Crash Champion
Industrial | 6.15% CAP | 15,800 SqFt
Marketing description
Surmount is pleased to present the exclusive listing for a Crash Champions located at 24073 Production Circle, Bonita Springs, FL 34135. The site consists of roughly 15,800 rentable square feet of building space on an estimated 1.08-acre parcel of land. This Crash Champions is subject to a 10-year Double Net (NN) lease, which commenced 12/30/2021. The current annual rent is $251,500 and has scheduled increases of 9.50% in 2028, 2% annually beginning 2032 and thru options.
Investment highlights
Recently Extended Lease | Crash Champions recently extended the lease early for 5 years, extending through December 31, 2036, demonstrating long-term commitment to this location. There are currently 10.9 years remaining of lease term with three 5-year renewal options.
Significant Corporate Guaranty | Crash Champion is a leading independent collision repair company operating more than 650 state-of-the-art locations across the county. Crash Champions is one of the fastest growing and largest founder-led and operated collision repair MSO's in America.
Robust Population and Economic Growth | Bonita Springs is experiencing strong population growth and a thriving economy with exceptional household income and low commercial vacancy rates. Its strategic location between Naples and Fort Myers, near Southwest Florida International Airport and major highways (I-75, US-41), drives demand for commercial spaces.
4% Population & Household Growth | Wealthy Demographics | Population growth within the immediate market was more than 6% over the last 4 years and is expected to continue growing by more than 4% through 2029. Annual household growth has been booming with an expected 4.1% over the next four years. 3 Mile average household income is more than $123,000.
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