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Shopping Auto Center

Caliber Collision

4416 Merle Hay Rd, Urbandale, IA 50322

Listing Price: $1,525,000

Cap Rate
6.78%
Gross SF
5,888
Rentable SF
5,888
Price/Gross SF
$259.00
Lot Size
0.37 acres
Year Built
1964

Investment Overview

• Corporate Lease with Caliber Collision
- Nation’s Largest Autobody Repair Company
• Lease Backed by Corporate Guaranty
- Guaranteed by Wans Newco 3, Inc. (Caliber Parent Entity)
• Long-Term Triple Net Lease through 2031
- Two 5-Year Options with Fair Market Rent Upside
• Built-In 2% Annual Rental Increases
- Hedge Against Inflation with Steady NOI Growth
• Located on Merle Hay Road "Dealership Row“
- Surrounded by Kia, Ford, Nissan & Other Major Auto Dealers
- Ideal Co-Tenancy Driving Captive Demand for Collision Repair
• Strong Market Fundamentals
- Population of 187,000+ within a Five Mile Radius
• Affluent Trade Area Demographics
- Average Household Income Exceeds $102,000 (5-Mile)
• Successful Longstanding Operating Business
- Caliber Operating at Site Since 2021 Acquisition (Sale-Leaseback)
• Located in Iowa’s Largest MSA
- Des Moines Metro- 707,000 Residents & Growing 4.5%

Investment Highlights

  • • Corporate Lease with Caliber Collision - Nation's Largest Autobody Repair Company
  • • Lease Backed by Corporate Guaranty - Guaranteed by Wans Newco 3, Inc. (Caliber Parent Entity)
  • • Long-Term Triple Net Lease through 2031 - Two 5-Year Options with Fair Market Rent Upside
  • • Built-In 2% Annual Rental Increases - Hedge Against Inflation with Steady NOI Growth
  • • Located on Merle Hay Road "Dealership Row" - Surrounded by Kia, Ford, Nissan & Other Major Auto Dealers - Ideal Co-Tenancy Driving Captive Demand for Collision Repair
  • • Strong Market Fundamentals - Population of 187,000+ within a Five Mile Radius
  • • Affluent Trade Area Demographics - Average Household Income Exceeds $102,000 (5-Mile)
  • • Successful Longstanding Operating Business - Caliber Operating at Site Since 2021 Acquisition (Sale-Leaseback)

Broker of Record

  • Jon Ruzicka

    Senior Managing Director Investments

    (952) 852-9700

    License(s) IA: B63379000

    Iowa

Financing By

Shopping Auto Center

Caliber Collision

Listing Price: $1,525,000

Cap Rate
6.78%
Gross SF
5,888
Rentable SF
5,888
Price/Gross SF
$259.00
Lot Size
0.37 acres
Year Built
1964

Investment Highlights

  • • Corporate Lease with Caliber Collision - Nation's Largest Autobody Repair Company
  • • Lease Backed by Corporate Guaranty - Guaranteed by Wans Newco 3, Inc. (Caliber Parent Entity)
  • • Long-Term Triple Net Lease through 2031 - Two 5-Year Options with Fair Market Rent Upside
  • • Built-In 2% Annual Rental Increases - Hedge Against Inflation with Steady NOI Growth
  • • Located on Merle Hay Road "Dealership Row" - Surrounded by Kia, Ford, Nissan & Other Major Auto Dealers - Ideal Co-Tenancy Driving Captive Demand for Collision Repair
  • • Strong Market Fundamentals - Population of 187,000+ within a Five Mile Radius
  • • Affluent Trade Area Demographics - Average Household Income Exceeds $102,000 (5-Mile)
  • • Successful Longstanding Operating Business - Caliber Operating at Site Since 2021 Acquisition (Sale-Leaseback)

Investment Overview

• Corporate Lease with Caliber Collision - Nation’s Largest Autobody Repair Company • Lease Backed by Corporate Guaranty - Guaranteed by Wans Newco 3, Inc. (Caliber Parent Entity) • Long-Term Triple Net Lease through 2031 - Two 5-Year Options with Fair Market Rent Upside • Built-In 2% Annual Rental Increases - Hedge Against Inflation with Steady NOI Growth • Located on Merle Hay Road "Dealership Row“ - Surrounded by Kia, Ford, Nissan & Other Major Auto Dealers - Ideal Co-Tenancy Driving Captive Demand for Collision Repair • Strong Market Fundamentals - Population of 187,000+ within a Five Mile Radius • Affluent Trade Area Demographics - Average Household Income Exceeds $102,000 (5-Mile) • Successful Longstanding Operating Business - Caliber Operating at Site Since 2021 Acquisition (Sale-Leaseback) • Located in Iowa’s Largest MSA - Des Moines Metro- 707,000 Residents & Growing 4.5%

Broker of Record

  • Jon Ruzicka

    Senior Managing Director Investments

    (952) 852-9700

    License(s): IA: B63379000

    Iowa

Financing By

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