Listed by Encore Real Estate Investment Services
$1,158,000
CALIBER COLLISION
Details
Property Type Retail
Sub Type Auto Shop
Square Footage 10,911
Cap Rate 7.85%
NOI $90,924
Tenancy Single
Lease Type NN
Lease Term 10
Lease Expiration 12/31/2031
Remaining Term 5.5
Rent Bumps Yes
Lease Options (2) 5 Year Options
Price per SqFt $106
Acreage 2.960
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 12/18/2021
Ground Lease No
Ownership Condo
2% ANNUAL INCREASES | CORPORATE LEASE GUARANTEE
Marketing description
Investment highlights
- Caliber Collision Condo | 10,911 SF Situated on 2.96 Acres*
- Double "NN" Net Lease w/ Minimal Landlord Responsibilities
- Initial 10-Year Lease w/ (2) Five-Year Option Periods
- Attractive 2% Annual Rental Increases Throughout Initial Term & Option Periods
- Corporate Lease Guaranty - Wand Newco 3, LLC
- Subject Property Benefits From Being Located on York Rd - One of North Royalton's Primary North-South Corridors
- Population in a 5-Mile Radius Exceeds 143,000 w/ An Avg Household Income Surpassing $113,000
- North Royalton is Considered Cleveland MSA - Subject Property is Less Than a 30-Minute Drive From Downtown Cleveland
- Caliber Collision Is The Largest Collision Repair Company w/ Over 1,800 Locations In 41 States
Listing Contacts
Listed by Encore Real Estate Investment Services
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Loan Amount
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Annual Debt Service
$--
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Annual Cash Flow
$90,924.00
$7,577.00/mo
Valuation Metrics
0
DSCR
7.85%
Cap Rate
7.85%
ROI
Map
Zoning
GI IndustrialGeneral Industrial
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View all 17 uses
View all 17 uses Last updated Apr 15, 2026 For deeper zoning details, reports are available at Zoneomics
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