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Auto Parts

Caliber Collision

1351 Ring Rd, Elizabethtown, KY 42701

Listing Price: $5,244,485

Cap Rate
5.35%
Tenant Name
Caliber Collision
Years Remaining On Lease
15.5
Gross SF
11,582
Guarantor
Corporate Guarantee
Rentable SF
11,582
Price/Gross SF
$452.81
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$24.23

Investment Overview

This newly constructed (2021) Caliber Collision is offering a brand new 15 year NNN passive investment opportunity to be delivered in December 2021. 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. Limited competition in immediate area with the nearest nationally recognized auto body shop being located 35 miles from the site.

Investment Highlights

  • New 2021 construction.
  • New 15 year NNN lease to commence December 2021 (estimate).
  • 10% rent bumps every five years written into the lease will hedge against inflation.
  • Minimal national competition in immediate area, with nearest being more than 35 miles from the site.
  • Strategically located near several draws to the region: Sam's Club, Home Depot, Harbor Freight and the Towne Mall, just to name a few.

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (513) 878-7733

    License(s) KY: 242197

    Kentucky

Listing Price: $5,244,485

Cap Rate
5.35%
Tenant Name
Caliber Collision
Years Remaining On Lease
15.5
Gross SF
11,582
Guarantor
Corporate Guarantee
Rentable SF
11,582
Price/Gross SF
$452.81
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$24.23

Investment Highlights

  • New 2021 construction.
  • New 15 year NNN lease to commence December 2021 (estimate).
  • 10% rent bumps every five years written into the lease will hedge against inflation.
  • Minimal national competition in immediate area, with nearest being more than 35 miles from the site.
  • Strategically located near several draws to the region: Sam's Club, Home Depot, Harbor Freight and the Towne Mall, just to name a few.

Investment Overview

This newly constructed (2021) Caliber Collision is offering a brand new 15 year NNN passive investment opportunity to be delivered in December 2021. 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. Limited competition in immediate area with the nearest nationally recognized auto body shop being located 35 miles from the site.

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (513) 878-7733

    License(s): KY: 242197

    Kentucky

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