Caliber Collision
Retail | 6.60% CAP | 18,027 SqFt
Marketing description
Caliber Collision Corporate guaranteed lease. Caliber Collision is the nation's largest auto collision repair provider. Over 8 years remaining with 2 (5-year) option periods to extend. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period. Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises. No landlord responsibilities. Ideal, management-free investment for a passive investor.
The subject property is located near the signalized, hard corner intersection of Pioneer Trail and Flying Cloud Drive, which combine to average more than 19,900 vehicles passing by daily. Approximately 2 miles from Eden Prairie Center, which includes national/credit tenants such as Target, Scheels, Kohl's, Barnes & Noble, and more. Strong tenant synergy promotes crossover shopping to the subject property.
More than 134,200 residents and 115,000 employees support the 5-mile trade area. Affluent $206,129 average household income within 1 mile.
Investment highlights
- Caliber Collision Corporate guaranteed lease
- Caliber Collision is the nation's largest auto collision repair provider
- Over 8 years remaining with 2 (5-year) option periods to extend
- The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period
- Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises
- No landlord responsibilities
- Ideal, management-free investment for a passive investor
- The subject property is located near the signalized, hard corner intersection of Pioneer Trail and Flying Cloud Drive, which combine to average more than 19,900 vehicles passing by daily
- Approximately 2 miles from Eden Prairie Center, which includes national/credit tenants such as Target, Scheels, Kohl's, Barnes & Noble, and more
- Strong tenant synergy promotes crossover shopping to the subject property
- More than 134,200 residents and 115,000 employees support the 5-mile trade area
- Affluent $206,129 average household income within 1 mile
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