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Caliber Collision

1901 & 1903 N Dirksen Pkwy, Springfield, IL 62702

Listing Price: $1,715,142

Cap Rate
5.25%
Tenant Name
Caliber Collision
Years Remaining On Lease
14.9
Guarantor
Corporate Guarantee
Rentable SF
15,600
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$5.77

Investment Overview

This truly passive long term NNN investment opportunity offers a qualified buyer the chance to acquire a property with a NNN corporate guaranteed lease, and 10% rent bumps every 5 years, including option periods. The subject property is in the thriving and growing mid western metro of Springfield, Illinois, the State’s Capitol. Located halfway between Chicago and St. Louis, Springfield is a densely populated area with over 500,000 people within a hour’s drive, and is the political and economic hub of Illinois.

Investment Highlights

  • This newly acquired Caliber Collision offers a passive investor a new 15 year corporate guaranteed NNN lease
  • The property is on an oversized double lot comprised of combining two adjacent buildings
  • Regular rental escalations hedges against inflation
  • Essential retailer, pandemic and recession resistant, making this a secure "sleep at night" investment

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

Financing By

Listing Price: $1,715,142

Cap Rate
5.25%
Tenant Name
Caliber Collision
Years Remaining On Lease
14.9
Guarantor
Corporate Guarantee
Rentable SF
15,600
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$5.77

Investment Highlights

  • This newly acquired Caliber Collision offers a passive investor a new 15 year corporate guaranteed NNN lease
  • The property is on an oversized double lot comprised of combining two adjacent buildings
  • Regular rental escalations hedges against inflation
  • Essential retailer, pandemic and recession resistant, making this a secure "sleep at night" investment

Investment Overview

This truly passive long term NNN investment opportunity offers a qualified buyer the chance to acquire a property with a NNN corporate guaranteed lease, and 10% rent bumps every 5 years, including option periods. The subject property is in the thriving and growing mid western metro of Springfield, Illinois, the State’s Capitol. Located halfway between Chicago and St. Louis, Springfield is a densely populated area with over 500,000 people within a hour’s drive, and is the political and economic hub of Illinois.

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

Financing By

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