Classic Collision Renton | 14 Yr. Base Term
5.6% Cap | Corp. Guarantee | 2.5% Ann. Bumps
Marketing description
Linc Properties is pleased to present the opportunity to acquire a passive single-tenant net-leased investment property with a new 14-year base lease to one of the nation’s largest collision repair companies, Classic Collision. The property is centrally located in Renton, Washington one of Seattle’s desirable and growing “Eastside” submarkets.
The investment is secured by a new 14-year corporate lease with Classic Collision following its acquisition of the long-established Renton Collision center that has been in continuous successful operation at this location for over 32 years. The new acquisition included a newly structured long-term lease with 2.5% annual increases and a passive operating expense structure offering excellent inflation-resistant and predictable returns.
Classic Collision is one of the largest collision repair operators in the United States, operating more than 330 locations across over 20 states. The company continues to expand through the acquisition of established operators and is supported by institutional ownership through TPG, a leading global private investment firm with over $200 billion in assets under management.
The property has a very well-established operating history and is proven well suited for continued success benefiting from its central regional location, easy access to Interstate 405 and excellent visibility to over 31,000 vehicles driving each day.
This offering provides the passive investor with the opportunity to acquire a stable investment property with a new long term secure lease with established rental growth and inflation-resistant protection guaranteed by a large national operator all in a proven core Seattle/Bellevue area submarket.
Investment highlights
NEW 14-YEAR CORPORATE LEASE
Recently executed 14-year base lease with Classic Collision, providing long-term contractual income and tenant commitment to the location.
INSTITUTIONALLY BACKED NATIONAL TENANT
Classic Collision operates 330+ locations across more than 20 states and is supported by TPG, a global investment firm with $200+ billion in assets under management.
TENANT ACQUISITION OF ESTABLISHED BUSINESS
Classic Collision’s acquisition of the Renton Collision center demonstrates strong confidence in the site’s performance and long-term operating viability.
STRATEGIC EASTSIDE LOCATION
Located in Renton, Washington, within the desirable Seattle/Bellevue Eastside submarket, one of the region’s strongest employment and commercial corridors.
HIGH VISIBILITY COMMERCIAL LOCATION
The property benefits from excellent exposure to more than 31,000 vehicles per day, providing strong visibility and accessibility.
STABLE LONG-TERM PORTFOLIO INVESTMENT
The combination of a new long-term lease, passive income structure, annual rental growth, and a nationally recognized operator creates a durable investment well suited for long-term portfolio ownership.
PROVEN OPERATING LOCATION – 32 YEARS
Collision repair operations have successfully operated at this location since 1992, representing more than three decades of continuous business activity.
ANNUAL 2.5% RENTAL INCREASES
Built-in 2.5% annual rent escalations provide consistent income growth and meaningful inflation-resistant protection throughout the lease term.
ESSENTIAL SERVICE INDUSTRY
Collision repair is a non-discretionary service sector supported primarily by insurance-funded repairs, providing consistent demand regardless of economic cycles.
PASSIVE NET-LEASE INVESTMENT STRUCTURE
The lease structure provides passive ownership with minimal landlord responsibilities, delivering predictable and stable long-term income.
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