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Auto Service - Gas-Conv

Caliber Collision | 6.90% CAP | 15 Year Absolute Net Lease | Qualifies for Accelerated Depreciation

2505 S Oliver Ave, Wichita, KS 67210

Listing Price: $3,977,492

Cap Rate
6.90%
Tenant Name
Caliber Collision
Years Remaining On Lease
14.8
Gross SF
28,515
Guarantor
Corporate Guarantee
Rentable SF
28,515
Price/Gross SF
$139.49
Lease Type
Absolute Net
Rent Per Square Feet
$9.62

Investment Overview

Wichita is the largest city in the U.S. state of Kansas and the county seat of Sedgwick County. As of the 2020 census, the population of the city was 397,532. The Wichita metro area had a population of 647,610 in 2020. It is located in south-central Kansas on the Arkansas River. In the 1920s and 1930s, businessmen and aeronautical engineers established aircraft manufacturing companies in Wichita, including Beechcraft, Cessna, and Stearman Aircraft. The city became an aircraft production hub known as “The Air Capital of the World”. Textron Aviation, Learjet, Airbus, and Boeing/Spirit AeroSystems continue to operate design and manufacturing facilities in Wichita, and the city remains a major center of the American aircraft industry. Several airports located within the city of Wichita include McConnell Air Force Base, Colonel James Jabara Airport, and Wichita Dwight D. Eisenhower National Airport, the largest airport in Kansas. As an industrial hub, Wichita is a regional center of culture, media, and trade. It hosts several universities, large museums, theaters, parks, shopping centers, and entertainment venues, most notably Intrust Bank Arena and Century II Performing Arts & Convention Center. The city’s Old Cowtown Museum maintains historical artifacts and exhibits the city’s early history. Wichita State University is the third-largest post-secondary institution in the state.

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.
  • Situated Along Major Transportation Routes, Including I-135, I-35 and Kansas Highway 96. Its Strategic Location Provides Convenient Access to Transportation Networks, Facilitating the Movement of Goods and Materials.
  • The Southeast Industrial Corridor is a Vital Economic Driver for the Wichita Region. The Industrial Businesses Located here Contribute to Job Creation, Economic Growth, and the Overall Prosperity of the Community.
  • Wichita's Principal Industrial Sector is Manufacturing, which Accounts for 21.6% of Area Employment and has Long Dominated the Local Economy.
  • In Close Proximity to McConnell Air Force Base - a Prominent Military Installation in Kansas and Serves as the Headquarters for the Air Mobility Command's 22nd Air Refueling Wing. Densely Populated Area: Features more than 190k People Residing within a 5-Mile Radius. The Largest City in the State of Kansas, Wichita Continues to Diversify, Innovate, and Attract new Businesses & Residents.
  • 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

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s) KS: 00241410

    Kansas

Financing By

Auto Service - Gas-Conv

Caliber Collision | 6.90% CAP | 15 Year Absolute Net Lease | Qualifies for Accelerated Depreciation

Listing Price: $3,977,492

Cap Rate
6.90%
Tenant Name
Caliber Collision
Years Remaining On Lease
14.8
Gross SF
28,515
Guarantor
Corporate Guarantee
Rentable SF
28,515
Price/Gross SF
$139.49
Lease Type
Absolute Net
Rent Per Square Feet
$9.62

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.
  • Situated Along Major Transportation Routes, Including I-135, I-35 and Kansas Highway 96. Its Strategic Location Provides Convenient Access to Transportation Networks, Facilitating the Movement of Goods and Materials.
  • The Southeast Industrial Corridor is a Vital Economic Driver for the Wichita Region. The Industrial Businesses Located here Contribute to Job Creation, Economic Growth, and the Overall Prosperity of the Community.
  • Wichita's Principal Industrial Sector is Manufacturing, which Accounts for 21.6% of Area Employment and has Long Dominated the Local Economy.
  • In Close Proximity to McConnell Air Force Base - a Prominent Military Installation in Kansas and Serves as the Headquarters for the Air Mobility Command's 22nd Air Refueling Wing. Densely Populated Area: Features more than 190k People Residing within a 5-Mile Radius. The Largest City in the State of Kansas, Wichita Continues to Diversify, Innovate, and Attract new Businesses & Residents.
  • Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation.

Investment Overview

Wichita is the largest city in the U.S. state of Kansas and the county seat of Sedgwick County. As of the 2020 census, the population of the city was 397,532. The Wichita metro area had a population of 647,610 in 2020. It is located in south-central Kansas on the Arkansas River. In the 1920s and 1930s, businessmen and aeronautical engineers established aircraft manufacturing companies in Wichita, including Beechcraft, Cessna, and Stearman Aircraft. The city became an aircraft production hub known as “The Air Capital of the World”. Textron Aviation, Learjet, Airbus, and Boeing/Spirit AeroSystems continue to operate design and manufacturing facilities in Wichita, and the city remains a major center of the American aircraft industry. Several airports located within the city of Wichita include McConnell Air Force Base, Colonel James Jabara Airport, and Wichita Dwight D. Eisenhower National Airport, the largest airport in Kansas. As an industrial hub, Wichita is a regional center of culture, media, and trade. It hosts several universities, large museums, theaters, parks, shopping centers, and entertainment venues, most notably Intrust Bank Arena and Century II Performing Arts & Convention Center. The city’s Old Cowtown Museum maintains historical artifacts and exhibits the city’s early history. Wichita State University is the third-largest post-secondary institution in the state.

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

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s): KS: 00241410

    Kansas

Financing By

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