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20440 Chartown Dr 32,890 SF Retail Building Cornelius, NC 28031 $7,650,000 ($232.59/SF) 6.75% Cap Rate
INVESTMENT HIGHLIGHTS
- LARGE CALIBER COLLISION (almost 33k sf) adjacent to and visible to I-77 in Charlotte Metro area
- NNN lease with a new 20 year roof in 2024 with a transferable warranty
- Caliber has approximately $5.7 Billion in annual revenue - Corporate parent lease guarantee
EXECUTIVE SUMMARY
We are pleased to present a large hub Caliber Collision property for sale in the Charlotte metro area. This facility is 32,890 square feet on 8.259 acres. The average Caliber locations are approximately 10,000-15,000 square feet. This location is adjacent and visible from Interstate 77 north of Charlotte and in close proximity to over a dozen auto dealerships and businesses. Caliber Collision has 5 years remaining on the lease and has three 5 year options to extend. Each option period has a 5% rent increase. This is a NNN lease where Caliber pays for all operating expenses, property taxes and insurance. Landlord is responsible for structure (there has been no issues) and the roof, which was replaced in 2024 and has a 20 year transferable warranty. There is a lease guaranty from the parent company. 2.5% commission to buyer's broker.
DATA ROOM Click Here to Access
- Offering Memorandum
- Operating and Financials
- Third Party Reports
- Title and Insurance
- Miscellaneous
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
32,890 SF
Building Class
B
Year Built
2000
Price
$7,650,000
Price Per SF
$232.59
Cap Rate
6.75%
NOI
$516,600
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
8.26 AC
Zoning
IC(CD)
Parking
255 Spaces (7.75 Spaces per 1,000 SF Leased)
Frontage
288’ on CHARTOWN Dr
AMENITIES
- Freeway Visibility
- Signage
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Services
-
99,999 SF
- -
-
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 | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 005-411-05 | Improvements Assessment | $3,408,100 |
| Land Assessment | $1,113,200 | Total Assessment | $4,521,300 |
PROPERTY TAXES
Parcel Number
005-411-05
Land Assessment
$1,113,200
Improvements Assessment
$3,408,100
Total Assessment
$4,521,300
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