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Auto Service - Gas-Conv

Brand New Construction Caliber Collision Center | Palm Beach County | 15 Year Absolute Net Lease

5910 Haverhill Rd, Lake Worth (Palm Beach County), FL 33463

Listing Price: Request For Offer

Tenant Name
Caliber Collision
Years Remaining On Lease
15.4
Gross SF
18,635
Guarantor
Corporate Guarantee
Rentable SF
18,635
Lease Type
Absolute Net

Investment Overview

Lake Worth Beach, previously named Lake Worth, is a city in east-central Palm Beach County, Florida, United States, located about 64 miles north of Miami. The city’s name is derived from the body of water along its eastern border known as the Lake Worth Lagoon, which itself was named for General William J. Worth, who led United States Army forces during the last part of the Second Seminole War. Lake Worth Beach also borders West Palm Beach to the north, Lake Clarke Shores to the northwest, and Lantana to its south, while a small section of the city also partitions the town of Palm Beach. Lake Worth Beach is a principal city of the Miami metropolitan area, which was home to an estimated 6,158,824 people in 2017. As of 2004, Palm Beach County is Florida’s wealthiest county, with a per capita personal income of $44,518. It leads the state in agricultural productivity; agriculture is Palm Beach County’s second-largest industry, after real estate development. In undeveloped (central and western) Palm Beach County there is significant tropical agricultural production, especially nurseries, truck crops (vegetables), and sugar cane. Palm Beach County has been called the “Winter Vegetable Capital” of the nation.

Investment Highlights

  • 15 Year Absolute Net Lease (Zero Landlord Responsibilities) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. Brand New 2021 Construction.
  • Caliber Collision Recently Merged with ABRA creating a Leading Collision Repair Chain of more than 1,235 Locations in 39 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 Retail & Traffic Corridor. Features Easy Access and Excellent Visibility near a Major Signalized Intersection with Combined Daily Traffic Counts Exceeding 53k Vehicles.
  • Near Numerous National Retailers including a Walmart Neighborhood Market, The Home Depot, Publix, Walgreens, CVS, ALDI, Petco, Office Depot, TJ Maxx, HomeGoods and many more.
  • Densely Populated and Affluent Area: Features an Average Household Income of $93k+ within a 1-Mile Radius and over 372k People Residing within a 5-Mile Radius.
  • In Close Proximity to JFK Medical Center - a 486-Bed Acute Care Medical and Surgical Facility, with over 500 Physicians, 2200 Healthcare Professionals and 300 Volunteers currently employed.
  • Minutes from Palm Beach County Park/Lantana Airport - a County-Owned, Public-Use Airport with more than 122k Annual Aircraft Operations, an Average of 334 Per Day. A Short Drive from Palm Beach State College - a Public College and Part of the Florida College System. It Currently Enrolls more than 49k Students in over 100 Programs of Study.

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Auto Service - Gas-Conv

Brand New Construction Caliber Collision Center | Palm Beach County | 15 Year Absolute Net Lease

Listing Price: Request For Offer

Tenant Name
Caliber Collision
Years Remaining On Lease
15.4
Gross SF
18,635
Guarantor
Corporate Guarantee
Rentable SF
18,635
Lease Type
Absolute Net

Investment Highlights

  • 15 Year Absolute Net Lease (Zero Landlord Responsibilities) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. Brand New 2021 Construction.
  • Caliber Collision Recently Merged with ABRA creating a Leading Collision Repair Chain of more than 1,235 Locations in 39 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 Retail & Traffic Corridor. Features Easy Access and Excellent Visibility near a Major Signalized Intersection with Combined Daily Traffic Counts Exceeding 53k Vehicles.
  • Near Numerous National Retailers including a Walmart Neighborhood Market, The Home Depot, Publix, Walgreens, CVS, ALDI, Petco, Office Depot, TJ Maxx, HomeGoods and many more.
  • Densely Populated and Affluent Area: Features an Average Household Income of $93k+ within a 1-Mile Radius and over 372k People Residing within a 5-Mile Radius.
  • In Close Proximity to JFK Medical Center - a 486-Bed Acute Care Medical and Surgical Facility, with over 500 Physicians, 2200 Healthcare Professionals and 300 Volunteers currently employed.
  • Minutes from Palm Beach County Park/Lantana Airport - a County-Owned, Public-Use Airport with more than 122k Annual Aircraft Operations, an Average of 334 Per Day. A Short Drive from Palm Beach State College - a Public College and Part of the Florida College System. It Currently Enrolls more than 49k Students in over 100 Programs of Study.

Investment Overview

Lake Worth Beach, previously named Lake Worth, is a city in east-central Palm Beach County, Florida, United States, located about 64 miles north of Miami. The city’s name is derived from the body of water along its eastern border known as the Lake Worth Lagoon, which itself was named for General William J. Worth, who led United States Army forces during the last part of the Second Seminole War. Lake Worth Beach also borders West Palm Beach to the north, Lake Clarke Shores to the northwest, and Lantana to its south, while a small section of the city also partitions the town of Palm Beach. Lake Worth Beach is a principal city of the Miami metropolitan area, which was home to an estimated 6,158,824 people in 2017. As of 2004, Palm Beach County is Florida’s wealthiest county, with a per capita personal income of $44,518. It leads the state in agricultural productivity; agriculture is Palm Beach County’s second-largest industry, after real estate development. In undeveloped (central and western) Palm Beach County there is significant tropical agricultural production, especially nurseries, truck crops (vegetables), and sugar cane. Palm Beach County has been called the “Winter Vegetable Capital” of the nation.

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

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