Caliber Collision - Marion IA
Retail | 6.50% CAP | 12,000 SqFt
Marketing description
Based in Lewisville, Texas, Caliber Collision is the largest provider of automotive collision repair services in the United States. Founded in 1997, the company operates more than 1,800 locations across 41 states, offering collision repair, auto glass replacement, and vehicle calibration services. Caliber serves a broad customer base through partnerships with leading insurance carriers, fleet operators, and individual vehicle owners.
With a workforce of more than 30,000 team members, Caliber Collision is committed to delivering high-quality repairs and exceptional customer service while investing in technician training and innovation. The company is recognized as an industry leader, providing comprehensive repair solutions that restore vehicles to manufacturer standards through advanced equipment, certified repair processes, and a nationwide network of service centers.
Investment highlights
- Well-Below-Market Rent Basis: In-place rent of ~$11 PSF runs well under the the typical rent paid by Caliber, favoring long-term renewal and re-tenanting flexibility
- Recent Capital Improvements: The tenant invested nearly $800,000 into the building when they took over operations; current ownership also installed a new roof since then
- High Barrier of Entry Market: Zoning restrictions continue to make it more difficult for Collision users and similar auto sectors to enter the market offering a higher barrier of entry to outside competition
- Fast-Growing, High-Income Trade Area: 122,000+ residents with average household income over $100K within 3 miles, in one of Iowa's fastest-growing communities
- Anchored by Major Aerospace Employer: On the Blairs Ferry Rd corridor serving Collins Aerospace (RTX), Cedar Rapids' largest employer, with recent military-contract wins and a microchip expansion
- Established National-Retail Corridor: Blairs Ferry Rd frontage (20,700+ VPD) within a dense retail node anchored by Target, Menards, Fleet Farm, and Michaels
- Priced Below Replacement Cost: At ~$169 PSF, well below the cost to build a purpose-built collision facility today, establishing a durable hard-asset floor
- Nation's #1 Collision Repair Operator: Corporate-guaranteed by Caliber Collision, the largest U.S. collision repair provider, with ~1,860 locations across 41 states and 30,000+ employees
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