Listed by Marcus & Millichap | The Patel Yozwiak Group
$3,227,000
Caliber Collision Center
Details
Property Type Retail
Sub Type Restaurant, Auto Shop
Square Footage 17,416
Cap Rate 7.71%
NOI $248,739
Occupancy 100%
Tenancy Multi
Brand/Tenant Caliber Collision
Price per SqFt $185
Year Built 1950
Year Renovated 2017
Acreage 1.170
Investment Type Net Lease
Ground Lease No
Ownership Fee Simple
Retail | 7.71% CAP | 17,416 SqFt
Investment highlights
- 17,416-SF Multi Tenant Center Occupied by a Local Restaurant and Corporate Caliber Collision on a +/-1.17-Acre Lot
- Caliber Has 7 Years Remaning on a NNN Lease With No Landlord Responsibilities | Restaurant Tenant Operates Under a NN Lease With Minimal Landlord Responsibilities
- Caliber Lease Features a 10% Rental Increases Every 5 Years Throughout the Primary Term and Each of Two, 5-Year Option Periods.
- Restaurant Tenant Has 2 Years Remaining With 3% Annual Rental Increases
- Caliber Collision Ranks as the Nation's Largest Collision Repair Provider, with more than 1,700+ Locations Across 41 States.
- Caliber Collision Qualifies for Tax Savings through Accelerated Depreciation and Cost Segregation.
- Fast Growing Tenant: Caliber Tripled Their Number of Collision Centers from 600 to 1,800 from 2018-2023.
- Located in Downtown Hatboro, a Borough in Montgomery County, PA and Apart of the Philadelphia-Camden-Wilmington MSA
- Situated Along York Road, a Major Thoroughfare Of Hatboro, Running South into Downtown Philadelphia Seeing 17,000 Vehicles Per Day (VPD.
- Easy Access to Interstate 276 / Pennsylvania Turnpike, a Major Toll Road Connecting Pittsburgh to Philadelphia, Seeing 94,800 VPD.
- 25 Miles From Downtown Philadelphia, the Most Populous City in Pennsylvania and the Sixth Most Populous in the US. The Philadelphia Metro Area Has a Population Of Over 6.3 Million.
- Nearby Tenants Include Dollar General, Wawa, Home Depot, McDonald's, Giant, Staples, FedEx, Dunkin', Fresenius and Many More.
- Hatboro and the Surrounding Philadelphia Area Suburbs Have Seen Extensive Residential Growth Between 2018 and 2023.
- Showcasing Stable Strong And Affluent Demographics, The Population Exceeds 198,300 Residents Within 5 Miles and is Projected to Grow by 2030. Daytime Population Within 5 Miles is Over 232,900. Average Household Incomes of Over $119,700 Within 3 Miles. Over 38% of the Population Has a Bachelors Degree or Higher Within 1 Mile.
Listing Contacts
Listed by Marcus & Millichap | The Patel Yozwiak Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$248,739.00
$20,728.25/mo
Valuation Metrics
0
DSCR
7.71%
Cap Rate
7.71%
ROI
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