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Caliber Collision | NNN Lease 4416 Merle Hay Rd 5,888 SF Retail Building Urbandale, IA 50322 $1,525,000 ($259.00/SF) 6.78% Cap Rate
Investment Highlights
- • Corporate Lease with Caliber Collision - Nation’s Largest Autobody Repair Company
- • Long-Term Triple Net Lease through 2031 - Two 5-Year Options with Fair Market Rent Upside
- • Located on Merle Hay Road "Dealership Row“ - Surrounded by Kia, Ford, Nissan & Other Major Auto Dealers
- • Lease Backed by Corporate Guaranty - Guaranteed by Wans Newco 3, Inc. (Caliber Parent Entity)
- • Built-In 2% Annual Rental Increases - Hedge Against Inflation with Steady NOI Growth
- • Strong Market Fundamentals - Population of 187,000+ within a Five Mile Radius
Executive Summary
• Corporate Lease with Caliber Collision
- Nation’s Largest Autobody Repair Company
• Lease Backed by Corporate Guaranty
- Guaranteed by Wans Newco 3, Inc. (Caliber Parent Entity)
• Long-Term Triple Net Lease through 2031
- Two 5-Year Options with Fair Market Rent Upside
• Built-In 2% Annual Rental Increases
- Hedge Against Inflation with Steady NOI Growth
• Located on Merle Hay Road "Dealership Row“
- Surrounded by Kia, Ford, Nissan & Other Major Auto Dealers
- Ideal Co-Tenancy Driving Captive Demand for Collision Repair
• Strong Market Fundamentals
- Population of 187,000+ within a Five Mile Radius
• Affluent Trade Area Demographics
- Average Household Income Exceeds $102,000 (5-Mile)
• Successful Longstanding Operating Business
- Caliber Operating at Site Since 2021 Acquisition (Sale-Leaseback)
• Located in Iowa’s Largest MSA
- Des Moines Metro- 707,000 Residents & Growing 4.5%
- Nation’s Largest Autobody Repair Company
• Lease Backed by Corporate Guaranty
- Guaranteed by Wans Newco 3, Inc. (Caliber Parent Entity)
• Long-Term Triple Net Lease through 2031
- Two 5-Year Options with Fair Market Rent Upside
• Built-In 2% Annual Rental Increases
- Hedge Against Inflation with Steady NOI Growth
• Located on Merle Hay Road "Dealership Row“
- Surrounded by Kia, Ford, Nissan & Other Major Auto Dealers
- Ideal Co-Tenancy Driving Captive Demand for Collision Repair
• Strong Market Fundamentals
- Population of 187,000+ within a Five Mile Radius
• Affluent Trade Area Demographics
- Average Household Income Exceeds $102,000 (5-Mile)
• Successful Longstanding Operating Business
- Caliber Operating at Site Since 2021 Acquisition (Sale-Leaseback)
• Located in Iowa’s Largest MSA
- Des Moines Metro- 707,000 Residents & Growing 4.5%
Data Room Click Here to Access
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
5,888 SF
Year Built/Renovated
1964/1996
Price
$1,525,000
Price Per SF
$259.00
Cap Rate
6.78%
NOI
$103,342
Tenancy
Single
Building Height
1 Story
Zoning
Commercial
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
20/100
Moderately bikeable
60/100
Nearby Major Retailers
1 of 5
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Caliber Collision | NNN Lease | 4416 Merle Hay Rd
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