$8,085,000 USD
843-952-2252
1290 Pine Plaza Dr
Apex, NC 27523
Cary Crossroads/Apex
HIGHLIGHTS
- Absolute Net Lease (Zero Landlord Responsibilities) with approximately Five Years Remaining on the Initial Term, an Upcoming 10% Rental Increase.
- Caliber Collision is the Nation’s Largest Collision Repair provider, with more than 1,800 Convenient Locations in 41 States - and Growing.
- Dominant Leadership: Hellman & Friedman, Private Equity Firm with Over $25 Billion of Total Assets, is the Majority Owners after Merger.
- Strategic Triangle Highway Access: Positioned between U.S. Highway 64, the Western Wake Freeway, and U.S. Highway 1.
- In Close Proximity to Numerous Auto Dealerships and Auto Service Centers including Toyota, Infiniti, Ford, Buick, Kia, Mercedes, Volkswagen.
OVERVIEW
Caliber Collision | Absolute Net Lease | Strategic Triangle Highway Access | Densely Populated & Affluent Area: $159k+ Avg. HHI | Automotive-Oriented Retail Synergy - Near Numerous Auto Dealerships & Auto Service Centers | Weather-Driven Automotive Repair Demand | Fast-Growing Raleigh-Cary Metro | Costco-Anchored Retail Location | Qualifies for Accelerated Depreciation | Recession Resistant Concept
North Carolina Broker of Record: Charles Gallagher | 201 S. Tryon St., Ste. 1220 Charlotte, NC 28202 | P: (804) 802-6881 | Lic #: 351471 | Charles.Gallagher@MarcusMillichap
FOR SALE DETAILS
PRICE
$8,085,000 USD
PRICE/SF
$478 USD /SF
CAP RATE
6.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
CALIBER COLLISION | ABSOLUTE NNN
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Auto Repair
ADD'L SUBTYPES
Auto Dealership, Freestanding, Storefront Retail/Office
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2016
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
4.5 AC
LAND SF
196,020 SF
ZONING
TF-CZ
APN/PARCEL ID
0742.08-98-7022-000
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843-952-2252
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843-952-2252
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