Immediate Access to/from I-45 (38k+ VPD). Limited Competition - The Next Nearest Caliber Collision is more than 46 Miles away.
  • In Close Proximity to Numerous Auto Dealerships and Auto Service Centers including Chrysler, Jeep, Dodge, Ford, Chevrolet, GMC and many more.
  • Located within Corsicana's Industrial & Manufacturing Corridor - Near Numerous Light Industrial, Manufacturing Plants and Distribution Centers.
  • In Close Proximity to Navarro Regional Hospital - a 162-Bed Acute-Care Medical Center that provides a wide range of Healthcare Services to the Residents of Navarro County and Surrounding Areas.
  • Surrounded by Numerous National Retailers including The Home Depot, Walmart Supercenter, ALDI, H-E-B, Tractor Supply, Big Lots, Harbor Freight Tools and many more. Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation.

Investment Overview

Corsicana is a vibrant city located in Navarro County, Texas, known for its rich history, charming small-town atmosphere, and diverse community. Nestled amidst picturesque landscapes and sprawling countryside, Corsicana offers a delightful blend of Southern hospitality and modern amenities. The city boasts a captivating past as an important center of the Texas oil industry, with remnants of its storied history visible in its architectural landmarks and museums. The grand Corsicana Oil Palace stands as a testament to this heritage, hosting various events and exhibitions throughout the year. Nature enthusiasts can explore the nearby Navarro Mills Lake, which provides opportunities for fishing, boating, and camping. Corsicana is also renowned for its culinary delights, particularly its world-famous fruitcake produced by the Collin Street Bakery, drawing visitors from far and wide. The downtown area showcases an array of unique shops, boutiques, and local eateries, contributing to a thriving local economy. Moreover, Corsicana takes pride in its educational institutions, including Navarro College, which offers diverse academic programs. With its strong sense of community, historical significance, and natural beauty, Corsicana provides residents and visitors alike with a warm and inviting Texan experience.

Exclusively Listed By

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3100

    License(s): TX: 0606255

    Texas

Financing By

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