Investment Overview

Marcus & Millichap is pleased to offer for sale the fee simple interest in a 33,511-square-foot single-tenant auto-repair center (the Property) in Greenwood, IN, in which Caliber Collision has over three years remaining on its double-net lease. The lease features four 5-year renewal options with a 10 percent rent increase in each option to offset inflation. The Property, Including Three Buildings, sits on a generous 3.33-acre parcel with 182 surface parking spaces, a quarter mile from the 53,400+ AADT signalized intersection of Indiana State Road 135 and West Main Street. The Indiana State Road 135 retail corridor is anchored by Kroger and Meijer supermarkets, Menards and Home Depot home-improvement stores, and Walmart and Target department stores. Located 12.4 miles south of Indianapolis, Greenwood, IN, has seen its population increase 33 percent since 2010. Interstate 65, Interstate 69 and U.S. Route 31 serve the city, and IndyGo buses shuttle commuters to and from downtown Indianapolis. Greenwood is home to the U.S. headquarters of Endress+Hauser, which is adding a $50.9 million commercial office and light-industry facility to its Gr eenwood campus, and Spartan Logistics, Amazon, FedEx and Sarnova have distribution centers in the city. In 2014, Hellman & Friedman acquired ABRA Auto Body & Glass, and, in 2019, the private-equity investment firm purchased Caliber Collision, merged it with ABRA, and rebranded all ABRA shops including this one. Today over 1,800 locations operate under the Caliber Collision, Caliber Auto Glass and Caliber Auto Care banners. In 2024, Hellman & Friedman announced it would invest an additional $4.6 billion in Caliber. Offering a spacious property just off a busy retail corridor in the 2-million-person Indianapolis MSA, this exclusive net-lease opportunity also positions an investor to benefit from a growing tenant in the high-demand collision-repair industry.