Auto Service - Gas-Conv
Caliber Collision Center | Outside Charlotte | 15 Year Absolute Net Lease | 2025 Renovation
1167 S Center St, Hickory (Near Charlotte), NC 28602
Listing Price: $5,247,659
Investment Overview
Hickory is a city in North Carolina, located approximately 60 miles northwest of Charlotte. Hickory’s population in the 2022 United States Census Bureau estimate was 44,084. Hickory is the main city of the Hickory–Lenoir–Morganton Metropolitan Statistical Area, which had a population of 368,347 in the 2022 census. In 2014, Reader’s Digest named the Hickory metro area as the 10th best place to live and raise a family in the United States. Forbes named the Hickory-Lenoir-Morganton MSA the third best MSA in the country for business cost in the same year. The Hickory MSA was also identified by Smart Growth America in 2014 as being the country’s most sprawling metro area. Early industries such as wagon-making, as well as proximity to expansive forests and excellent transportation via two intersecting railroads, provided fertile ground for the emergence of the furniture industry. Likewise experience with textile manufacturing and easy access to power drove new industries in both fiber-optic cable and pressure-sensitive tape. Forty percent of the world’s fiber optic cable is made in the Hickory area. Adhesive tape manufacturer Shurtape Technologies and Fortune 500 network infrastructure provider CommScope are based in Hickory. The Hickory area is marketed as a data-center corridor and is home to large data centers operated by Apple and Google. Apple’s billion-dollar data center campus just south of Hickory is one of the world’s largest.
Caliber Collision Center | Outside Charlotte | 15 Year Absolute Net Lease | 2025 Renovation
Investment Highlights
- 15 Year Absolute Net Lease (Zero Landlord Responsibilities) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. 2024-2025 Full Interior and Exterior Renovation.
- 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.
- Surrounded by Numerous Auto Dealerships and Auto Service Centers including Kia, Hyundai, GMC, Buick, Chevrolet, Cadillac, Volkswagen, Toyota, Honda, Nissan and more.
- In Close Proximity to Numerous National Retailers including The Home Depot, Sam's Club, Walmart Supercenter, Lowe's, Academy Sports, Hobby Lobby, Target and many more.
- Near Valley Hills Mall - an 862k+ Sq. Ft. Two-Story Regional Shopping Center anchored by Belk, Dillard's, J. C. Penney and features more than 70 Retailers and Restaurants.
- Positioned Along Area's Major Traffic and Retail Corridor. Features Easy Access and Excellent Visibility along US-Hwy 70 with Daily Traffic Counts Exceeding 17k Vehicles. Near Interstate-40 (60k+ VPD).
- Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation.
Exclusively Listed By
Broker of Record
-
Donald Gilchrist
First Vice President Investments
Financing By
Auto Service - Gas-Conv
Caliber Collision Center | Outside Charlotte | 15 Year Absolute Net Lease | 2025 Renovation
Listing Price: $5,247,659
Investment Highlights
- 15 Year Absolute Net Lease (Zero Landlord Responsibilities) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. 2024-2025 Full Interior and Exterior Renovation.
- 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.
- Surrounded by Numerous Auto Dealerships and Auto Service Centers including Kia, Hyundai, GMC, Buick, Chevrolet, Cadillac, Volkswagen, Toyota, Honda, Nissan and more.
- In Close Proximity to Numerous National Retailers including The Home Depot, Sam's Club, Walmart Supercenter, Lowe's, Academy Sports, Hobby Lobby, Target and many more.
- Near Valley Hills Mall - an 862k+ Sq. Ft. Two-Story Regional Shopping Center anchored by Belk, Dillard's, J. C. Penney and features more than 70 Retailers and Restaurants.
- Positioned Along Area's Major Traffic and Retail Corridor. Features Easy Access and Excellent Visibility along US-Hwy 70 with Daily Traffic Counts Exceeding 17k Vehicles. Near Interstate-40 (60k+ VPD).
- Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation.
Investment Overview
Hickory is a city in North Carolina, located approximately 60 miles northwest of Charlotte. Hickory’s population in the 2022 United States Census Bureau estimate was 44,084. Hickory is the main city of the Hickory–Lenoir–Morganton Metropolitan Statistical Area, which had a population of 368,347 in the 2022 census. In 2014, Reader’s Digest named the Hickory metro area as the 10th best place to live and raise a family in the United States. Forbes named the Hickory-Lenoir-Morganton MSA the third best MSA in the country for business cost in the same year. The Hickory MSA was also identified by Smart Growth America in 2014 as being the country’s most sprawling metro area. Early industries such as wagon-making, as well as proximity to expansive forests and excellent transportation via two intersecting railroads, provided fertile ground for the emergence of the furniture industry. Likewise experience with textile manufacturing and easy access to power drove new industries in both fiber-optic cable and pressure-sensitive tape. Forty percent of the world’s fiber optic cable is made in the Hickory area. Adhesive tape manufacturer Shurtape Technologies and Fortune 500 network infrastructure provider CommScope are based in Hickory. The Hickory area is marketed as a data-center corridor and is home to large data centers operated by Apple and Google. Apple’s billion-dollar data center campus just south of Hickory is one of the world’s largest.
Exclusively Listed By
Broker of Record
-
Donald Gilchrist
First Vice President Investments
Financing By
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