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Auto Parts

Caliber Collision

3117 Wide Track Dr, Springfield, IL 62764

Listing Price: $3,272,800

Cap Rate
5.50%
Tenant Name
Caliber Collision
Years Remaining On Lease
15.1
Gross SF
16,006
Guarantor
Corporate Guarantee
Rentable SF
16,006
Price/Gross SF
$204.47
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$11.25

Investment Overview

This brand new 15 year NNN passive investment opportunity will be deliverable in July 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. The site was originally operating as a Zara Collision Center, but Caliber acquired them and is placing a new 15 year lease on the property. Strategically located directly off the I-55 transition/interchange with Route 29.

Investment Highlights

  • New 15 year NNN lease to commence July 2021 (estimate).
  • 10% rent bumps every five years written into the lease will hedge against inflation.
  • Historically operating body shop with built in community presence fosters immediate potential success for the Caliber operation.
  • Strategically located directly off the I-55 transition

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2250

    License(s) IL: 471.011175

    Illinois

Listing Price: $3,272,800

Cap Rate
5.50%
Tenant Name
Caliber Collision
Years Remaining On Lease
15.1
Gross SF
16,006
Guarantor
Corporate Guarantee
Rentable SF
16,006
Price/Gross SF
$204.47
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$11.25

Investment Highlights

  • New 15 year NNN lease to commence July 2021 (estimate).
  • 10% rent bumps every five years written into the lease will hedge against inflation.
  • Historically operating body shop with built in community presence fosters immediate potential success for the Caliber operation.
  • Strategically located directly off the I-55 transition

Investment Overview

This brand new 15 year NNN passive investment opportunity will be deliverable in July 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. The site was originally operating as a Zara Collision Center, but Caliber acquired them and is placing a new 15 year lease on the property. Strategically located directly off the I-55 transition/interchange with Route 29.

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2250

    License(s): IL: 471.011175

    Illinois

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