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Auto Service - Gas-Conv

Caliber Collision | East Texas | 15 Year Absolute Net Lease | 2024 Construction | Affluent Area

1504 W Loop 281, Longview (East Texas), TX 75604

Listing Price: $5,681,872

Cap Rate
6.25%
Tenant Name
Caliber Collision
Years Remaining On Lease
15.4
Gross SF
16,100
Guarantor
Corporate Guarantee
Rentable SF
16,100
Price/Gross SF
$352.91
Lease Type
Absolute Net
Rent Per Square Feet
$22.06

Investment Overview

Longview is the 47th largest city in the state of Texas. The city is mostly located in Gregg County, of which it is the county seat; a small part of Longview extends into the western part of neighboring Harrison County. Longview is located in East Texas, where Interstate 20 and U.S. Highways 80 and 259 converge just north of the Sabine River. According to the 2020 U.S. census, the city had a population of 81,638. Longview is the principal city of the Longview Metropolitan Statistical Area, comprising Gregg, Upshur, and Rusk Counties. The population of the metropolitan area as of 2017 census estimates is 217,481. Today, Longview is considered a major hub city for the region, as is the nearby city of Tyler. In 2014, Forbes magazine ranked Longview as the sixth fastest-growing small city in the United States. Companies with significant presence in Longview are Eastman Chemical, Trinity Rail Group, AAON Coil Products and Komatsu Mining. Colleges and universities in the area include LeTourneau University, Kilgore College and the University of Texas at Tyler’s Longview University Center.

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 2024 Construction - Large Land Tract.
  • Caliber Collision is the Nation's Largest Collision Repair provider, with more than 1,700 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.
  • Near Numerous National Retailers including Walmart Supercenter, ALDI, The Home Depot, Lowe's, Sam's Club, Target, Super 1 Foods, Albertsons, Hobby Lobby and many more.
  • Minutes from Longview Mall - Longview's Premier Shopping Destination Offering Market-Exclusive Brands and Locally-Owned Specialty Shops. The Mall also hosts more than eight Events a Year.
  • In Close Proximity to Numerous Auto Dealerships and Auto Service Centers including Kia, Toyota, Mitsubishi, Honda, Nissan, Harley Davidson and many more.
  • Affluent Area: Features an Average Household Income of more than $106 within a 1-Mile Radius.
  • Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

  • Jon Talia

    First Vice President Investments

    (858) 373-3186

    Email Jon

    License(s): CA: 02031343

    San Diego Downtown

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 | East Texas | 15 Year Absolute Net Lease | 2024 Construction | Affluent Area

Listing Price: $5,681,872

Cap Rate
6.25%
Tenant Name
Caliber Collision
Years Remaining On Lease
15.4
Gross SF
16,100
Guarantor
Corporate Guarantee
Rentable SF
16,100
Price/Gross SF
$352.91
Lease Type
Absolute Net
Rent Per Square Feet
$22.06

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 2024 Construction - Large Land Tract.
  • Caliber Collision is the Nation's Largest Collision Repair provider, with more than 1,700 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.
  • Near Numerous National Retailers including Walmart Supercenter, ALDI, The Home Depot, Lowe's, Sam's Club, Target, Super 1 Foods, Albertsons, Hobby Lobby and many more.
  • Minutes from Longview Mall - Longview's Premier Shopping Destination Offering Market-Exclusive Brands and Locally-Owned Specialty Shops. The Mall also hosts more than eight Events a Year.
  • In Close Proximity to Numerous Auto Dealerships and Auto Service Centers including Kia, Toyota, Mitsubishi, Honda, Nissan, Harley Davidson and many more.
  • Affluent Area: Features an Average Household Income of more than $106 within a 1-Mile Radius.
  • Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation.

Investment Overview

Longview is the 47th largest city in the state of Texas. The city is mostly located in Gregg County, of which it is the county seat; a small part of Longview extends into the western part of neighboring Harrison County. Longview is located in East Texas, where Interstate 20 and U.S. Highways 80 and 259 converge just north of the Sabine River. According to the 2020 U.S. census, the city had a population of 81,638. Longview is the principal city of the Longview Metropolitan Statistical Area, comprising Gregg, Upshur, and Rusk Counties. The population of the metropolitan area as of 2017 census estimates is 217,481. Today, Longview is considered a major hub city for the region, as is the nearby city of Tyler. In 2014, Forbes magazine ranked Longview as the sixth fastest-growing small city in the United States. Companies with significant presence in Longview are Eastman Chemical, Trinity Rail Group, AAON Coil Products and Komatsu Mining. Colleges and universities in the area include LeTourneau University, Kilgore College and the University of Texas at Tyler’s Longview University Center.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

  • Jon Talia

    First Vice President Investments

    (858) 373-3186

    Email Jon

    License(s): CA: 02031343

    San Diego Downtown

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3100

    License(s): TX: 0606255

    Texas

Financing By

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