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NNN Lease Sale - Classic Collision Center 1165 NW 55th St 11,133 SF Industrial Building Fort Lauderdale, FL 33309 $4,235,000 ($380.40/SF) 5.80% Cap Rate
Investment Highlights
- NNN Long term lease with Classic Collision, a publicly traded national chain of Collision Center owned by TPG ( NASDAQ)
- Recession proof tenant business located in center of major metropolitan area
- Minimal Landlord responsibilities - roof and structure
Executive Summary
TPG ( NASDAQ). Initial 15 year lease expiring in 2035 with 3 additional 5 year options to renew with escalations. Minimal landlord responsibilities - roof and structure. Buildings in good condition . Located in major metropolitan area with easy access to over 2 million people.
Offering consists of 2 separate collision buildings across the street from one another plus an additional storage lot.
Property Facts
| Price | $4,235,000 | Lot Size | 0.40 AC |
| Price Per SF | $380.40 | Rentable Building Area | 11,133 SF |
| Sale Type | Investment NNN | No. Stories | 2 |
| Cap Rate | 5.80% | Year Built/Renovated | 1971/2007 |
| Sale Condition | 1031 Exchange | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 1.98/1,000 SF |
| Property Subtype | Service | Clear Ceiling Height | 14’ |
| Building Class | B | No. Drive In / Grade-Level Doors | 3 |
| Zoning | I - I-1 Industrial- City of Fort Lauderdale | ||
| Price | $4,235,000 |
| Price Per SF | $380.40 |
| Sale Type | Investment NNN |
| Cap Rate | 5.80% |
| Sale Condition | 1031 Exchange |
| Property Type | Industrial |
| Property Subtype | Service |
| Building Class | B |
| Lot Size | 0.40 AC |
| Rentable Building Area | 11,133 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1971/2007 |
| Tenancy | Single |
| Parking Ratio | 1.98/1,000 SF |
| Clear Ceiling Height | 14’ |
| No. Drive In / Grade-Level Doors | 3 |
| Zoning | I - I-1 Industrial- City of Fort Lauderdale |
Amenities
- Fenced Lot
- Signage
- Perimeter Security Fence
Utilities
- Gas
- Water
- Sewer
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Services
- 11,133 SF
- -
- Triple Net
- -
Classic Collision was established in 1983 in Atlanta, GA, with a single goal: to offer quality service to its customers with honesty and integrity. They do this by employing the best talent and using the highest-quality materials. Classic Collision is one of the largest privately-held national providers of auto body repair services with over 170 state-of-the-art repair facilities in 13 states across the U.S. For over 38 years, Classic Collision has put customer satisfaction first in all they do. They are proud to provide high-quality auto body repairs with properly trained technicians and the appropriate equipment. They hold numerous manufacturer certifications and factory-direct training which makes them a leader in comprehensive collision repair.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Services | 11,133 SF | - | Triple Net | - |
Property Taxes
| Parcel Number | 49-42-16-10-0010 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,794,450 |
Property Taxes
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NNN Lease Sale - Classic Collision Center | 1165 NW 55th St
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