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Caliber Collision 118 S Morningside Dr 23,844 SF Retail Building Cartersville, GA 30121 $3,948,720 ($165.61/SF) 6.25% Cap Rate



INVESTMENT HIGHLIGHTS
- Brand-New Lease
- Low Rent Per SF & Sold Real Estate Fundamentals
- Minimal Landlord Responsibilities
- Attractive Rent Increases
- Strong Tenant
- Strategic Location
EXECUTIVE SUMMARY
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the single tenant Caliber Collision investment property located at 118 Morningside Drive and 13 & 17 Forest Lane in Cartersville, Georgia (the “Property”). The Property consists of a 23,844 square foot building on 2.87 acres of land, comprised of three adjacent parcels. Caliber Collision uses 13 & 17 Forrest Lane for additional vehicle parking and vehicle storage. The building was constructed in 2018 with Caliber Collision beginning a brand-new, 10-year lease in December 2021. There are currently over 5 years of term remaining on the Modified NN Lease followed by two (2), 5-year renewal options. The lease features attractive 2% annual rental increases throughout the primary lease term and the option periods. The Property is situated on Morningside Drive, which runs directly next to US Route 41, the area’s primary commercial and commuter corridor. Morningside Drive has access to US Route 41 immediately in front of the Property, which benefits from excellent frontage and visibility on both roadways, as well as three total points of entry. Caliber Collision is positioned within Cartersville’s primary retail trade area, with numerous shopping centers, grocers, and national retailers in the vicinity that drive consumer traffic. The Property is just half a mile from downtown Cartersville and is a short drive to Interstate 75, which along with US Route 41 leads directly to Atlanta. Cartersville is in the northwestern edge of the Atlanta MSA, approximately 35 miles from Downtown Atlanta.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
23,844 SF
Building Class
C
Year Built
2018
Price
$3,948,720
Price Per SF
$165.61
Cap Rate
6.25%
NOI
$246,794
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
2.87 AC
Zoning
C3
Frontage
AMENITIES
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Caliber Collision
- -
- -
- -
- Dec 2031
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Caliber Collision | - | - | - | Dec 2031 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | C006-0001-022 | Improvements Assessment | $704,837 |
| Land Assessment | $381,204 | Total Assessment | $1,086,041 |
PROPERTY TAXES
Parcel Number
C006-0001-022
Land Assessment
$381,204
Improvements Assessment
$704,837
Total Assessment
$1,086,041
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Caliber Collision | 118 S Morningside Dr
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