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34001879
34001880

7800 Jolly Lane North, Brooklyn Park, MN 55445

DG
FL SL3463209 (FL)
Matthews
HG
FL SL3619917
Matthews Real Estate
Listed by Matthews, Matthews Real Estate
$3,918,306
3 days on market
Updated 1 day ago

Caliber Collision

Details
Property Type Retail
Sub Type Auto Shop
Square Footage 24,150
Cap Rate 6.50%
NOI $254,690
Occupancy 100%
Tenancy Single
Brand/Tenant Caliber Collision
Lease Type NN
Remaining Term 6.9
Rent Bumps Yes
Price per SqFt $162
Year Built 1991
Acreage 3.030
Ground Lease No

Corporate-Guaranteed Caliber Collision in the Heart of Minneapolis MSA

Investment highlights

• Credit Tenant — Corporate Guarantee – Caliber Collision is the largest collision repair chain in the United States, operating more than 1,700 locations and generating approximately $7 billion in annual revenue. The lease is backed by a corporate guarantee, eliminating personal guarantor risk.

• Low Per-Square-Foot Rent Basis (Attractive Lease Pricing) – At just $10.55 per square foot, the property’s rent basis is well below market for comparable net lease assets, providing a strong value proposition for investors and meaningful downside protection against re-leasing risk.

• Recently Replaced Roof (Reduced Capital Expenditure Risk) - The roof was replaced in 2021, reducing the likelihood of near-term capital expenditures and reinforcing the property's low-maintenance, passive ownership profile under the NN lease structure.

• Contractual 2% Annual Rent Increases – Base rent increases by 2% annually throughout the initial lease term and both renewal option periods, growing from $240,000 per year in Year 1 to $286,822 per year by the scheduled lease expiration in 2033.

• Long-Term Lease with Extension Potential – The lease extends through February 2033 and includes two additional five-year renewal options, allowing for potential occupancy through 2043. If all options are exercised, annual net operating income (NOI) could increase to approximately $349,635 per year.

• Minimal Landlord Responsibilities (NN Lease) – The double-net (NN) lease structure limits the landlord’s responsibilities primarily to the roof, HVAC systems, and structural components, creating a relatively passive ownership profile with limited management obligations.

• Strong Minneapolis MSA Location – The property is located in Brooklyn Park within the Minneapolis–St. Paul metropolitan statistical area (MSA). The five-mile trade area includes approximately 101,826 residents, projected to grow to roughly 110,786 residents within five years, with an average household income of $86,799.

Listing Contacts

DG
FL SL3463209 (FL)
Matthews
HG
FL SL3619917
Matthews Real Estate
Listed by Matthews, Matthews Real Estate

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$254,689.92
$21,224.16/mo

Valuation Metrics

0
DSCR
6.5%
Cap Rate
6.5%
ROI

Map

Zoning

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TOD-C SpecialTransit Oriented Development Center District
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Last updated Jun 23, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Kurt Sauer
License
40628602, 41005445 (MN)
Brokerage
Matthews of Minnesota, LLC
Brokerage Phone
(866) 889-0550
Title
Broker of Record
Brokerage Address
701 Xenia Ave S, Ste 485 Minneapolis MN 55416
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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