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Caliber Collision Center | Tulsa MSA | Long Term Absolute Net Lease | 2024 Construction

11424 S Union Ave, Jenks (Tulsa MSA), OK 74037

Listing Price: $4,987,077

Cap Rate
5.85%
Tenant Name
Caliber Collision
Years Remaining On Lease
13.1
Gross SF
14,600
Guarantor
Corporate Guarantee
Rentable SF
14,600
Price/Gross SF
$341.58
Lease Type
Absolute Net
Rent Per Square Feet
$19.98

Investment Overview

Jenks, Oklahoma, is a vibrant city located just south of Tulsa, known for its rich history, thriving community, and scenic landscapes. Established in 1905, Jenks has grown from a small agricultural town into a bustling suburb while retaining its unique charm.

One of the city’s most notable attractions is the Oklahoma Aquarium, which houses thousands of marine animals and offers interactive exhibits for visitors of all ages. This facility not only serves as an educational resource but also hosts various events throughout the year, making it a central hub for community engagement.

The area is also home to the RiverWalk, a picturesque development along the Arkansas River. This destination features a variety of dining options, boutique shops, and entertainment venues, providing residents and visitors with a lively atmosphere to relax and socialize. Seasonal events and live performances further enhance the RiverWalk’s appeal, making it a popular spot for gatherings and celebrations.

For those interested in the arts, the nearby Jenks Center for the Arts offers a platform for local artists to showcase their work. The center hosts regular exhibitions, workshops, and classes, fostering a creative community and enriching the cultural fabric of the city.

Education is a cornerstone of the Jenks community. The Jenks Public School District is renowned for its commitment to academic excellence and offers a range of programs to support student development. The district’s facilities are equipped with modern amenities, and its educators are dedicated to providing a nurturing learning environment.

Nature enthusiasts will appreciate the numerous parks and recreational areas scattered throughout Jenks. These green spaces offer walking trails, playgrounds, and picnic areas, allowing families and individuals to enjoy outdoor activities amidst serene settings. The city’s commitment to maintaining these areas ensures that residents have ample opportunities to connect with nature.

Investment Highlights

  • Long Term Absolute Net Lease (Zero Landlord Responsibilities) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. Brand New Construction.
  • Caliber Collision is the Nation's Largest Collision Repair provider, with more than 1,800 Convenient Locations in 41 States - and Growing.
  • Dominant Leadership: Hellman & Friedman, Private Equity Firm with Over $25 Billion of Total Assets, is the Majority Owners after Merger.
  • Positioned Roughly 8 Miles South of Downtown Tulsa, Jenks is Tulsa's most Desired and Fastest-Growing Suburb (and One of the Fastest-Growing Cities in all of Oklahoma).
  • Near Tulsa Premium Outlets - an Outdoor Shopping/Outlet Center featuring more than 75 Designer and Name-Brand Stores. As Tulsa's first Outdoor Outlet Center, it recently Celebrated its Grand Opening in August 2024.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $133k within a 1-Mile Radius and over 80k People Residing within a 5-Mile Radius. Jenks has Experienced Steady Population Growth.
  • Minutes from Tulsa Riverside Airport - a General Aviation Airport serving Private, Corporate, and Flight Training Operations. It is the Busiest in Oklahoma in Terms of Takeoffs and Landings (223k+ in 2023).
  • Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego Downtown

  • Jon Talia

    First Vice President Investments

    (858) 373-3186

    Email Jon

    License(s): CA: 02031343

    San Diego Downtown

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (918) 294-6300

    License(s) OK: 149994

    Oklahoma

Financing By

Auto Service - Gas-Conv

Caliber Collision Center | Tulsa MSA | Long Term Absolute Net Lease | 2024 Construction

Listing Price: $4,987,077

Cap Rate
5.85%
Tenant Name
Caliber Collision
Years Remaining On Lease
13.1
Gross SF
14,600
Guarantor
Corporate Guarantee
Rentable SF
14,600
Price/Gross SF
$341.58
Lease Type
Absolute Net
Rent Per Square Feet
$19.98

Investment Highlights

  • Long Term Absolute Net Lease (Zero Landlord Responsibilities) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. Brand New Construction.
  • Caliber Collision is the Nation's Largest Collision Repair provider, with more than 1,800 Convenient Locations in 41 States - and Growing.
  • Dominant Leadership: Hellman & Friedman, Private Equity Firm with Over $25 Billion of Total Assets, is the Majority Owners after Merger.
  • Positioned Roughly 8 Miles South of Downtown Tulsa, Jenks is Tulsa's most Desired and Fastest-Growing Suburb (and One of the Fastest-Growing Cities in all of Oklahoma).
  • Near Tulsa Premium Outlets - an Outdoor Shopping/Outlet Center featuring more than 75 Designer and Name-Brand Stores. As Tulsa's first Outdoor Outlet Center, it recently Celebrated its Grand Opening in August 2024.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $133k within a 1-Mile Radius and over 80k People Residing within a 5-Mile Radius. Jenks has Experienced Steady Population Growth.
  • Minutes from Tulsa Riverside Airport - a General Aviation Airport serving Private, Corporate, and Flight Training Operations. It is the Busiest in Oklahoma in Terms of Takeoffs and Landings (223k+ in 2023).
  • Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation.

Investment Overview

Jenks, Oklahoma, is a vibrant city located just south of Tulsa, known for its rich history, thriving community, and scenic landscapes. Established in 1905, Jenks has grown from a small agricultural town into a bustling suburb while retaining its unique charm. One of the city’s most notable attractions is the Oklahoma Aquarium, which houses thousands of marine animals and offers interactive exhibits for visitors of all ages. This facility not only serves as an educational resource but also hosts various events throughout the year, making it a central hub for community engagement. The area is also home to the RiverWalk, a picturesque development along the Arkansas River. This destination features a variety of dining options, boutique shops, and entertainment venues, providing residents and visitors with a lively atmosphere to relax and socialize. Seasonal events and live performances further enhance the RiverWalk’s appeal, making it a popular spot for gatherings and celebrations. For those interested in the arts, the nearby Jenks Center for the Arts offers a platform for local artists to showcase their work. The center hosts regular exhibitions, workshops, and classes, fostering a creative community and enriching the cultural fabric of the city. Education is a cornerstone of the Jenks community. The Jenks Public School District is renowned for its commitment to academic excellence and offers a range of programs to support student development. The district’s facilities are equipped with modern amenities, and its educators are dedicated to providing a nurturing learning environment. Nature enthusiasts will appreciate the numerous parks and recreational areas scattered throughout Jenks. These green spaces offer walking trails, playgrounds, and picnic areas, allowing families and individuals to enjoy outdoor activities amidst serene settings. The city’s commitment to maintaining these areas ensures that residents have ample opportunities to connect with nature.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego Downtown

  • Jon Talia

    First Vice President Investments

    (858) 373-3186

    Email Jon

    License(s): CA: 02031343

    San Diego Downtown

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (918) 294-6300

    License(s): OK: 149994

    Oklahoma

Financing By

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