Auto Parts
Caliber Collision | NN 9+ Years Remaining | Brand New Roof | Ann Arbor MSA
5133 Carpenter Rd, Ypsilanti, MI 48197
Listing Price: $1,600,000
Cap Rate
6.75%
Tenant Name
Caliber Collision
Years Remaining On Lease
9.4
Guarantor
Corporate Guarantee
Rentable SF
11,436
Lease Type
Double Net
Rent Per Square Feet
$9.44
Investment Overview
Marcus & Millichap is pleased to bring to market Caliber Collision located in Ypsilanti, Michigan, which is located within the Ann Arbor MSA.
Caliber Collision | NN 9+ Years Remaining | Brand New Roof | Ann Arbor MSA
Investment Highlights
- Approximately Over Nine Years Remaining on a Double Net Lease | Minimal Landlord Responsibilities | Lease is Corporately Guaranteed by Caliber Collision (Moody's: B2 Credit Rated)
- New Roof With a 20-Year Transferable Warranty as of October 2023 | Recently Repaved Asphalt in Three Phases: October 2020, September 2021 and November 2022
- 2 Percent Annual Rental Increases in The Base Term and in Each of Two, Five Year Renewal Options
- Situated In a Dense Industrial Retail Corridor Just Off of Interstate 94 (Over 87,000 Vehicles per Day) and US-23 (Over 68,600 Vehicles per Day), Between Downtown Ypsilanti and Ann Arbor | 40 Miles From Downtown Detroit
- Located Near Multiple National Tenants Such as Sam's Club, Target, Lowe's, Meijer, Home Depot, Kroger, Aldi, Cinemark, McDonald's, Starbucks, CVS Pharmacy, Wendy's, IHOP, Discount Tire, Advance Auto and More
- Proximity to a Growing Residential Hub: Multiple New Construction Single-Family Subdivisions Within One Mile of the Subject Property
- Six and a Half Miles From University of Michigan With 51,200 Students, Five Miles From Eastern Michigan University With 15,000 Students and 20 Miles From Detroit Metropolitan Airport Seeing Over 28 Million Passengers in 2022
- Strong Demographics: Population Exceeds 136,500 Within Five Miles and is Projected to Increase by 2027 | Daytime Population of Over 152,200 | Average Household Income of $101,700 Within Five Miles
Exclusively Listed By
Broker of Record
-
Steven Chaben
Senior Vice President / Regional Manager
Financing By
Auto Parts
Caliber Collision | NN 9+ Years Remaining | Brand New Roof | Ann Arbor MSA
Listing Price: $1,600,000
Cap Rate
6.75%
Tenant Name
Caliber Collision
Years Remaining On Lease
9.4
Guarantor
Corporate Guarantee
Rentable SF
11,436
Lease Type
Double Net
Rent Per Square Feet
$9.44
Investment Highlights
- Approximately Over Nine Years Remaining on a Double Net Lease | Minimal Landlord Responsibilities | Lease is Corporately Guaranteed by Caliber Collision (Moody's: B2 Credit Rated)
- New Roof With a 20-Year Transferable Warranty as of October 2023 | Recently Repaved Asphalt in Three Phases: October 2020, September 2021 and November 2022
- 2 Percent Annual Rental Increases in The Base Term and in Each of Two, Five Year Renewal Options
- Situated In a Dense Industrial Retail Corridor Just Off of Interstate 94 (Over 87,000 Vehicles per Day) and US-23 (Over 68,600 Vehicles per Day), Between Downtown Ypsilanti and Ann Arbor | 40 Miles From Downtown Detroit
- Located Near Multiple National Tenants Such as Sam's Club, Target, Lowe's, Meijer, Home Depot, Kroger, Aldi, Cinemark, McDonald's, Starbucks, CVS Pharmacy, Wendy's, IHOP, Discount Tire, Advance Auto and More
- Proximity to a Growing Residential Hub: Multiple New Construction Single-Family Subdivisions Within One Mile of the Subject Property
- Six and a Half Miles From University of Michigan With 51,200 Students, Five Miles From Eastern Michigan University With 15,000 Students and 20 Miles From Detroit Metropolitan Airport Seeing Over 28 Million Passengers in 2022
- Strong Demographics: Population Exceeds 136,500 Within Five Miles and is Projected to Increase by 2027 | Daytime Population of Over 152,200 | Average Household Income of $101,700 Within Five Miles
Investment Overview
Marcus & Millichap is pleased to bring to market Caliber Collision located in Ypsilanti, Michigan, which is located within the Ann Arbor MSA.
Exclusively Listed By
Broker of Record
-
Steven Chaben
Senior Vice President / Regional Manager
Financing By
