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Caliber Collision 8026 Forsythia St 18,109 SF Retail Building Middleton, WI 53562 $5,924,000 ($327.13/SF) 6% Cap Rate
Investment Highlights
- Strong Corporate Lease Guaranty from Wand Newco 3, Inc. – $7.5 Billion Estimated Annual Revenue (2024) – Nation’s Largest Auto Collision Repair
- High-Quality 2019 Built-to-Suit Facility – Modern Construction Designed for Caliber Collision’s Operational Requirements
- Strategic Location Within the Madison MSA – Middleton, One of the Madison Area’s Most Desirable and Fastest-Growing Communities
- 8 Years Remaining on Absolute NNN Lease – No Landlord Responsibilities – 10% Rent Increases Every 5 Years
- Excellent Visibility and Regional Access – Located Adjacent to US Highway 12 (45,950 VPD) – Directly Across from Middleton Municipal Airport
- Established Commercial Corridor – Diverse Mix of Industrial, Office, Retail, Multifamily, and Research and Development – Home to Numerous Corporate HQ
Executive Summary
The property consists of an 18,109 square foot built-to-suit collision repair facility completed in 2019 on 2.69 acres. The asset is leased to Caliber Collision, the nation's largest collision repair company, under an absolute NNN lease backed by a corporate guaranty from Wand Newco 3, Inc., providing investors with zero landlord responsibilities and stable long-term cash flow. The lease features 10% rent increases every five years, approximately eight years of remaining primary term, and two five-year renewal options, offering attractive built-in income growth.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
18,109 SF
Building Class
B
Year Built
2019
Price
$5,924,000
Price Per SF
$327.13
Cap Rate
6%
NOI
$355,456
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
2.69 AC
Zoning
PDD
Parking
77 Spaces (4.25 Spaces per 1,000 SF Leased)
Frontage
232’ on Nursery Drive
Amenities
- Signage
- Monument Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Services
- -
- -
-
Jan 0000
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 | - | - | Jan 0000 |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,905,900 | |
| Land Assessment | $875,600 | Total Assessment | $3,781,500 |
Property Taxes
Parcel Numbers
Land Assessment
$875,600
Improvements Assessment
$2,905,900
Total Assessment
$3,781,500
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