Auto Parts
Classic Collision
1238 Rauhut St, Burlington, NC 27217
Listing Price: $1,314,000
Investment Overview
Growing Carolina Corridor Market - Burlington MSA, 1.53% annual population growth, positioned between the Piedmont Triad (1.7M) and the Research Triangle at the I-40/I-85 interchange
Strategic Location - Adjacent to Alamance Regional Medical Center (238-bed hospital), one exit off I-40/I-85, along South Church St corridor carrying ~26,000 vehicles/day, near LabCorp global HQ
Recession-Resistant Asset Class - Collision repair demand is accident-driven and insurance-reimbursed, insulating the sector from e-commerce disruption and consumer spending cycles
Classic Collision
Investment Highlights
- Corporate Tenant - Classic Collision, full corporate guarantee, one of the largest privately held collision repair operators (350+ locations) in the U.S., backed by New Mountain Capital
- ~8 Years Remaining on Initial Term - Lease commenced October 2023, Double Net structure, three five-year renewal options extending occupancy through 2048
- Built-In Rent Growth - 10% escalations every 5 years with limited landlord responsibility
Exclusively Listed By
Broker of Record
-
Charles Gallagher
Senior Director, Market Leader- Washington D.C./Virgina/Maryland
Listing Price: $1,314,000
Investment Highlights
- Corporate Tenant - Classic Collision, full corporate guarantee, one of the largest privately held collision repair operators (350+ locations) in the U.S., backed by New Mountain Capital
- ~8 Years Remaining on Initial Term - Lease commenced October 2023, Double Net structure, three five-year renewal options extending occupancy through 2048
- Built-In Rent Growth - 10% escalations every 5 years with limited landlord responsibility
Investment Overview
Growing Carolina Corridor Market - Burlington MSA, 1.53% annual population growth, positioned between the Piedmont Triad (1.7M) and the Research Triangle at the I-40/I-85 interchange Strategic Location - Adjacent to Alamance Regional Medical Center (238-bed hospital), one exit off I-40/I-85, along South Church St corridor carrying ~26,000 vehicles/day, near LabCorp global HQ Recession-Resistant Asset Class - Collision repair demand is accident-driven and insurance-reimbursed, insulating the sector from e-commerce disruption and consumer spending cycles
Exclusively Listed By
Broker of Record
-
Charles Gallagher
Senior Director, Market Leader- Washington D.C./Virgina/Maryland
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