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Caliber Collision 255 S Easton Rd 11,369 SF Retail Building Glenside, PA 19038 $2,200,000 ($193.51/SF) 6.41% Cap Rate
Investment Highlights
- Corporate Guarantee
- Long-term Net Lease
- Minimal Landlord Responsibilities
- Leading National Collision Repair Operator
- Annual Rent Increases
- High Barrier-to-Entry Corridor
Executive Summary
Equity CRE is pleased to present the opportunity to acquire the net-leased Caliber Collision property located at 255 S Easton Road in Glenside, Pennsylvania, a dense suburban retail corridor within Montgomery County, one of the most affluent and established markets in the Greater Philadelphia region.
The property is leased on a corporate-guaranteed triple-net (NNN) basis to Caliber Bodyworks of Pennsylvania LLC, with a guarantee from Wand Newco 3, Inc., providing investors with predictable and stable income backed by one of the nation’s leading auto collision repair operators.
The property is leased on a corporate-guaranteed triple-net (NNN) basis to Caliber Bodyworks of Pennsylvania LLC, with a guarantee from Wand Newco 3, Inc., providing investors with predictable and stable income backed by one of the nation’s leading auto collision repair operators.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
11,369 SF
Building Class
B
Year Built
1950
Price
$2,200,000
Price Per SF
$193.51
Cap Rate
6.41%
NOI
$141,020
Tenancy
Single
Building Height
1 Story
Building FAR
0.33
Lot Size
0.80 AC
Zoning
MU-1 - General Commercial
Parking
12 Spaces (1.06 Spaces per 1,000 SF Leased)
Frontage
150’ on Easton Rd
Moderately walkable
70/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 31-00-08692-007 | Improvements Assessment | $356,460 |
| Land Assessment | $205,200 | Total Assessment | $561,660 |
Property Taxes
Parcel Number
31-00-08692-007
Land Assessment
$205,200
Improvements Assessment
$356,460
Total Assessment
$561,660
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Caliber Collision | 255 S Easton Rd
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