Auto Service - Gas-Conv
Caliber Collision | Cleveland MSA | 15 Year Absolute Net Lease | Within Major Industrial Corridor
26001 Aurora Rd, Bedford Heights (Cleveland MSA), OH 44146
Listing Price: $3,980,000
Investment Overview
Cleveland is a city in the U.S. state of Ohio and the county seat of Cuyahoga County. Located in Northeast Ohio along the southern shore of Lake Erie, it is situated across the U.S. maritime border with Canada and lies approximately 60 miles west of Pennsylvania. Cleveland ranks as the most populous city on Lake Erie, the second-most populous city in Ohio, and the 54th-most populous city in the U.S. with a 2020 population of 372,624. The city anchors the Cleveland metropolitan area, the 33rd-largest in the U.S. at 2.18 million residents, as well as the larger Cleveland–Akron–Canton combined statistical area, the most populous in Ohio and the 17th-largest in the country with a population of 3.63 million in 2020. Designated as a global city by the Globalization and World Cities Research Network, Cleveland is home to several major cultural institutions, including the Cleveland Museum of Art, the Cleveland Museum of Natural History, the Cleveland Orchestra, the Cleveland Public Library, Playhouse Square, and the Rock and Roll Hall of Fame, as well as Case Western Reserve University. Known as “The Forest City” among many other nicknames, Cleveland serves as the center of the Cleveland Metroparks nature reserve system. The city’s major league professional sports teams include the Cleveland Browns, the Cleveland Cavaliers, and the Cleveland Guardians.
Investment Highlights
- 15 Year Absolute Net Lease (Zero Landlord Responsibilities) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options.
- 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.
- Densely Populated & Affluent Area: Features an Average Household Income of more than $86k and more than 141k People Residing within a 5-Mile Radius.
- Features Easy Access and Excellent Visibility with Daily Traffic Counts Exceeding 15k Vehicles. Convenient Freeway Access to I-480, Route 422, and I-271 with Access to all Northeast Ohio Market.
- Near Numerous Auto Dealerships and Auto Service Centers including CarMax, Chevrolet, Buick, Ford, Mercedes-Benz, Honda, Subaru, Audi, Mazda, Hyundai, Toyota, Acura and many more.
- Located in the Largest Industrial Submarket in NE Ohio w/ High-Performing and Growth Real Estate Fundamentals. W/in the Center of a 500 Mile Circle that contains half the Population of the United States and Canada.
- Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation.
Exclusively Listed By
Broker of Record
-
Michael L. Glass
Senior Vice President / Division Manager
Financing By
Auto Service - Gas-Conv
Caliber Collision | Cleveland MSA | 15 Year Absolute Net Lease | Within Major Industrial Corridor
Listing Price: $3,980,000
Investment Highlights
- 15 Year Absolute Net Lease (Zero Landlord Responsibilities) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options.
- 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.
- Densely Populated & Affluent Area: Features an Average Household Income of more than $86k and more than 141k People Residing within a 5-Mile Radius.
- Features Easy Access and Excellent Visibility with Daily Traffic Counts Exceeding 15k Vehicles. Convenient Freeway Access to I-480, Route 422, and I-271 with Access to all Northeast Ohio Market.
- Near Numerous Auto Dealerships and Auto Service Centers including CarMax, Chevrolet, Buick, Ford, Mercedes-Benz, Honda, Subaru, Audi, Mazda, Hyundai, Toyota, Acura and many more.
- Located in the Largest Industrial Submarket in NE Ohio w/ High-Performing and Growth Real Estate Fundamentals. W/in the Center of a 500 Mile Circle that contains half the Population of the United States and Canada.
- Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation.
Investment Overview
Cleveland is a city in the U.S. state of Ohio and the county seat of Cuyahoga County. Located in Northeast Ohio along the southern shore of Lake Erie, it is situated across the U.S. maritime border with Canada and lies approximately 60 miles west of Pennsylvania. Cleveland ranks as the most populous city on Lake Erie, the second-most populous city in Ohio, and the 54th-most populous city in the U.S. with a 2020 population of 372,624. The city anchors the Cleveland metropolitan area, the 33rd-largest in the U.S. at 2.18 million residents, as well as the larger Cleveland–Akron–Canton combined statistical area, the most populous in Ohio and the 17th-largest in the country with a population of 3.63 million in 2020. Designated as a global city by the Globalization and World Cities Research Network, Cleveland is home to several major cultural institutions, including the Cleveland Museum of Art, the Cleveland Museum of Natural History, the Cleveland Orchestra, the Cleveland Public Library, Playhouse Square, and the Rock and Roll Hall of Fame, as well as Case Western Reserve University. Known as “The Forest City” among many other nicknames, Cleveland serves as the center of the Cleveland Metroparks nature reserve system. The city’s major league professional sports teams include the Cleveland Browns, the Cleveland Cavaliers, and the Cleveland Guardians.
Exclusively Listed By
Broker of Record
-
Michael L. Glass
Senior Vice President / Division Manager
Financing By
![MM Texture Background](https://www.marcusmillichap.com/-/media/Images/MM/MM%20Hero%20Images/mm-news-research-hero-background.jpg?h=1030&iar=0&w=2880&rev=1569e23dd24a4ecea0b588f7ee537310&hash=B6D3CA35A0504F883C2C5068EE8436C0)
![MM Textured Background Lower](https://www.marcusmillichap.com/-/media/Images/MM/MM%20Hero%20Images/mm-property-footer-background%20jpg.jpg?h=1030&iar=0&w=2880&rev=f3ed593e923445f38df9f1c32d8d190f&hash=323A48081850EDAAE5E1F61061CADFD9)