Listed by Marcus & Millichap - San Diego
$3,163,104
CALIBER COLLISION | ABSOLUTE NNN | RARE LOW RENT
Details
APN 031806
Property Type Retail, Industrial
Sub Type Storefront, Auto Shop
Square Footage 15,873
Cap Rate 6.25%
NOI $197,694
Tenancy Single
Brand/Tenant Caliber Collision
Lease Type Absolute NNN
Lease Expiration 01/31/2039
Remaining Term 12.5
Rent Bumps Yes
Class A
Year Built 1964
Year Renovated 2023
Stories 1
Acreage 2.430
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No
Pad to Walmart Supercenter and Lowe’s | Home of the U.S. Marine Corps’ Camp Lejeune
Marketing description
PLEASE VISIT THE PROPERTY WEBSITE TO DOWNLOAD FULL MARKETING PACKAGE:
https://themansourgroup.com/properties/310725/caliber-collision
Investment highlights
- Long Term Absolute Net Lease (Zero Landlord Responsibilities) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options.
- Caliber Collision is the Nation’s Largest Collision Repair provider, with more than 1,800 Convenient Locations in 41 States - and Growing.
- Dominant Leadership: Hellman & Friedman, Private Equity Firm with Over $25 Billion of Total Assets, is the Majority Owners after Merger.
- Positioned Along Area’s Major Traffic & Retail Corridor. Features Easy Access and Excellent Visibility with Daily Traffic Counts Exceeding 23k Vehicles.
- In Close Proximity to Unites States Marine Corps’ Camp Lejeune (41k+ Active Duty Population), New River Air Station (6k+ Active Duty Population) and other Satellite Camps, makes it the Largest Concentration of Marines and Sailors in the World.
- Pad to a Walmart Supercenter and Lowe’s Anchored Power Center and near Numerous other National Retailers including ALDI, Walgreens, Tractor Supply, PetSmart and many more.
- A Short Drive from Onslow Memorial Hospital - a 162 Bed Acute Care Community Hospital serving the City of Jacksonville.
- Immediate Area Experiencing Major Growth: Located in a Rapidly Growing Community - Near Several Retail & Housing Developments / Under Construction.
- Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation.
Listing Contacts
Listed by Marcus & Millichap - San Diego
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$197,694.00
$16,474.50/mo
Valuation Metrics
0
DSCR
6.25%
Cap Rate
6.25%
ROI
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