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CALIBER COLLISION | 15 YR ABSOLUTE NET LEASE 4438 South Blvd 17,327 SF Retail Building Charlotte, NC 28209 $6,922,650 ($399.53/SF) 6% Cap Rate
Investment Highlights
- Recent Lease Extension - 15 Year Absolute Net Lease (Zero Landlord Responsibilities) | 2016 Complete Interior and Exterior Renovation including Roof.
- Caliber Collision is the Nation’s Largest Collision Repair provider, with more than 1,800 Convenient Locations in 41 States - and Growing.
- Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation.
- Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options.
- Dominant Leadership: Hellman & Friedman, Private Equity Firm with Over $25 Billion of Total Assets, is the Majority Owners after Merger.
- Densely Populated and Affluent Area: Avg. Household Income of $111k+ within a 3-Mile Radius and over 248k People Residing within a 5-Mile Radius.
Executive Summary
Caliber Collision Center | 15 Year Absolute Net Lease | Recent Lease Extension | Premier Charlotte Retail Corridor Location - High-Traffic South Charlotte Artery | Densely Populated and Affluent Area | Near Charlotte Douglas International Airport - One of the Nation’s Busiest Hubs | Easy Access to I-77 | Qualifies for Accelerated Depreciation | Recession-Resistant Concept
North Carolina Broker of Record: Charles Gallagher | 201 S. Tryon St., Ste. 1220 Charlotte, NC 28202 | Lic. 351471 | P: (804) 802-6881 | Charles.Gallagher@MarcusMillichap.com
North Carolina Broker of Record: Charles Gallagher | 201 S. Tryon St., Ste. 1220 Charlotte, NC 28202 | Lic. 351471 | P: (804) 802-6881 | Charles.Gallagher@MarcusMillichap.com
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
17,327 SF
Building Class
C
Year Built/Renovated
1974/2016
Price
$6,922,650
Price Per SF
$399.53
Cap Rate
6%
NOI
$415,359
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
1.69 AC
Zoning
I-2
Parking
80 Spaces (4.62 Spaces per 1,000 SF Leased)
Frontage
92’ on South Blvd
Amenities
- Bus Line
- Commuter Rail
- Freeway Visibility
- Pylon Sign
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Caliber Collision
- Retailer
- 17,327 SF
- -
- Triple Net
- Sep 2039
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Caliber Collision | Retailer | 17,327 SF | - | Triple Net | Sep 2039 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 149-062-01 | Improvements Assessment | $855,900 |
| Land Assessment | $2,620,400 | Total Assessment | $3,476,300 |
Property Taxes
Parcel Number
149-062-01
Land Assessment
$2,620,400
Improvements Assessment
$855,900
Total Assessment
$3,476,300
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CALIBER COLLISION | 15 YR ABSOLUTE NET LEASE | 4438 South Blvd
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