Classic Collision - Battle Ground, WA (Vancouver MSA)
Corporate Guaranty (300+ Locations) | 8+ Years of Term Remaining | 11.00% Rent Increase in 4 years
Investment highlights
Corporate Guaranty from Classic Collision (300+ location operator)
Classic Collision is the 4th largest collision center operator nationally growing through build-to-suit and MSO acquisitions nationwide
TPG Capital (NASDAQ: TPG) acquired Classic Collision from New Mountain Capital in 2024 https://shareholders.tpg.com/news-releases/news-release-details/tpg-agrees-acquire-classic-collision
TPG Capital is the U.S. and European private equity platform of TPG ($303B in AUM). TPG was created in 1992 and is a leading global alternative asset manager.
Attractive Rent Increases, Minimal Landlord Responsibilities, and Long Lease Term
11% rental increase in 4 years (Year 6) with 2% annual rental increases each year after
Landlord is responsible for repair or replacement of roof, structure, parking lot (over $5,000 during a rolling 48-month period), Bioswale
8+ years of base term remaining with 3, 5-year tenant options
Vancouver, WA MSA – Northern Suburb in an Income Tax Free State
0.3 miles from “Main & Main” in Battle Ground, WA
Frontage and access to W Main St with 24,073 CPD
5.6% annual population growth in the MSA
Historical Occupancy and Lack of Competition
Classic Collision acquired Elite Collision in Feb of 2025
Elite Collision operated at this location from 2003 to 2025 (22 years)
Only “Big 5” corporate collision center in town with the nearest facility over 7 miles away
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