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8026 Forsythia St
Middleton, WI 53562
Caliber Collision · Retail Property For Sale
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
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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