Auto Service - Gas-Conv
Caliber Collision | Signalized Corner | Lafayette IN
215 S Creasy Ln, Lafayette, IN 47905
Listing Price: $2,390,000
Investment Overview
Caliber Collision facility on South Creasy Lane, occupied under a corporate-guaranteed net lease executed in September 2022 in connection with Caliber’s acquisition of the prior operator, Collision Express.
Caliber Collision | Signalized Corner | Lafayette IN
Investment Highlights
- Corporate guaranty — lease guaranteed by Wand Newco 3, Inc., parent of Caliber Collision, the largest collision repair operator in the U.S. with 1,800+ centers across 41 states
- 2% annual rent increases — every year of the term and both renewal options, no flat periods. Yield grows to 7.50% by base-term expiration and 9.14% if both options are exercised
- Prime signalized corner — 8,246 SF on 0.87 acres with full drive-around access and 10 grade-level roll-up doors. Fronts South Creasy Lane at 26,282 VPD, 2,200 feet south of SR 26 & Creasy, the busiest
- True net lease — tenant pays all operating expenses. Caliber remodeled the building and added offices in 2023, modifying the HVAC system and taking on its maintenance in the process
- Proven location — Caliber acquired the prior operator, Collision Express, at this site and leased the real estate to continue running it, then invested further in the building
- Growth market — nearly $6 billion of announced investment across Greater Lafayette, led by SK hynix's $3.87 billion semiconductor plant and Caterpillar's $725 million engine center upgrade. Purdue University is 13 minutes west.
Exclusively Listed By
Broker of Record
Financing By
Auto Service - Gas-Conv
Caliber Collision | Signalized Corner | Lafayette IN
Listing Price: $2,390,000
Investment Highlights
- Corporate guaranty — lease guaranteed by Wand Newco 3, Inc., parent of Caliber Collision, the largest collision repair operator in the U.S. with 1,800+ centers across 41 states
- 2% annual rent increases — every year of the term and both renewal options, no flat periods. Yield grows to 7.50% by base-term expiration and 9.14% if both options are exercised
- Prime signalized corner — 8,246 SF on 0.87 acres with full drive-around access and 10 grade-level roll-up doors. Fronts South Creasy Lane at 26,282 VPD, 2,200 feet south of SR 26 & Creasy, the busiest
- True net lease — tenant pays all operating expenses. Caliber remodeled the building and added offices in 2023, modifying the HVAC system and taking on its maintenance in the process
- Proven location — Caliber acquired the prior operator, Collision Express, at this site and leased the real estate to continue running it, then invested further in the building
- Growth market — nearly $6 billion of announced investment across Greater Lafayette, led by SK hynix's $3.87 billion semiconductor plant and Caterpillar's $725 million engine center upgrade. Purdue University is 13 minutes west.
Investment Overview
Caliber Collision facility on South Creasy Lane, occupied under a corporate-guaranteed net lease executed in September 2022 in connection with Caliber’s acquisition of the prior operator, Collision Express.
Exclusively Listed By
Broker of Record
Financing By
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