Skip to main content

Auto Service - Gas-Conv

Caliber Collision Center | Birmingham | 15 Year Absolute Net Lease | Brand New Construction

7027 Meadowlark Dr, Birmingham, AL 35242

Listing Price: $6,405,440

Cap Rate
6.25%
Tenant Name
Caliber Collision
Years Remaining On Lease
15.6
Gross SF
16,100
Guarantor
Corporate Guarantee
Rentable SF
16,100
Price/Gross SF
$397.85
Lease Type
Absolute Net
Rent Per Square Feet
$24.87

Investment Overview

Birmingham, Alabama, is a dynamic city known for its rich history, diverse economy, and vibrant cultural scene. As the largest city in Alabama, Birmingham serves as an economic and cultural hub for the state. The city is well-connected with major interstates, including I-20, I-59, and I-65, facilitating easy travel within the region. Birmingham-Shuttlesworth International Airport provides convenient air travel options, while the Birmingham-Jefferson County Transit Authority (BJCTA) operates public transportation. Additionally, a growing network of bike lanes and walking trails promotes alternative transportation methods.

Birmingham’s economy is diverse and resilient, anchored by key sectors such as finance, healthcare, education, and manufacturing. The city is a major banking center, home to Regions Financial Corporation and other financial institutions. The University of Alabama at Birmingham (UAB) and its associated medical center are significant employers and research hubs in the healthcare sector. The manufacturing industry, particularly steel production and automotive manufacturing, remains robust. Birmingham’s economic landscape is further enriched by a mix of established corporations and innovative startups, contributing to a dynamic business environment.

The city offers a variety of shopping centers and attractions that cater to diverse interests. The Summit is a premier shopping destination with upscale retailers, restaurants, and entertainment options, while Riverchase Galleria in nearby Hoover is one of the largest shopping malls in the Southeast. Brookwood Village provides a more intimate shopping experience with a mix of national and local retailers. Birmingham’s attractions include the Birmingham Civil Rights Institute, Birmingham Museum of Art, Vulcan Park and Museum, Sloss Furnaces National Historic Landmark, and Railroad Park. These sites highlight the city’s historical significance, cultural offerings, and commitment to providing modern amenities, making Birmingham a vibrant and engaging environment for both residents and visitors.

Investment Highlights

  • 15 Year Absolute Net Lease (Zero Landlord Responsibilities) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. Brand New 2025 Construction.
  • 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.
  • The U.S. Route 280 Corridor is the Fastest-Growing Area in Birmingham, attracting Numerous National Retailers, Restaurants, and Office Tenants, making it a Thriving Hub for Businesses and Consumers alike.
  • Adjacent to a Walmart Supercenter and Surrounded by Numerous other National Retailers including Lowe's, The Home Depot, Winn-Dixie, Publix, Dick's Sporting Goods, Hobby Lobby and many more.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $138k and over 78k People Residing within a 5-Mile Radius. Shelby County has Experienced Steady Population Growth.
  • Birmingham, Alabama is Experiencing Unprecedented Growth in Population, Economy and Business Expansion Driving National Recognition. Birmingham Recently Named One of the Top 10 Markets with the Highest Occupancy Growth.
  • Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation. Immediate Area Experiencing Major Growth: Near Major Housing Developments including Windsor Court (120 Townhomes) and Griffin Park (325 Single-Family Homes), supporting Birmingham's Rapid Expansion and Housing needs.

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Financing By

Auto Service - Gas-Conv

Caliber Collision Center | Birmingham | 15 Year Absolute Net Lease | Brand New Construction

Listing Price: $6,405,440

Cap Rate
6.25%
Tenant Name
Caliber Collision
Years Remaining On Lease
15.6
Gross SF
16,100
Guarantor
Corporate Guarantee
Rentable SF
16,100
Price/Gross SF
$397.85
Lease Type
Absolute Net
Rent Per Square Feet
$24.87

Investment Highlights

  • 15 Year Absolute Net Lease (Zero Landlord Responsibilities) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. Brand New 2025 Construction.
  • 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.
  • The U.S. Route 280 Corridor is the Fastest-Growing Area in Birmingham, attracting Numerous National Retailers, Restaurants, and Office Tenants, making it a Thriving Hub for Businesses and Consumers alike.
  • Adjacent to a Walmart Supercenter and Surrounded by Numerous other National Retailers including Lowe's, The Home Depot, Winn-Dixie, Publix, Dick's Sporting Goods, Hobby Lobby and many more.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $138k and over 78k People Residing within a 5-Mile Radius. Shelby County has Experienced Steady Population Growth.
  • Birmingham, Alabama is Experiencing Unprecedented Growth in Population, Economy and Business Expansion Driving National Recognition. Birmingham Recently Named One of the Top 10 Markets with the Highest Occupancy Growth.
  • Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation. Immediate Area Experiencing Major Growth: Near Major Housing Developments including Windsor Court (120 Townhomes) and Griffin Park (325 Single-Family Homes), supporting Birmingham's Rapid Expansion and Housing needs.

Investment Overview

Birmingham, Alabama, is a dynamic city known for its rich history, diverse economy, and vibrant cultural scene. As the largest city in Alabama, Birmingham serves as an economic and cultural hub for the state. The city is well-connected with major interstates, including I-20, I-59, and I-65, facilitating easy travel within the region. Birmingham-Shuttlesworth International Airport provides convenient air travel options, while the Birmingham-Jefferson County Transit Authority (BJCTA) operates public transportation. Additionally, a growing network of bike lanes and walking trails promotes alternative transportation methods. Birmingham’s economy is diverse and resilient, anchored by key sectors such as finance, healthcare, education, and manufacturing. The city is a major banking center, home to Regions Financial Corporation and other financial institutions. The University of Alabama at Birmingham (UAB) and its associated medical center are significant employers and research hubs in the healthcare sector. The manufacturing industry, particularly steel production and automotive manufacturing, remains robust. Birmingham’s economic landscape is further enriched by a mix of established corporations and innovative startups, contributing to a dynamic business environment. The city offers a variety of shopping centers and attractions that cater to diverse interests. The Summit is a premier shopping destination with upscale retailers, restaurants, and entertainment options, while Riverchase Galleria in nearby Hoover is one of the largest shopping malls in the Southeast. Brookwood Village provides a more intimate shopping experience with a mix of national and local retailers. Birmingham’s attractions include the Birmingham Civil Rights Institute, Birmingham Museum of Art, Vulcan Park and Museum, Sloss Furnaces National Historic Landmark, and Railroad Park. These sites highlight the city’s historical significance, cultural offerings, and commitment to providing modern amenities, making Birmingham a vibrant and engaging environment for both residents and visitors.

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

Financing By

MM Texture Background
MM Textured Background Lower