Auto Parts
Cascade Collision Repair | Spanish Fork
1912 N Main St, Spanish Fork, UT 84660
Listing Price: $6,062,400
Cap Rate
6.70%
Tenant Name
Cascade Collision Repair
Years Remaining On Lease
8.9
Gross SF
22,638
Guarantor
Corporate Guarantee
Rentable SF
22,638
Price/Gross SF
$267.80
Lease Type
Double Net
Rent Per Square Feet
$17.93
Investment Overview
ignifi cant Tax Benefi ts - Subject Property Qualifi es for Tax Savings via Accelerated Depreciation and Cost Segregation. Please consult with your CPA.
Investment Highlights
- New 10-Year NN Lease.
- Cascade Collision Repair is a region-dominating company with prime collision center locations across major Utah markets.
- The brand is now owned by Quality Collision Group (QCG), a growing national owner and operator of OEM-certifi ed collision repair centers.
- Passive investment opportunity with minimal landlord responsibilities.
- Tenant more than doubled their footprint (12,000 additional SF) with brand new 2024 expansion, demonstrating serious commitment to the site.
- Strong three percent (3%) annual rent increases to effectively hedge against inflation.
- Brand new 2024 expansion, doubling the site's footprint, positioned directly off of I-15 (109,000+ VPD). All Cascade Collision Repair locations leverage their high visibility and convenient access along highly trafficked thoroughfares.
Broker of Record
Financing By
Listing Price: $6,062,400
Cap Rate
6.70%
Tenant Name
Cascade Collision Repair
Years Remaining On Lease
8.9
Gross SF
22,638
Guarantor
Corporate Guarantee
Rentable SF
22,638
Price/Gross SF
$267.80
Lease Type
Double Net
Rent Per Square Feet
$17.93
Investment Highlights
- New 10-Year NN Lease.
- Cascade Collision Repair is a region-dominating company with prime collision center locations across major Utah markets.
- The brand is now owned by Quality Collision Group (QCG), a growing national owner and operator of OEM-certifi ed collision repair centers.
- Passive investment opportunity with minimal landlord responsibilities.
- Tenant more than doubled their footprint (12,000 additional SF) with brand new 2024 expansion, demonstrating serious commitment to the site.
- Strong three percent (3%) annual rent increases to effectively hedge against inflation.
- Brand new 2024 expansion, doubling the site's footprint, positioned directly off of I-15 (109,000+ VPD). All Cascade Collision Repair locations leverage their high visibility and convenient access along highly trafficked thoroughfares.
Investment Overview
ignifi cant Tax Benefi ts - Subject Property Qualifi es for Tax Savings via Accelerated Depreciation and Cost Segregation. Please consult with your CPA.