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Caliber Colission

210 N Chester Pike, Glenolden, PA 19036

Listing Price: $2,069,625

Cap Rate
5.60%
Tenant Name
Caliber Collision
Years Remaining On Lease
14.9
Gross SF
17,527
Guarantor
Corporate Guarantee
Rentable SF
17,527
Price/Gross SF
$118.08
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$6.61

Investment Overview

This long term 15 year lease commenced in 2017. There is 10.8 years remaining on the base term, with two 5-year options available thereafter. The lease calls for 10% rent escalations every 5-years, which hedges against inflation. The next escalation to occur in approximately 9-months from the date this listing was launched. A new roof was installed with a 20-year transferable warranty. Making this lease a modified NNN. Landlord has other minimal responsibilities of in ground plumbing maintenance/ replacement and structure maintenance when required, but the site having been rebuilt in 2019, it is essentially a true passive investment opportunity for the next many years. The region is affluent with the local average household income well over $77,000 annually, and the region also benefits from population density of over 430,000 in a 5-mile radius.

Investment Highlights

  • New 15 Year Net Lease (Zero Landlord Responsibilities) Featuring 10% Rental Increases Every 5 Years
  • Strategically Located Directly Off Interstate 95, with Over 72,000 Vehicles Passing Through Daily
  • Site Was Rebuilt in 2019, Offering Newer Construction and Minimal Structural Maintenance

Broker of Record

  • Sean Beuche

    Regional Manager

    (215) 531-7000

    License(s) PA: RM424190

    Pennsylvania

Listing Price: $2,069,625

Cap Rate
5.60%
Tenant Name
Caliber Collision
Years Remaining On Lease
14.9
Gross SF
17,527
Guarantor
Corporate Guarantee
Rentable SF
17,527
Price/Gross SF
$118.08
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$6.61

Investment Highlights

  • New 15 Year Net Lease (Zero Landlord Responsibilities) Featuring 10% Rental Increases Every 5 Years
  • Strategically Located Directly Off Interstate 95, with Over 72,000 Vehicles Passing Through Daily
  • Site Was Rebuilt in 2019, Offering Newer Construction and Minimal Structural Maintenance

Investment Overview

This long term 15 year lease commenced in 2017. There is 10.8 years remaining on the base term, with two 5-year options available thereafter. The lease calls for 10% rent escalations every 5-years, which hedges against inflation. The next escalation to occur in approximately 9-months from the date this listing was launched. A new roof was installed with a 20-year transferable warranty. Making this lease a modified NNN. Landlord has other minimal responsibilities of in ground plumbing maintenance/ replacement and structure maintenance when required, but the site having been rebuilt in 2019, it is essentially a true passive investment opportunity for the next many years. The region is affluent with the local average household income well over $77,000 annually, and the region also benefits from population density of over 430,000 in a 5-mile radius.

Broker of Record

  • Sean Beuche

    Regional Manager

    (215) 531-7000

    License(s): PA: RM424190

    Pennsylvania

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