Auto Parts

Caliber Collision

Listing Price: $2,143,659

Cap Rate
5.85%
Tenant Name
Caliber Collision
Years Remaining On Lease
15.00
Guarantor
Corporate Guarantee
Rentable SF
10,554
Lease Type
Absolute Net
Rent Per Square Feet
$11.88

Investment Overview

New corporate guaranteed 15 year NNN lease with 10% rent bumps commenced first quarter 2020. Sleep at night passive investment opportunity for a buyer who wishes to obtain a long term NNN lease that has no landlord obligations, and is e-commerce resistant. Originally built and occupied by Fortune Auto body. In June of 2020, Caliber acquired all of the Fortune locations. This new Caliber Collision 15 year NNN lease has 10% rent bumps every 5 years and has two 5-year renewal options to hedge against inflation. Other major national retailers directly near the site include: Sonic Drive-In, Taco Bell, Burger King, Domino’s Pizza, and much more. The highly-trafficked area due to these national retailers and the Georgetown Hospital only 2 minutes away, brings many people to the immediate area. Note: The Adjacent Billboard is not included in the sale.

Investment Highlights

  • New 15-year NNN lease beginning 8/1/2020 (estimated start date)
  • 10% rent bumps every 5 years hedge against inflation
  • Two 5-year renewal options

Exclusively Listed By

Listing Price: $2,143,659

Cap Rate
5.85%
Tenant Name
Caliber Collision
Years Remaining On Lease
15.00
Guarantor
Corporate Guarantee
Rentable SF
10,554
Lease Type
Absolute Net
Rent Per Square Feet
$11.88

Investment Highlights

  • New 15-year NNN lease beginning 8/1/2020 (estimated start date)
  • 10% rent bumps every 5 years hedge against inflation
  • Two 5-year renewal options

Investment Overview

New corporate guaranteed 15 year NNN lease with 10% rent bumps commenced first quarter 2020. Sleep at night passive investment opportunity for a buyer who wishes to obtain a long term NNN lease that has no landlord obligations, and is e-commerce resistant. Originally built and occupied by Fortune Auto body. In June of 2020, Caliber acquired all of the Fortune locations. This new Caliber Collision 15 year NNN lease has 10% rent bumps every 5 years and has two 5-year renewal options to hedge against inflation. Other major national retailers directly near the site include: Sonic Drive-In, Taco Bell, Burger King, Domino’s Pizza, and much more. The highly-trafficked area due to these national retailers and the Georgetown Hospital only 2 minutes away, brings many people to the immediate area. Note: The Adjacent Billboard is not included in the sale.

Exclusively Listed By

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