Log In/Sign Up
Your email has been sent.
Caliber Collision 1220 11th St N 24,500 SF Industrial Building Sauk Rapids, MN 56379 $2,500,000 ($102.04/SF) 6.33% Cap Rate
INVESTMENT HIGHLIGHTS
- Over 11-Years Remaining | Scheduled Rental Increases | Established Brand | Corporate Signed
- Dense Retail Corridor | Strong National/Credit Tenant Presence | St. Cloud Hospital | St. Cloud Technical & Community College
- NN Leased | Fee Simple | $1.5M+ in Tenant Improvements | Limited Landlord Responsibilities
- Strong Demographics in 5-Mile Trade Area | Direct Consumer Base
EXECUTIVE SUMMARY
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, corporate signed, Caliber Collision investment property located in Sauk Rapids, Minnesota (St. Cloud MSA). The tenant, Caliber Holdings, LLC has over 11 years remaining on their current lease with 2 (5-year) options to extend. The lease features 5% rental increases every 5 years throughout the initial term and 10% rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NN with limited landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor. Founded in 1997, the Caliber portfolio of brands has grown to more than 1,700 centers nationwide and features a full range of complementary automotive services, including Caliber Collision, the nation’s largest auto collision repair provider across 41 states, Caliber Auto Glass for glass repair and replacement and Caliber Auto Care for mechanical repair and quick oil change services. Lastly, the tenant spent over $1.5 million in tenant improvements / building upgrades to retrofit the building for their use, demonstrating their commitment to the site.
PROPERTY FACTS
| Price | $2,500,000 | Rentable Building Area | 24,500 SF |
| Price Per SF | $102.04 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1979 |
| Cap Rate | 6.33% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 2.08/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 16’ |
| Building Class | C | No. Dock-High Doors/Loading | 1 |
| Lot Size | 1.60 AC | No. Drive In / Grade-Level Doors | 2 |
| Zoning | C-2 - General Commercial | ||
| Price | $2,500,000 |
| Price Per SF | $102.04 |
| Sale Type | Investment |
| Cap Rate | 6.33% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 1.60 AC |
| Rentable Building Area | 24,500 SF |
| No. Stories | 1 |
| Year Built | 1979 |
| Tenancy | Single |
| Parking Ratio | 2.08/1,000 SF |
| Clear Ceiling Height | 16’ |
| No. Dock-High Doors/Loading | 1 |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | C-2 - General Commercial |
AMENITIES
- Bus Ducts
- Floor Drains
- Air Conditioning
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Services
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
Founded in 1997, Caliber has grown to hundreds of centers nationwide and features a range of automotive services, including Caliber Collision, one of the nation’s largest auto collision repair providers across dozens of states and Caliber Auto Glass for glass repair and replacement. With the Purpose of "Restoring the Rhythm of Your Life®", Caliber’s thousands of teammates are committed to getting customers back on the road safely — and back to the rhythm of their lives — every day. Dedicated to providing an outstanding customer experience, Caliber continues to rank among the highest customer satisfaction scores in the industry.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Services | - | $9.99 | Lorem Ipsum | Jan 0000 |
1 1
PROPERTY TAXES
| Parcel Number | 19.02125.00 | Improvements Assessment | $1,563,000 |
| Land Assessment | $175,900 | Total Assessment | $1,738,900 |
PROPERTY TAXES
Parcel Number
19.02125.00
Land Assessment
$175,900
Improvements Assessment
$1,563,000
Total Assessment
$1,738,900
1 of 10
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Caliber Collision | 1220 11th St N
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.