Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire fee simple interest in the Caliber Collision portfolio located in the Greenville-Spartanburg MSA. Totaling 165,175 square-feet, the properties are well positioned each in high-traffic areas of Fountain Inn, Greenville, Spartanburg, & Taylors. All properties are occupied by the credit tenant, Caliber Collision, with NN leases and minimal landlord responsibility. Each lease features CPI escalations every 3 years with a maximum increase of 6%. Each of the properties have approximately 1 year of term remaining with two, 5-year options. The assets offer long-term upside opportunity by negotiating higher rents or leasing them individually for market rent should Caliber Collision vacate. The upstate region of South Carolina is located in the northwesternmost portion of the state. It is also known as the Greenville-Spartanburg-Anderson combined statistical area, consisting of 10 counties: Anderson, Greenville, Laurens, Pickens, Spartanburg, Union, Cherokee, Abbeville, Greenwood and Oconee. The area is home to 1.5 million residents. Greenville County boasts many large businesses and financial companies, houses various regional offices and continues to attract new firms. The county seat and most populous city is Greenville, with roughly 72,000 residents. Additional portions of the metro are known for manufacturing and a variety of other industries.