Auto Service - Gas-Conv

Caliber Collision | Houston MSA | Long Term Absolute Net Lease | Densely Populated & Affluent Area

8008 Fry Rd, Cypress (Houston MSA), TX 77433

Listing Price: $5,543,000

Cap Rate
5.65%
Tenant Name
Caliber Collision
Years Remaining On Lease
13.2
Gross SF
14,600
Guarantor
Corporate Guarantee
Rentable SF
14,600
Price/Gross SF
$379.66
Lease Type
Absolute Net
Rent Per Square Feet
$21.45

Investment Overview

Cypress is an unincorporated community in Harris County, located completely inside the extraterritorial jurisdiction of the City of Houston. The Cypress area is located along U.S. Highway 290 is twenty-four miles northwest of Downtown Houston. The Cypress urban cluster ranks 50th in the top 100 highest-income urban areas in the United States. Large scale residential and commercial development beginning in the 1980s transformed the once rural area into one of the Houston area’s largest suburban communities. Harris County is the most populous county in Texas and the third most populous county in the United States. Its county seat is Houston, the largest city in Texas and fourth largest city in the United States.

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 Traffic & Retail Corridor. Features Easy Access and Excellent Visibility with Daily Traffic Counts Exceeding 26k Vehicles.
  • Immediate Area Experiencing Major Growth: Near Several Large Housing/Retail Developments Under Construction.
  • Near Numerous National Retailers including a Walmart, Kroger, Walgreens, CVS and more.
  • Densely Populated and Affluent Area: Features an Average Household Income of $111k+ within a 1-Mile Radius and over 251k People Residing within a 5-Mile Radius.

Exclusively Listed By

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    License(s): TX: 0606255

    Texas

Auto Service - Gas-Conv

Caliber Collision | Houston MSA | Long Term Absolute Net Lease | Densely Populated & Affluent Area

Listing Price: $5,543,000

Cap Rate
5.65%
Tenant Name
Caliber Collision
Years Remaining On Lease
13.2
Gross SF
14,600
Guarantor
Corporate Guarantee
Rentable SF
14,600
Price/Gross SF
$379.66
Lease Type
Absolute Net
Rent Per Square Feet
$21.45

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 Traffic & Retail Corridor. Features Easy Access and Excellent Visibility with Daily Traffic Counts Exceeding 26k Vehicles.
  • Immediate Area Experiencing Major Growth: Near Several Large Housing/Retail Developments Under Construction.
  • Near Numerous National Retailers including a Walmart, Kroger, Walgreens, CVS and more.
  • Densely Populated and Affluent Area: Features an Average Household Income of $111k+ within a 1-Mile Radius and over 251k People Residing within a 5-Mile Radius.

Investment Overview

Cypress is an unincorporated community in Harris County, located completely inside the extraterritorial jurisdiction of the City of Houston. The Cypress area is located along U.S. Highway 290 is twenty-four miles northwest of Downtown Houston. The Cypress urban cluster ranks 50th in the top 100 highest-income urban areas in the United States. Large scale residential and commercial development beginning in the 1980s transformed the once rural area into one of the Houston area’s largest suburban communities. Harris County is the most populous county in Texas and the third most populous county in the United States. Its county seat is Houston, the largest city in Texas and fourth largest city in the United States.

Exclusively Listed By

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    License(s): TX: 0606255

    Texas

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