OFFERING SUMMARY
Price: $3,636,313
Cap Rate: 5.75%
Gross Leasable Area: 11,704 SF
NOI: $209,088
OFFERING HIGHLIGHTS
- Double Net Lease
- Corporate Guarantee
- Fresh 7-Year Extension
- 20+ Years Operating History at Location
- Austin MSA
INVESTMENT OVERVIEW
The subject offering affords investors the opportunity to acquire a corporately guaranteed, double-net Caliber Collision located in the highly coveted area of Round Rock, Texas. This property boasts just over seven years remaining on term and ten percent rental increases scheduled every five years.
Caliber Collision has operated at this site for over 20 years and has seamlessly exercised each option to date. Furthermore, Caliber Collision is the largest collision repair company in the United States with over 1,600 locations and triple the size of their nearest competitor. This is a prime opportunity to enter a best-in-class tenant in a location with intrinsic value
