Listed by Matthews
$2,742,858
Classic Collision Portfolio
Details
Property Type Retail
Sub Type Auto Shop
Square Footage 21,120
Cap Rate 7.00%
NOI $192,000
Tenancy Single
Lease Type NN
Lease Term 10
Lease Expiration 10/31/2032
Rent Bumps Yes
Lease Options Three, 5-Year Options
Year Built 1972
Year Renovated 2011
Buildings 2
Acreage 3.060
Investment Type Net Lease
Lease Commencement 10/21/2022
Ownership Fee Simple
Retail | 7.00% CAP | 21,120 SqFt
Marketing description
Classic Collision is one of the largest and fastest-growing privately held operators in the U.S. automotive collision repair industry. Headquartered in Sandy Springs, Georgia, the company has built a national footprint through a disciplined, acquisition-driven growth strategy. With over 330 locations across the country, Classic Collision offers full-service collision repair, glass replacement, paint refinishing, and advanced driver-assistance system (ADAS) calibration, positioning itself as a one-stop destination for both retail customers and commercial fleet partners.
Investment highlights
- Exposure to a Resilient and Fragmented Collision Industry - The asset is leased to Classic Collision, operating within the highly durable auto collision repair sector. Demand for collision services remains consistent regardless of economic cycles, driven by steady vehicle usage and accident frequency. Additionally, the industry continues to consolidate, with well capitalized operators like Classic Collision expanding their national footprint, supporting tenant stability and long-term occupancy.
- Attractive Passive Income Stream - Classic Collision bought the previous business ±3.5 years ago and established a 10-Year lease, showing long term commitment to the site. The NNN lease structure offers limited landlord responsibilities, with predictable income over the remaining ±6.5 year term. Scheduled 5% rent increases during option periods provide built in growth and inflation hedge over the long term.
- Large Land Parcel with Long Term Flexibility - The ±2.03 acre site is significantly larger than typical collision repair footprints, providing strong underlying real estate value. The excess land offers future optionality for expansion, redevelopment, or alternative uses, enhancing long term upside and residual value.
- Favorable Market Dynamics in Crestview, FL - Located in a growing Florida Panhandle market, the property benefits from population growth, increased vehicle ownership, and continued retail and residential expansion, supporting both tenant performance and long-term real estate appreciation.
- National Tenant - Strong Operator - Classic Collision is a nationally recognized and rapidly expanding auto body repair brand, operating over 330 locations across the United States. The company offers exceptional credit quality and operational stability, supported by its private equity sponsor, TPG Capital, a global investment firm managing over $225 billion in assets.
- Long-Term NNN Lease with Built-In Rent Growth - The property is secured by a ±6.5-year remaining term on a Triple Net (NNN) lease, with the Landlord responsible only for roof and structure. The lease includes three (3) additional 5-year renewal options and features 5% rent increases every five years, ensuring predictable income growth and long-term stability for investors.
- Strategic Location in a Growing Florida Market - Located in Fort Walton Beach, Florida, the property benefits from a diverse and expanding local economy, fueled by tourism, military employment, and steady population growth. The site enjoys excellent visibility and accessibility, positioned near a Walmart Supercenter, Sam's Club, and Lowe's, underscoring strong surrounding retail synergy and favorable area demographics.
- Large Site & Valuable Real Estate - The ±10,472 SF building is situated on a ±1.03-acre lot, offering a low building-to-land ratio, ample parking, and potential future redevelopment opportunities. The expansive site design accommodates high vehicle volume, allowing Classic Collision to maximize operational efficiency and revenue generation.
Listing Contacts
Listed by Matthews
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$192,000.00
$16,000.00/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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