Auto Parts

Caliber Collision

2200 Bypass Rd, Elkhart, IN 46514

Listing Price: $3,328,000

Cap Rate
5.75%
Tenant Name
Caliber Collision
Years Remaining On Lease
15.2
Gross SF
17,000
Guarantor
Corporate Guarantee
Rentable SF
17,000
Price/Gross SF
$195.76
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$11.26

Investment Overview

This newly renovated opportunity, offers an investor a 15 year true NNN passive investment opportunity to be delivered 1stQ2021 (estimated for March). The lease calls for two 5-year options with 10% rent bumps every 5-years including the option periods. This allows a landlord to stay ahead of possible inflation. The site is located just 13 miles Northeast of South Bend, Indiana. It is strategically located near the region’s larger auto dealerships. The site allows for 156 parking spaces and is at a signalized intersection at South State Road and bypass Road.

Investment Highlights

  • Newly renovated site. Scheduled for April 2021 delivery.
  • New corporate guaranteed 15 year NNN lease.
  • No landlord obligations.
  • Minimal competition in the immediate area with the nearest Caliber located 8.6 miles from the subject Site.
  • A close suburb of South Bend, Indiana.
  • Offering strong visibility due to highly trafficked nature of both Nappanee Road and Bypass Road.

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/Regional Manager

    License(s): IN: RB14034355

    Indiana

Listing Price: $3,328,000

Cap Rate
5.75%
Tenant Name
Caliber Collision
Years Remaining On Lease
15.2
Gross SF
17,000
Guarantor
Corporate Guarantee
Rentable SF
17,000
Price/Gross SF
$195.76
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$11.26

Investment Highlights

  • Newly renovated site. Scheduled for April 2021 delivery.
  • New corporate guaranteed 15 year NNN lease.
  • No landlord obligations.
  • Minimal competition in the immediate area with the nearest Caliber located 8.6 miles from the subject Site.
  • A close suburb of South Bend, Indiana.
  • Offering strong visibility due to highly trafficked nature of both Nappanee Road and Bypass Road.

Investment Overview

This newly renovated opportunity, offers an investor a 15 year true NNN passive investment opportunity to be delivered 1stQ2021 (estimated for March). The lease calls for two 5-year options with 10% rent bumps every 5-years including the option periods. This allows a landlord to stay ahead of possible inflation. The site is located just 13 miles Northeast of South Bend, Indiana. It is strategically located near the region’s larger auto dealerships. The site allows for 156 parking spaces and is at a signalized intersection at South State Road and bypass Road.

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/Regional Manager

    License(s): IN: RB14034355

    Indiana

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