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Caliber Collision 7800 Jolly Ln 24,150 SF Retail Building Brooklyn Park, MN 55445 $3,918,306 ($162.25/SF) 6.50% Cap Rate
Investment Highlights
- Corporate-guaranteed NN lease with Caliber Collision, largest collision repair chain in the U.S.
- Lease extends through February 2033 with two additional five-year renewal options through 2043.
- Located in Minneapolis–St. Paul MSA with 5-mile trade area of ~101,826 residents.
- 2% annual rent increases throughout initial term and both renewal option periods.
- NN lease structure limits landlord responsibilities to roof, HVAC, and structural components.
- Rent basis of $10.55/SF is well below market, providing strong downside protection.
Executive Summary
Broker Of Record
Kurt Sauer
Matthews of Minnesota, LLC
40628602, 41005445 (MN)
701 Xenia Ave S, Ste 485 Minneapolis MN 55416 (866) 889-0550
Kurt Sauer
Matthews of Minnesota, LLC
40628602, 41005445 (MN)
701 Xenia Ave S, Ste 485 Minneapolis MN 55416 (866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
24,150 SF
Building Class
C
Year Built
1991
Price
$3,918,306
Price Per SF
$162.25
Cap Rate
6.50%
NOI
$254,690
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
3.03 AC
Parking
20 Spaces (0.83 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
- Signage
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 | - | - | - |
Fairly walkable
50/100
Exceptionally drivable
100/100
Good public transit
60/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 20-119-21-33-0012 | Improvements Assessment | $1,843,700 |
| Land Assessment | $834,900 | Total Assessment | $2,678,600 |
Property Taxes
Parcel Number
20-119-21-33-0012
Land Assessment
$834,900
Improvements Assessment
$1,843,700
Total Assessment
$2,678,600
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