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Caliber Collision 2760 Concord Pky S 14,640 SF 100% Leased Retail Building Concord, NC 28027 $4,600,000 ($314.21/SF) 5.90% Cap Rate
Investment Highlights
- Longstanding corporate Caliber Collision located in a high growth Charlotte submarket
- Corporate guaranty: Wand Newco 3, Inc.
- Low building to land coverage ratio with gated and secured rear parking
- Recent lease extension demonstrating tenant’s long term commitment to the site
- High quality CMU block building throughout with heavy gauge metal roof
Executive Summary
Longstanding corporate lease to the nation's largest collision repair provider. This offering presents a rare opportunity to acquire a proven Caliber Collision location in Concord, North Carolina, one of the fastest-growing submarkets in the greater Charlotte metropolitan area.
The property is strategically located along the highly trafficked Concord Parkway with excellent ingress/egress and visibility, supporting long-term operational viability. The site is further enhanced by continued residential, mixed-use, and industrial development in the immediate trade area, to include Eli Lilly's $2B campus and Red Bull's new $1.7B beverage manufacturing and distribution facility.
The property is strategically located along the highly trafficked Concord Parkway with excellent ingress/egress and visibility, supporting long-term operational viability. The site is further enhanced by continued residential, mixed-use, and industrial development in the immediate trade area, to include Eli Lilly's $2B campus and Red Bull's new $1.7B beverage manufacturing and distribution facility.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
14,640 SF
Building Class
C
Year Built
2000
Price
$4,600,000
Price Per SF
$314.21
Cap Rate
5.90%
NOI
$271,212
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.13
Lot Size
2.60 AC
Parking
51 Spaces (3.48 Spaces per 1,000 SF Leased)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Services
- -
- -
- -
Caliber was founded in 1997 and began with collision centers in California before growing into a national automotive services business. The company focuses on collision repair, auto glass repair and replacement, and related auto care services through its family of brands. Caliber's collision repair services are supported by repair processes, certifications, and relationships with major insurance carriers and vehicle manufacturers. Today, Caliber maintains a broad presence across the United States and continues to expand its service network for drivers needing post-collision and glass repair support.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Services | - | - | - |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Not bikeable
10/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 5509-66-6966-0000 | Improvements Assessment | $1,645,500 |
| Land Assessment | $749,360 | Total Assessment | $2,394,860 |
Property Taxes
Parcel Number
5509-66-6966-0000
Land Assessment
$749,360
Improvements Assessment
$1,645,500
Total Assessment
$2,394,860
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Caliber Collision | 2760 Concord Pky S