Auto Service - Gas-Conv

Caliber | Charlottesville, VA | 15Yr Abs Net Lease | Qualifies for Accelerated Depreciation

1576 Avon Street Ext, Charlottesville, VA 22902

Listing Price: $6,196,400

Cap Rate
6.00%
Tenant Name
Caliber Collision
Years Remaining On Lease
15.30
Gross SF
18,365
Guarantor
Corporate Guarantee
Rentable SF
18,365
Price/Gross SF
$337.40
Lease Type
Absolute Net
Rent Per Square Feet
$20.24

Investment Overview

Charlottesville is home to the University of Virginia, with its core campus designed by Thomas Jefferson. The city is a gateway to Shenandoah National Park, along a section of the Blue Ridge Mountains. Charlottesville has seen the job market increase by 3.7% over the last year. Future job growth over the next ten years is predicted to be 42.7%, which is higher than the US average. Charlottesville is the home of the National Radio Astronomy Observatory headquarters, the Leander McCormick Observatory and the CFA Institute. The National Ground Intelligence Center is in the Charlottesville area. Other large employers nclude Crutchfield, GE Intelligent Platforms, PepsiCo and SNL Financial. The city is home to historical tourist destinations including, Jefferson’s mountain-top plantation, Monticello, and President James Monroe’s home, retains many original furnishings.

Investment Highlights

  • Densely Populated Affluent Area: Features an Average Household Income of $92k+ within a 1-Mile Radius and 97k+ People Residing within a 5-Mile Radius.
  • Positioned Along Area's Major Traffic & Industrial Corridor. Features Easy Access and Excellent Visibility w/ Daily Traffic Counts Exceeding 18k Vehicles. Just off of I-64 (48k+ VPD).
  • 15 Year Absolute Net Lease (Zero Landlord Responsibilities) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. Brand New 2021 Construction.
  • Caliber Collision Recently Merged with ABRA creating a Leading Collision Repair Chain of more than 1,100 Locations in 37 States.
  • Dominant Leadership: Hellman & Friedman, Private Equity Firm with Over $25 Billion of Total Assets, is the Majority Owners after Merger.
  • Across from 5th St. Station - Charlotteville's Newest Shopping District Comprised of 325k+ Sq.Ft. of Shopping and Restaurants.

Exclusively Listed By

Auto Service - Gas-Conv

Caliber | Charlottesville, VA | 15Yr Abs Net Lease | Qualifies for Accelerated Depreciation

Listing Price: $6,196,400

Cap Rate
6.00%
Tenant Name
Caliber Collision
Years Remaining On Lease
15.30
Gross SF
18,365
Guarantor
Corporate Guarantee
Rentable SF
18,365
Price/Gross SF
$337.40
Lease Type
Absolute Net
Rent Per Square Feet
$20.24

Investment Highlights

  • Densely Populated Affluent Area: Features an Average Household Income of $92k+ within a 1-Mile Radius and 97k+ People Residing within a 5-Mile Radius.
  • Positioned Along Area's Major Traffic & Industrial Corridor. Features Easy Access and Excellent Visibility w/ Daily Traffic Counts Exceeding 18k Vehicles. Just off of I-64 (48k+ VPD).
  • 15 Year Absolute Net Lease (Zero Landlord Responsibilities) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. Brand New 2021 Construction.
  • Caliber Collision Recently Merged with ABRA creating a Leading Collision Repair Chain of more than 1,100 Locations in 37 States.
  • Dominant Leadership: Hellman & Friedman, Private Equity Firm with Over $25 Billion of Total Assets, is the Majority Owners after Merger.
  • Across from 5th St. Station - Charlotteville's Newest Shopping District Comprised of 325k+ Sq.Ft. of Shopping and Restaurants.

Investment Overview

Charlottesville is home to the University of Virginia, with its core campus designed by Thomas Jefferson. The city is a gateway to Shenandoah National Park, along a section of the Blue Ridge Mountains. Charlottesville has seen the job market increase by 3.7% over the last year. Future job growth over the next ten years is predicted to be 42.7%, which is higher than the US average. Charlottesville is the home of the National Radio Astronomy Observatory headquarters, the Leander McCormick Observatory and the CFA Institute. The National Ground Intelligence Center is in the Charlottesville area. Other large employers nclude Crutchfield, GE Intelligent Platforms, PepsiCo and SNL Financial. The city is home to historical tourist destinations including, Jefferson’s mountain-top plantation, Monticello, and President James Monroe’s home, retains many original furnishings.

Exclusively Listed By

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