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Caliber Collision 2602 E Main St 11,840 SF Retail Building Merrill, WI 54452 $1,536,585 ($129.78/SF) 6.50% Cap Rate
Investment Highlights
- 100% leased to Caliber Collision, the largest auto collision repair provider in the United States with more than 2,100 locations nationwide and ~$5B
- 10-year lease term with ~8 years remaining, providing long-term income security
- NN lease structure with tenant responsible for CAM, taxes, and insurance, minimizing landlord responsibilities
- Corporate-backed lease provides strong tenant credit and operational stability
- 2% annual rent increases, creating consistent NOI growth and hedge against inflation
- Built in 2018, featuring modern construction and operational layout. Newer construction reduces near-term capital expenditure risk
Executive Summary
Introducing a prime investment opportunity at CALIBER COLLISION, located at 2602 E MAIN ST, MERRILL, WI 54452. This single-tenant property boasts a long-term lease with corporate guarantor, Caliber Collision. Offering a solid investment with a sale price of $1,536,585 and a favorable 6.5% cap rate, generating a net operating income of $99,878. The 11,840 SF building sits on a spacious 1.12-acre lot, ensuring ample space for future potential development or expansion. With a lease commencement date of February 10th, 2024, this property provides stability and passive income for investors. Benefit from a strong tenant profile and secure cash flow from a reputable corporation. Don't miss this opportunity to own a property in a high-traffic area with promising demographic trends. Explore the potential and security that CALIBER COLLISION could bring to your investment portfolio.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
11,840 SF
Building Class
B
Year Built
2018
Price
$1,536,585
Price Per SF
$129.78
Cap Rate
6.50%
NOI
$99,878
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.79 AC
Frontage
223’ on East Main Street
Nearby Major Retailers
Property Taxes
| Parcel Number | 251-3107-073-0132 | Improvements Assessment | $1,262,100 |
| Land Assessment | $95,700 | Total Assessment | $1,357,800 |
Property Taxes
Parcel Number
251-3107-073-0132
Land Assessment
$95,700
Improvements Assessment
$1,262,100
Total Assessment
$1,357,800
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Caliber Collision | 2602 E Main St
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