Caliber Collision - Merrill WI
Retail | 6.85% 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 6.85% 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.
Investment highlights
100% leased to Caliber Collision, the largest auto collision repair provider in the United States with
more than 2,100 locations nationwide and ~$5B in annual revenue
Corporate-backed lease provides strong tenant credit and operational stability
10-year lease term with ~8 years remaining, providing long-term income security
2% annual rent increases, creating consistent NOI growth and hedge against inflation
NN lease structure with tenant responsible for CAM, taxes, and insurance, minimizing landlord
responsibilities
Built in 2018, featuring modern construction and operational layout. Newer construction reduces
near-term capital expenditure risk
Auto collision repair is a needs-based service industry that cannot be replaced by e-commerce.
Consistent demand driven by vehicle ownership and insurance partnerships
Positioned along E Main Street with ~10,000 vehicles per day, providing strong accessibility and
visibility
Surrounded by national retailers including Wal-Mart, Verizon, O’Reilly Auto Parts, and Tractor Supply
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