Listed by Bang Realty
$1,536,585
Caliber Collision - Merrill WI
Details
Property Type Retail
Sub Type Auto Shop
Square Footage 11,840
Net Rentable (SqFt) 99,878
Units 1
Cap Rate 6.5%
NOI $99,878
Occupancy 100%
Brand/Tenant Caliber Collision
Lease Type NN
Lease Term 10.1
Lease Expiration 02/28/2034
Remaining Term 7.7
Rent Bumps Yes
Lease Options (2) 5 Year Options
Price per SqFt $130
Class C
Year Built 1997
Buildings 1
Stories 1
Acreage 1.120
Lease Commencement 02/10/2024
Occupancy Date 02/10/2024
Retail | 6.50% CAP | 11,840 SqFt
Marketing description
Introducing a prime investment opportunity at CALIBER COLLISION, located at 2602 E MAIN ST, MERRILL, WI 54452. This single-tenant property boasts a long-term lease with corporate guarantor, Caliber Collision. Offering a solid investment with a sale price of $1,536,585 and a favorable 6.5% cap rate, generating a net operating income of $99,878. The 11,840 SF building sits on a spacious 1.12-acre lot, ensuring ample space for future potential development or expansion.
With a lease commencement date of February 10th, 2024, this property provides stability and passive income for investors. Benefit from a strong tenant profile and secure cash flow from a reputable corporation. Don't miss this opportunity to own a property in a high-traffic area with promising demographic trends. Explore the potential and security that CALIBER COLLISION could bring to your investment portfolio.
Listing Contacts
Listed by Bang Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$99,878.00
$8,323.17/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
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