Listed by The Boulder Group - Denver, The Boulder Group
$6,075,500
Caliber Collision
Details
Property Type Industrial, Retail
Sub Type Auto Shop
Square Footage 16,969
Net Rentable (SqFt) 16,969
Units 1
Cap Rate 6%
NOI $364,600
Tenancy Single
Brand/Tenant Caliber Collision
Lease Type Absolute NNN
Lease Term 15.1
Lease Expiration 12/31/2034
Remaining Term 8.5
Rent Bumps Yes
Lease Options Two 5-Year
Price per SqFt $358
Broker Co-Op Yes
Year Built 2019
Acreage 2.120
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 12/16/2019
Ground Lease No
Infill Denver I 2019 Build-to-Suit | Corp. Guaranty | Long-Term Abs NNN | Park Hill Neighborhood
Investment highlights
- Infill Denver location with extreme barriers to entry
- Approximately 5 miles east of Downtown Denver and 18 miles west of Denver International Airport, the 6th busiest airport in the world
- Long-term lease with approximately 8.5 years remaining
- 10% rental increases every five years
- Absolute triple net lease with no landlord responsibilities
- Recently constructed build-to-suit Caliber Collision (2019)
- Corporately guaranteed lease (CH Hold Corp)
- Large parcel (2.12-Acres)
- Densely populated area with approximately 120,000 people living within 3 miles
- Collision centers qualify for accelerated bonus depreciation (Consult you CPA)
- Extremely affluent area with average annual household income of $159,000 within 3 miles
- Positioned just south of Interstate 70 (162,000 VPD)
- Prime location in the Park Hill Neighborhood and in Denver’s highly desired “Quebec Street Submarket”, one of Denver’s original industrial nodes with approximately 12M square feet of industrial property
- Caliber Collision is the nation’s leading and largest collision repair company with more than 1,800 locations, and is anticipated to become publicly traded in 2026
- E-Commerce and recession-resistant business model
- Colorado is the ideal market for collision centers due to the extreme and unpredictable weather
Listing Contacts
Listed by The Boulder Group - Denver, The Boulder Group
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$364,600.00
$30,383.33/mo
Valuation Metrics
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DSCR
6%
Cap Rate
6%
ROI
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