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29393835
29393836

4438 South Blvd, Charlotte, NC 28209

AM
TX 0606255, CA 01391653
Marcus & Millichap - San Diego
JT
CA 02031343
Marcus & Millichap - San Diego
Listed by Marcus & Millichap - San Diego
$6,922,650
132 days on market
Updated 4 days ago

CALIBER COLLISION | 15 YR ABS. NNN | RECENT LEASE EXTENSION

Details
Property Type Retail
Sub Type Auto Shop, Storefront
Square Footage 17,327
Cap Rate 6%
NOI $415,359
Tenancy Single
Brand/Tenant Caliber Collision
Lease Type Absolute NNN
Lease Expiration 09/30/2039
Remaining Term 13.3
Rent Bumps Yes
Class A
Year Built 1974
Year Renovated 2016
Acreage 1.690
Investment Type Net Lease
Tenant Credit Corporate Guarantee

Retail | 6.00% CAP | 17,327 SqFt

Marketing description

PLEASE VISIT THE PROPERTY WEBSITE TO DOWNLOAD FULL MARKETING PACKAGE:

https://themansourgroup.com/properties/310572/caliber-collision-center

Investment highlights

  • Caliber Collision is the Nation’s Largest Collision Repair provider, with more than 1,800 Convenient Locations in 41 States - and Growing.

  • Dominant Leadership: Hellman & Friedman, Private Equity Firm with Over $25 Billion of Total Assets, is the Majority Owners after Merger.

  • Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation.

  • Recent Lease Extension - 15 Year Absolute Net Lease (Zero Landlord Responsibilities) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. 2016 Complete Interior and Exterior Renovation including Roof.

  • Only 10 Minutes from Charlotte Douglas International Airport - One of the Nation’s Busiest Hubs, Supporting over 50 Million Annual Passengers and Robust Regional Economic Activity.

  • Premier Charlotte Retail Corridor Location - Situated along South Blvd, one of Charlotte’s most Heavily Trafficked Commercial Arteries Connecting Uptown to South Charlotte, Surrounded by Major National Retailers, Auto Service Users, and Daily Commuters.

  • Strong Surrounding Economic Growth - Charlotte Ranks Among the Top U.S. Metros for Population and Employment Growth, driven by Financial, Healthcare, and Tech Sector Expansions Fueling Long-term Real Estate Demand.

  • Densely Populated and Affluent Area: Features an Average Household Income of more than $111k within a 3-Mile Radius and over 248k People Residing within a 5-Mile Radius. Convenient Access to I-77 and Major Charlotte Arterials Connecting to Uptown, Ballantyne, and Fort Mill - Providing Excellent Regional Connectivity and Access throughout the Charlotte Metro.

Listing Contacts

AM
TX 0606255, CA 01391653
Marcus & Millichap - San Diego
JT
CA 02031343
Marcus & Millichap - San Diego
Listed by Marcus & Millichap - San Diego

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$415,359.00
$34,613.25/mo

Valuation Metrics

0
DSCR
6%
Cap Rate
6%
ROI

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Additional Information

Name
Charles Gallagher
License
351471
Brokerage
Marcus & Millichap
Brokerage Phone
(804) 802-6881
Title
Broker of Record
Brokerage Address
201 S. Tryon St., Ste. 1220 Charlotte, NC 28202
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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