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29809049
29809050

1701 W Main Street, Battle Ground, WA 98604

DS
IL IL 475.134920
Marcus & Millichap - Chicago Oak Brook
SS
IL 475.208175
Marcus & Millichap - Chicago Oak Brook
AA
IL 475183055
Marcus & Millichap - Chicago Oak Brook
JD
WA 25469
Marcus & Millichap - Seattle
Listed by Marcus & Millichap - Chicago Oak Brook, Marcus & Millichap - Seattle
$3,324,000
114 days on market
Updated 26 days ago

Classic Collision - Battle Ground, WA (Vancouver MSA)

Details
Property Type Retail
Sub Type Auto Shop
Square Footage 12,168
Cap Rate 6.5%
NOI $216,000
Occupancy 100%
Tenancy Single
Brand/Tenant Classic Collision
Lease Type NN
Lease Term 10.1
Lease Expiration 02/28/2035
Remaining Term 8.7
Rent Bumps Yes
Lease Options Three, Five-Year
Price per SqFt $273
Broker Co-Op Yes
Year Built 2003
Acreage 0.880
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 02/07/2025
Ownership Fee Simple

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

Listing Contacts

DS
IL IL 475.134920
Marcus & Millichap - Chicago Oak Brook
SS
IL 475.208175
Marcus & Millichap - Chicago Oak Brook
AA
IL 475183055
Marcus & Millichap - Chicago Oak Brook
JD
WA 25469
Marcus & Millichap - Seattle
Listed by Marcus & Millichap - Chicago Oak Brook, Marcus & Millichap - Seattle

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$216,000.00
$18,000.00/mo

Valuation Metrics

0
DSCR
6.5%
Cap Rate
6.5%
ROI

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Additional Information

Name
Joel Deis
License
25469
Brokerage
Marcus & Millichap
Title
Broker of Record
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