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Auto Service - Gas-Conv

Brand New Construction Caliber Collision Center | Texas | 15 Year Absolute Net Lease

1200 N Loop 250 W, Midland, TX 79703

Listing Price: Request For Offer

Tenant Name
Caliber Collision
Years Remaining On Lease
15.3
Gross SF
12,270
Guarantor
Corporate Guarantee
Rentable SF
12,270
Lease Type
Absolute Net

Investment Overview

Midland is a city in and the county seat of Midland County, Texas, on western Texas’s Southern Plains. At the 2010 census, Midland’s population was 111,147, and a 2019 estimate put it at 146,038, making it Texas’s 24th-most populous city; due to its oil boom, some officials have given population estimates above 155,000. It is the principal city of the Midland, Texas metropolitan statistical area, which includes all of Midland County, the population of which grew 4.6% between July 1, 2011, and July 1, 2012, to 151,662, according to the U.S. Census Bureau. The metropolitan area is part of the larger Midland–Odessa combined statistical area, which had an estimated population of 295,987 on July 1, 2012. In 2014, Midland had the lowest unemployment rate in the United States, 2.3% and Forbes magazine ranked Midland the second fastest-growing small city in the United States.

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 within Area's Retail & Traffic Corridor. Features Easy Access and Excellent Visibility Along TX-250 with Daily Traffic Counts Exceeding 45k Vehicles. Near TX-191 (56k+ VPD).
  • In Close Proximity to many Auto Dealerships and Auto Service Centers including Mercedes, BMW, Volkswagen, Toyota, Nissan, Mazda, Ford, Subaru, Chrysler, Dodge, Jeep and more.
  • Densely Populated and Affluent Area: Features an Average Household Income of $117k+ and more than 128k People Residing within a 5-Mile Radius. Midland is one of the Fastest-Growing Small Cities in the Nation.
  • Minutes from Midland International Air & Space Port - The airport has three Airlines, two Serving Hubs with Regional Jets and one Flying Mainline Jets (66k Annual Aircraft Operations).
  • Located Across from H-E-B & Sam's Club. Near Numerous other National Retailers including a Walmart Supercenter, Lowe's, The Home Depot, Target, Kohl's, Academy Sports and many more. Adjacent to Scharbauer Sports Complex - a Full-Service Baseball Park, Football & Soccer Stadium with a Pavilion for Concerts & other Shows that includes the Citibank Ballpark, Cimarex Energy Pavilion, and Grande Communications Stadium.

Exclusively Listed By

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    License(s) TX: 0606255

    Texas

Auto Service - Gas-Conv

Brand New Construction Caliber Collision Center | Texas | 15 Year Absolute Net Lease

Listing Price: Request For Offer

Tenant Name
Caliber Collision
Years Remaining On Lease
15.3
Gross SF
12,270
Guarantor
Corporate Guarantee
Rentable SF
12,270
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 within Area's Retail & Traffic Corridor. Features Easy Access and Excellent Visibility Along TX-250 with Daily Traffic Counts Exceeding 45k Vehicles. Near TX-191 (56k+ VPD).
  • In Close Proximity to many Auto Dealerships and Auto Service Centers including Mercedes, BMW, Volkswagen, Toyota, Nissan, Mazda, Ford, Subaru, Chrysler, Dodge, Jeep and more.
  • Densely Populated and Affluent Area: Features an Average Household Income of $117k+ and more than 128k People Residing within a 5-Mile Radius. Midland is one of the Fastest-Growing Small Cities in the Nation.
  • Minutes from Midland International Air & Space Port - The airport has three Airlines, two Serving Hubs with Regional Jets and one Flying Mainline Jets (66k Annual Aircraft Operations).
  • Located Across from H-E-B & Sam's Club. Near Numerous other National Retailers including a Walmart Supercenter, Lowe's, The Home Depot, Target, Kohl's, Academy Sports and many more. Adjacent to Scharbauer Sports Complex - a Full-Service Baseball Park, Football & Soccer Stadium with a Pavilion for Concerts & other Shows that includes the Citibank Ballpark, Cimarex Energy Pavilion, and Grande Communications Stadium.

Investment Overview

Midland is a city in and the county seat of Midland County, Texas, on western Texas’s Southern Plains. At the 2010 census, Midland’s population was 111,147, and a 2019 estimate put it at 146,038, making it Texas’s 24th-most populous city; due to its oil boom, some officials have given population estimates above 155,000. It is the principal city of the Midland, Texas metropolitan statistical area, which includes all of Midland County, the population of which grew 4.6% between July 1, 2011, and July 1, 2012, to 151,662, according to the U.S. Census Bureau. The metropolitan area is part of the larger Midland–Odessa combined statistical area, which had an estimated population of 295,987 on July 1, 2012. In 2014, Midland had the lowest unemployment rate in the United States, 2.3% and Forbes magazine ranked Midland the second fastest-growing small city in the United States.

Exclusively Listed By

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    License(s): TX: 0606255

    Texas

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