3912 17th St - Auto Repair FOR SALE


East Moline, IL 61244- Outer Rock Island/Moline
$2,965,000 USD
818-207-3659
3912 17th St, East Moline, IL for Sale
$2,965,000 USD
Auto Repair - FOR SALE
1/8
null | 7.01% Cap Rate

3912 17th St
East Moline, IL 61244
Outer Rock Island/Moline


HIGHLIGHTS

  • Recently Renovated Property (2022)
  • Annual 2% Rent Increases
  • Corporately Guaranteed Lease

OVERVIEW

3912 17th Street (the "Property") presents an excellent opportunity to acquire fee simple interest in a freestanding single tenant, corporately guaranteed Caliber Collision. Located in East Moline, Il, Caliber Collision has been successfully operating this location since 2022. There are currently +/- 6 years remaining on the primary term of the lease with two 5-year options and annual 2% rent escalations. The NN lease offers minimal landlord responsibilities, further mitigated by substantial capital improvements in 2021/2022. Prior to taking possession of the property in 2022, the property underwent significant capital improvements (approximately $400,000 according to previous owner), including new exterior paint, new HVAC units, upgraded exterior lighting, a new 800-amp electrical panel, roof repairs, and refreshed asphalt striping, enhancing both functionality and curb appeal. Positioned adjacent to Green Family Chevrolet, directly across from Kunes Ford of East Moline, and located along the primary retail corridor (Avenue of the Cities) in East Moline, the Property benefits from excellent real estate fundamentals, especially for an automotive repair facility. Caliber Collision is the largest collision repair provider in the United States, operating over 1,800 centers across 41 states with approximately $4.7 billion in annual revenue in 2025. The lease is corporately guaranteed by Wand Newco 3, Inc., the tenant's parent company, providing institutional-grade credit support and long-term operational stability. ILLINOIS BROKER OF RECORD - BRIAN BROCKMAN OF BANG REALTY ILLINOIS, INC. LICENSE # 471020548 Investment Highlights: Recently Renovated Property - Prior to Caliber Collision taking tenancy in the property, the property underwent substantial capital improvements. These capital improvements include: new exterior paint, new HVAC units, exterior lighting upgrades, a new 800-amp electrical panel, roof repairs (seal protrusions and ridge cap), and re-sealing/striping of portions of the asphalt. Corporately Guaranteed Lease - Wand Newco 3, Inc., the Parent Company of Caliber Collision, is the Guarantor of the lease. Caliber Collision is the largest collision repair provider in the U.S., with over 1,800 centers across 41 states and annual revenue in 2025 of approximately $4.7 billion. Annual Rent Increases - The Property is subject to 2% annual rent escalations (including options) which provides steady, compounding growth in NOI every year. Because of the annual compounding rent increases (versus the more common 10% every 5 years for Caliber), the Cap Rate is set to increase more than 70 bps over the next 6 years. Prime Synergistic Location - The Property is situated along the main retail corridor in East Moline (Avenue of the Cities), adjacent to Green Family Chevrolet and across the street from Kunes Ford of East Moline, providing a synergistic location that enhances operational performance and tenant stability. This prime positioning offers Caliber Collision direct access to a steady stream of referral work from the neighboring dealerships, including insurance-backed collision repairs for new and used vehicle customers. Excellent Online Reviews - The subject Caliber Collision has excellent reviews with 4.9/5 stars on Google. A 4.9-star Google rating is a strong positive for the property's performance and investment quality. High customer satisfaction drives repeat business, strong referrals, and steady insurance and dealership work. Excellent reviews boost local visibility, attract more customers, and support higher utilization and revenue stability.

FOR SALE DETAILS

PRICE

$2,965,000 USD

PRICE/SF

$165 USD /SF

CAP RATE

7.01%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1969

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.43 AC

LAND SF

62,291 SF

ZONING

EM

APN/PARCEL ID

18-06-308-001

ASK ABOUT THIS PROPERTY

Tyler StevensSierra Real Estate AdvisorsMore Info
818-207-3659

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Tyler StevensSierra Real Estate AdvisorsMore Info
818-207-3659

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