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Auto Service - Gas-Conv

Caliber Collision Center | Outside Raleigh | Long Term Absolute Net Lease | Recently Renovated

3012 Forest Hills Rd SW, Wilson (Outside Raleigh), NC 27893

Listing Price: $2,157,562

Cap Rate
5.25%
Tenant Name
Caliber Collision
Years Remaining On Lease
14.5
Gross SF
10,284
Guarantor
Corporate Guarantee
Rentable SF
10,284
Price/Gross SF
$209.80
Lease Type
Absolute Net
Rent Per Square Feet
$11.01

Investment Overview

Wilson is a city in and the county seat of Wilson County, North Carolina. Located approximately 40 mi east of the capital city of Raleigh, it is served by the interchange of Interstate 95 and U.S. Route 264. Wilson had an estimated population of 49,459 in 2019, according to the U.S. Census Bureau, and is also an anchor city of the Rocky Mount-Wilson-Roanoke Rapids CSA, with a total population of 297,726 as of 2018.In the early 21st century, Wilson was ranked as 18th in size among North Carolina’s 500-plus municipalities. From 1990 to 2010, the city population increased by more than 40 percent, primarily due to construction of new subdivisions that attracted many new residents. This has been accompanied by new retail and shopping construction, primarily in the northwestern parts of the city. Once a center of tobacco cultivation, the city was widely known as “The World’s Greatest Tobacco Market” in the 19th century. In the 21st century, Wilson enjoys a diverse economy based on agriculture, manufacturing, commercial, and service businesses.

Investment Highlights

  • Long Term Absolute Net Lease (Zero Landlord Responsibilities) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. 2021 Renovation.
  • Caliber Collision Recently Merged with ABRA creating a Leading Collision Repair Chain of more than 1,235 Locations in 40 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 Major Traffic & Retail Corridor. Features Easy Access and Excellent Visibility with Daily Traffic Counts Exceeding 20k Vehicles.
  • In Close Proximity to Numerous National Retailers including Food Lion, Lowe's, Walmart Supercenter, ALDI, Big Lots, Walgreens, CVS Pharmacy and more.
  • Minutes from Wilson Medical Center - a 294-Bed Hospital and Medical Center, serving Wilson and the Surrounding Counties.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s) NC: 303785

    North Carolina

Financing By

Auto Service - Gas-Conv

Caliber Collision Center | Outside Raleigh | Long Term Absolute Net Lease | Recently Renovated

Listing Price: $2,157,562

Cap Rate
5.25%
Tenant Name
Caliber Collision
Years Remaining On Lease
14.5
Gross SF
10,284
Guarantor
Corporate Guarantee
Rentable SF
10,284
Price/Gross SF
$209.80
Lease Type
Absolute Net
Rent Per Square Feet
$11.01

Investment Highlights

  • Long Term Absolute Net Lease (Zero Landlord Responsibilities) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. 2021 Renovation.
  • Caliber Collision Recently Merged with ABRA creating a Leading Collision Repair Chain of more than 1,235 Locations in 40 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 Major Traffic & Retail Corridor. Features Easy Access and Excellent Visibility with Daily Traffic Counts Exceeding 20k Vehicles.
  • In Close Proximity to Numerous National Retailers including Food Lion, Lowe's, Walmart Supercenter, ALDI, Big Lots, Walgreens, CVS Pharmacy and more.
  • Minutes from Wilson Medical Center - a 294-Bed Hospital and Medical Center, serving Wilson and the Surrounding Counties.

Investment Overview

Wilson is a city in and the county seat of Wilson County, North Carolina. Located approximately 40 mi east of the capital city of Raleigh, it is served by the interchange of Interstate 95 and U.S. Route 264. Wilson had an estimated population of 49,459 in 2019, according to the U.S. Census Bureau, and is also an anchor city of the Rocky Mount-Wilson-Roanoke Rapids CSA, with a total population of 297,726 as of 2018.In the early 21st century, Wilson was ranked as 18th in size among North Carolina’s 500-plus municipalities. From 1990 to 2010, the city population increased by more than 40 percent, primarily due to construction of new subdivisions that attracted many new residents. This has been accompanied by new retail and shopping construction, primarily in the northwestern parts of the city. Once a center of tobacco cultivation, the city was widely known as “The World’s Greatest Tobacco Market” in the 19th century. In the 21st century, Wilson enjoys a diverse economy based on agriculture, manufacturing, commercial, and service businesses.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s): NC: 303785

    North Carolina

Financing By

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