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34560615
34560616

8026 Forsythia Street, Middleton, WI 53562 For Sale

RB
CA CA 01826517
Lee & Associates San Diego - Carlsbad
DO
CA CA 02049653
Lee & Associates San Diego - Carlsbad
JN
CA CA 02205115
NNN Investment Group
Listed by Lee & Associates San Diego - Carlsbad, NNN Investment Group
$5,924,000
3 days on market
Updated 3 days ago

Caliber Collision | Corporate Guaranty | Madison MSA

Details
APN 0708-034-4265-2
Property Type Retail
Sub Type Auto Shop
Square Footage 18,109
Cap Rate 6%
NOI $355,456
Occupancy 100%
Tenancy Single
Brand/Tenant Caliber Collision
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 06/16/2034
Remaining Term 8
Rent Bumps Yes
Lease Options (2)-5 Year
Price per SqFt $327
Broker Co-Op True
Year Built 2019
Buildings 1
Acreage 2.690
Tenant Credit Corporate Guarantee
Lease Commencement 06/17/2019
Ground Lease No
Ownership Fee Simple
Sale Condition 1031 exchange

Corporate Guaranty | Absolute NN Lease | Madison MSA

Marketing description

Lee & Associates is pleased to present the exclusive opportunity to acquire the fee simple interest in a single-tenant Caliber Collision located at 8026 Forsythia Street in Middleton, Wisconsin, within the highly desirable Madison MSA. The property consists of an 18,109 square foot built-to-suit collision repair facility completed in 2019 on 2.69 acres. The asset is leased to Caliber Collision, the nation's largest collision repair company, under an absolute NNN lease backed by a corporate guaranty from Wand Newco 3, Inc., providing investors with zero landlord responsibilities and stable long-term cash flow. The lease features 10% rent increases every five years, approximately eight years of remaining primary term, and two five-year renewal options, offering attractive built-in income growth.

Caliber Collision is the leading collision repair provider in the United States, operating more than 1,800 locations across 41 states and generating approximately $7.85 billion in annual revenue while employing more than 30,000 people. The company has established long-standing relationships with major insurance carriers, creating consistent demand for its services and reinforcing the stability of its business model. As the industry's largest operator, Caliber continues to expand its national footprint while providing investors with the security of a recession-resistant tenant operating from a modern, purpose-built facility.

The property is strategically positioned in Middleton, one of the Madison area's fastest-growing and most affluent communities, with immediate access to US Highway 12 and US Highway 14, providing convenient connectivity throughout the region. The surrounding commercial corridor is home to a diverse mix of industrial, technology, healthcare, and research employers, including Electronic Theatre Controls (ETC), Thermo Fisher Scientific, Rockwell Automation, and UW Health, supporting a strong daytime employment base. The immediate trade area benefits from average household incomes exceeding $159,000 within three miles, while the greater Madison MSA continues to experience sustained population, employment, and economic growth driven by the University of Wisconsin, state government, healthcare, and technology industries.

Investment highlights

  • Strong Corporate Lease Guaranty from Wand Newco 3, Inc. – $7.5 Billion Estimated Annual Revenue (2024) – Nation’s Largest Auto Collision Repair Provider – 1,800 Locations in 41 States
  • 8 Years Remaining on Absolute NNN Lease – No Landlord Responsibilities – 10% Rent Increases Every 5 Years/li>
  • High-Quality 2019 Built-to-Suit Facility – Modern Construction Designed for Caliber Collision’s Operational Requirements
  • Excellent Visibility and Regional Access – Located Adjacent to US Highway 12 (45,950 VPD) – Directly Across from Middleton Municipal Airport
  • Strategic Location Within the Madison MSA – Middleton, One of the Madison Area’s Most Desirable and Fastest-Growing Communities – Diverse Economy Anchored by Government, Healthcare, Education, and Technology Sectors
  • Established Commercial Corridor – Diverse Mix of Industrial, Office, Retail, Multifamily, and Research and Development – Home to Numerous Corporate Headquarters

Listing Contacts

RB
CA CA 01826517
Lee & Associates San Diego - Carlsbad
DO
CA CA 02049653
Lee & Associates San Diego - Carlsbad
JN
CA CA 02205115
NNN Investment Group
Listed by Lee & Associates San Diego - Carlsbad, NNN Investment Group

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$355,456.00
$29,621.33/mo

Valuation Metrics

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DSCR
6%
Cap Rate
6%
ROI

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