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Shopping Auto Center

Caliber Collision

6290 N 76th St, Milwaukee, WI 53218

Listing Price: $1,043,000

Cap Rate
7.25%
Gross SF
14,500
Rentable SF
14,500
Price/Gross SF
$71.93
Lot Size
0.89 acres
Year Built
1972

Investment Overview

Marcus & Millichap is pleased to present the opportunity to purchase the fee simple interest in 6290 North 76th Street, a single-tenant Caliber Collision located in Milwaukee, Wisconsin. This 14,500-square-foot NN property is offered at $1,043,000 at a 7.25% CAP rate. Caliber Collision's current lease expires on June 30, 2025 and has three five-year options remaining. Caliber Collision is the number one auto repair company in the country with more than 1,235 repair centers throughout 39 states after their merger with ABRA. Landlord responsibilities include capital replacement of the roof, structure, and parking lot only. This location is currently so busy that the tenant is paying to rent extra parking lot space in the adjacent property's parking lot. Anecdotally, this is a very high performing location (please contact Marcus & Millichap for additional detail). Caliber is paying $5/SF NNN, which is significantly below market, adding to the likely profitability of this location for the tenant. The subject location has been operating as an auto care center since 1991, and a Caliber Collision since 2015. This is an opportunity to purchase a stable NN investment positioned in a dense retail corridor.

Investment Highlights

  • 7.25% CAP Rate - Above Market Return for a Passive, Net-leased Investment
  • Extremely Busy Location - Store Has Had to Lease the Adjacent Parking Lot to Handle Overflow
  • Short Term Lease With Well Below Market Rent at $5/SF NNN | Significant Upside if the Tenant Was Ever to Vacate
  • Corporate Guaranty | ABRA Recently Merged with Caliber Collision to Create a Leading Collision Repair Chain with More Than 1,235 Locations Nationally
  • Recession, E-commerce, and Pandemic Resistant | As Long as There are Cars on the Road, There Will be a Need for Body Work
  • Tenant is Responsible for Everything Except for Roof, Structure and Parking Lot Replacement

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    Vice President/Regional Manager

    (262) 364-1964

    License(s) WI: 56163-90

    Wisconsin

Financing By

Shopping Auto Center

Caliber Collision

Listing Price: $1,043,000

Cap Rate
7.25%
Gross SF
14,500
Rentable SF
14,500
Price/Gross SF
$71.93
Lot Size
0.89 acres
Year Built
1972

Investment Highlights

  • 7.25% CAP Rate - Above Market Return for a Passive, Net-leased Investment
  • Extremely Busy Location - Store Has Had to Lease the Adjacent Parking Lot to Handle Overflow
  • Short Term Lease With Well Below Market Rent at $5/SF NNN | Significant Upside if the Tenant Was Ever to Vacate
  • Corporate Guaranty | ABRA Recently Merged with Caliber Collision to Create a Leading Collision Repair Chain with More Than 1,235 Locations Nationally
  • Recession, E-commerce, and Pandemic Resistant | As Long as There are Cars on the Road, There Will be a Need for Body Work
  • Tenant is Responsible for Everything Except for Roof, Structure and Parking Lot Replacement

Investment Overview

Marcus & Millichap is pleased to present the opportunity to purchase the fee simple interest in 6290 North 76th Street, a single-tenant Caliber Collision located in Milwaukee, Wisconsin. This 14,500-square-foot NN property is offered at $1,043,000 at a 7.25% CAP rate. Caliber Collision's current lease expires on June 30, 2025 and has three five-year options remaining. Caliber Collision is the number one auto repair company in the country with more than 1,235 repair centers throughout 39 states after their merger with ABRA. Landlord responsibilities include capital replacement of the roof, structure, and parking lot only. This location is currently so busy that the tenant is paying to rent extra parking lot space in the adjacent property's parking lot. Anecdotally, this is a very high performing location (please contact Marcus & Millichap for additional detail). Caliber is paying $5/SF NNN, which is significantly below market, adding to the likely profitability of this location for the tenant. The subject location has been operating as an auto care center since 1991, and a Caliber Collision since 2015. This is an opportunity to purchase a stable NN investment positioned in a dense retail corridor.

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    Vice President/Regional Manager

    (262) 364-1964

    License(s): WI: 56163-90

    Wisconsin

Financing By

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