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Single Tenant Net Lease Investment 2590 Lawrenceville Hwy 15,250 SF Retail Building Lawrenceville, GA 30044 $2,017,538 ($132.30/SF) 6.50% Cap Rate
Investment Highlights
- Great entry price point for 1031 Exchange Buyers
- Continued operations at this location for over 12 years
- Prominent Atlanta MSA submarket with traffic counts of over 27K VPD and five-mile population of over 250,000
- Located in high density and growing Gwinnett County GA location
- Tenant initiated the 10-year NN lease extension with four 5-year renewal options and periodic rent increases
- Strong corporate guarantor Caliber Collision, the largest collision repair company in the U.S. with over 1,800 locations
Executive Summary
This rare Caliber Collision offering has one of the lowest investor entry price points on the market for this Tenant. This Lawrenceville, GA (Atlanta MSA) Caliber location has been operating here since 2014. The Tenant recently requested a 10 year lease extension and doubled their footprint. They expanded to a second building for a total of ±15,250 SF on this ±1.5-acre site and completed all the desired tenant improvements at their expense.
Area demographics are outstanding and growing! Traffic counts exceed 27,000 VPD at this busy four lane Lawrenceville, GA (Atlanta MSA) location. The 5-mile population is over 250,000 with an average household income of $99,466.
The 10-year NN lease is offered at a 6.5% cap rate with four 5-year renewal options and rent increases of 5% in Year 6 of the extended term and 2% annually during the renewal periods.
Landlord responsibilities are limited to roof, structure, and parking lot. The Tenant is responsible for reimbursement of all taxes and insurance as well as other maintenance, utilities, and grounds care.
This lease is corporately guaranteed by Caliber Collision, the largest collision repair service in the U.S. with over 1,800 locations nationwide.
Area demographics are outstanding and growing! Traffic counts exceed 27,000 VPD at this busy four lane Lawrenceville, GA (Atlanta MSA) location. The 5-mile population is over 250,000 with an average household income of $99,466.
The 10-year NN lease is offered at a 6.5% cap rate with four 5-year renewal options and rent increases of 5% in Year 6 of the extended term and 2% annually during the renewal periods.
Landlord responsibilities are limited to roof, structure, and parking lot. The Tenant is responsible for reimbursement of all taxes and insurance as well as other maintenance, utilities, and grounds care.
This lease is corporately guaranteed by Caliber Collision, the largest collision repair service in the U.S. with over 1,800 locations nationwide.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
15,250 SF
Building Class
C
Year Built
1995
Price
$2,017,538
Price Per SF
$132.30
Cap Rate
6.50%
NOI
$131,140
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
1.50 AC
Zoning
C2
Parking
40 Spaces (2.62 Spaces per 1,000 SF Leased)
Frontage
244’ on Lawrenceville Highway
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Services
- -
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$9.99
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Lorem Ipsum
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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 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 5-018-043B | Improvements Assessment | $254,640 |
| Land Assessment | $120,240 | Total Assessment | $374,880 |
Property Taxes
Parcel Number
5-018-043B
Land Assessment
$120,240
Improvements Assessment
$254,640
Total Assessment
$374,880
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Single Tenant Net Lease Investment | 2590 Lawrenceville Hwy
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