Auto Service - Gas-Conv

Caliber Collision Center | Outside Tampa | Long-Term Absolute Net Lease

2200 US-301, Palmetto (Outside Tampa), FL 34221

Listing Price: $3,108,538

Cap Rate
6.50%
Tenant Name
Caliber Collision
Years Remaining On Lease
10.2
Gross SF
32,138
Guarantor
Corporate Guarantee
Rentable SF
32,138
Price/Gross SF
$96.72
Lease Type
Absolute Net
Rent Per Square Feet
$6.29

Investment Overview

Palmetto is a city in Manatee County, Florida and is part of the North Port–Sarasota–Bradenton Metropolitan Statistical Area, located within 25 miles of Sarasota, St. Petersburg, Tampa and Bradenton and near the beautiful beaches of Anna Maria Island, LongBoat Key, Siesta Key and St. Pete Beach. The Sarasota metropolitan area is a metropolitan area located in Southwest Florida. The metropolitan area is defined by the Office of Management and Budget as the North Port–Sarasota–Bradenton metropolitan statistical area as a metropolitan statistical area (MSA) consisting of Manatee County and Sarasota County. The largest cities in the MSA are North Port and Sarasota (both in Sarasota County) and Bradenton (in Manatee County). At the 2010 Census, the MSA had a population of 702,281. The Census Bureau estimates that its population was 836,995 in 2019.

Investment Highlights

  • Long-Term Absolute Net Lease (Zero Landlord Responsibilities) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options.
  • 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.
  • Positioned Along Area's Major Traffic & Industrial Corridor. Features Easy Access and Excellent Visibility Along US-301 with Daily Traffic Counts Exceeding 37k Vehicles. Near Interstate-75 (121k+ VPD).
  • In Close Proximity to Numerous Light Industrial and Manufacturing Plants & Near National Retailers Including a Walmart Supercenter, ALDI, Walgreens, Winn-Dixie, Publix, CVS and many more.
  • Densely Populated Area: Features more than 157k People Residing within a 5-Mile Radius. The Population Has Grown In Excess of 13% Since 2000 and is Forecasted to Continue to Grow Steadily in the next coming Years.

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    License(s): FL: BK3154667

    Florida

Auto Service - Gas-Conv

Caliber Collision Center | Outside Tampa | Long-Term Absolute Net Lease

Listing Price: $3,108,538

Cap Rate
6.50%
Tenant Name
Caliber Collision
Years Remaining On Lease
10.2
Gross SF
32,138
Guarantor
Corporate Guarantee
Rentable SF
32,138
Price/Gross SF
$96.72
Lease Type
Absolute Net
Rent Per Square Feet
$6.29

Investment Highlights

  • Long-Term Absolute Net Lease (Zero Landlord Responsibilities) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options.
  • 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.
  • Positioned Along Area's Major Traffic & Industrial Corridor. Features Easy Access and Excellent Visibility Along US-301 with Daily Traffic Counts Exceeding 37k Vehicles. Near Interstate-75 (121k+ VPD).
  • In Close Proximity to Numerous Light Industrial and Manufacturing Plants & Near National Retailers Including a Walmart Supercenter, ALDI, Walgreens, Winn-Dixie, Publix, CVS and many more.
  • Densely Populated Area: Features more than 157k People Residing within a 5-Mile Radius. The Population Has Grown In Excess of 13% Since 2000 and is Forecasted to Continue to Grow Steadily in the next coming Years.

Investment Overview

Palmetto is a city in Manatee County, Florida and is part of the North Port–Sarasota–Bradenton Metropolitan Statistical Area, located within 25 miles of Sarasota, St. Petersburg, Tampa and Bradenton and near the beautiful beaches of Anna Maria Island, LongBoat Key, Siesta Key and St. Pete Beach. The Sarasota metropolitan area is a metropolitan area located in Southwest Florida. The metropolitan area is defined by the Office of Management and Budget as the North Port–Sarasota–Bradenton metropolitan statistical area as a metropolitan statistical area (MSA) consisting of Manatee County and Sarasota County. The largest cities in the MSA are North Port and Sarasota (both in Sarasota County) and Bradenton (in Manatee County). At the 2010 Census, the MSA had a population of 702,281. The Census Bureau estimates that its population was 836,995 in 2019.

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    License(s): FL: BK3154667

    Florida

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