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Auto Service - Gas-Conv

Caliber Collision | Cleveland MSA | 15 Year Abs. Net Lease | Qualifies for Accelerated Depreciation

4174 Mayfield Rd, South Euclid (Cleveland MSA), OH 44121

Listing Price: $3,024,000

Cap Rate
6.75%
Tenant Name
Caliber Collision
Years Remaining On Lease
14.8
Gross SF
13,152
Guarantor
Corporate Guarantee
Rentable SF
13,152
Price/Gross SF
$229.93
Lease Type
Absolute Net
Rent Per Square Feet
$15.52

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 intends to Replace the Roof.
  • 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 $80k within a 3-Mile Radius and more than 310k People Residing within a 5-Mile Radius.
  • Positioned Along Area's Retail and Traffic Corridor. Hard Corner Location: Features Easy Access and Excellent Visibility with Daily Traffic Counts Exceeding 23k Vehicles.
  • Minutes from Numerous Shopping Centers and Malls including Beachwood Place (135+ Stores), Legacy Village (30+ Stores), University Square (31+ Stores), Severance Town Center and more.
  • Near Numerous National Retailers including ALDI, Marc's, Walmart Supercenter, TJ Maxx, HomeGoods, Giant Eagle Supermarket, Walgreens and more.
  • 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

  • Michael L. Glass

    Senior Vice President / Division Manager

    (614) 360-9800

    License(s) OH: BRK.2007005898

    Ohio

Financing By

Auto Service - Gas-Conv

Caliber Collision | Cleveland MSA | 15 Year Abs. Net Lease | Qualifies for Accelerated Depreciation

Listing Price: $3,024,000

Cap Rate
6.75%
Tenant Name
Caliber Collision
Years Remaining On Lease
14.8
Gross SF
13,152
Guarantor
Corporate Guarantee
Rentable SF
13,152
Price/Gross SF
$229.93
Lease Type
Absolute Net
Rent Per Square Feet
$15.52

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 intends to Replace the Roof.
  • 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 $80k within a 3-Mile Radius and more than 310k People Residing within a 5-Mile Radius.
  • Positioned Along Area's Retail and Traffic Corridor. Hard Corner Location: Features Easy Access and Excellent Visibility with Daily Traffic Counts Exceeding 23k Vehicles.
  • Minutes from Numerous Shopping Centers and Malls including Beachwood Place (135+ Stores), Legacy Village (30+ Stores), University Square (31+ Stores), Severance Town Center and more.
  • Near Numerous National Retailers including ALDI, Marc's, Walmart Supercenter, TJ Maxx, HomeGoods, Giant Eagle Supermarket, Walgreens and more.
  • 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

  • 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

  • Michael L. Glass

    Senior Vice President / Division Manager

    (614) 360-9800

    License(s): OH: BRK.2007005898

    Ohio

Financing By

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