This rare Caliber Collision offering has one of the lowest investor entry price points on the market for this Tenant. This Lawrenceville, GA (Atlanta MSA) Caliber location has been operating here since 2014. The Tenant recently requested a 10 year lease extension and doubled their footprint. They expanded to a second building for a total of ±15,250 SF on this ±1.5-acre site and completed all the desired tenant improvements at their expense.
Area demographics are outstanding and growing! Traffic counts exceed 27,000 VPD at this busy four lane Lawrenceville, GA (Atlanta MSA) location. The 5-mile population is over 250,000 with an average household income of $99,466.
The 10-year NN lease is offered at a 6.5% cap rate with four 5-year renewal options and rent increases of 5% in Year 6 of the extended term and 2% annually during the renewal periods.
Landlord responsibilities are limited to roof, structure, and parking lot. The Tenant is responsible for reimbursement of all taxes and insurance as well as other maintenance, utilities, and grounds care.
This lease is corporately guaranteed by Caliber Collision, the largest collision repair service in the U.S. with over 1,800 locations nationwide.