2602 E Main St - Auto Repair FOR SALE


Merrill, WI 54452
$1,536,585 USD
513-300-0763
2602 E Main St, Merrill, WI for Sale
$1,536,585 USD
Auto Repair - FOR SALE
1/5
null | 6.5% Cap Rate

2602 E Main St
Merrill, WI 54452


HIGHLIGHTS

  • 100% leased to Caliber Collision, the largest auto collision repair provider in the United States with more than 2,100 locations nationwide and ~$5B
  • Corporate-backed lease provides strong tenant credit and operational stability
  • 10-year lease term with ~8 years remaining, providing long-term income security
  • 2% annual rent increases, creating consistent NOI growth and hedge against inflation
  • NN lease structure with tenant responsible for CAM, taxes, and insurance, minimizing landlord responsibilities
  • Built in 2018, featuring modern construction and operational layout. Newer construction reduces near-term capital expenditure risk

OVERVIEW

Introducing a prime investment opportunity at CALIBER COLLISION, located at 2602 E MAIN ST, MERRILL, WI 54452. This single-tenant property boasts a long-term lease with corporate guarantor, Caliber Collision. Offering a solid investment with a sale price of $1,536,585 and a favorable 6.5% cap rate, generating a net operating income of $99,878. The 11,840 SF building sits on a spacious 1.12-acre lot, ensuring ample space for future potential development or expansion. With a lease commencement date of February 10th, 2024, this property provides stability and passive income for investors. Benefit from a strong tenant profile and secure cash flow from a reputable corporation. Don't miss this opportunity to own a property in a high-traffic area with promising demographic trends. Explore the potential and security that CALIBER COLLISION could bring to your investment portfolio.

FOR SALE DETAILS

PRICE

$1,536,585 USD

PRICE/SF

$130 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Caliber Collision

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.79 AC

LAND SF

78,145 SF

ZONING

-

APN/PARCEL ID

251-3107-073-0132

ASK ABOUT THIS PROPERTY

Brian BrockmanBang RealtyMore Info
513-300-0763

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Brian BrockmanBang RealtyMore Info
513-300-0763

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.