4416 Merle Hay Rd - Auto Repair FOR SALE


Des Moines, IA 50310- Outer West Des Moines/Urbandale
$1,525,000 USD
407-557-3824
4416 Merle Hay Rd, Des Moines, IA for Sale
$1,525,000 USD
Auto Repair - FOR SALE
1/5
null | 6.78% Cap Rate

4416 Merle Hay Rd
Des Moines, IA 50310
Outer West Des Moines/Urbandale


HIGHLIGHTS

  • Corporate Lease with Caliber Collision - Nation’s Largest Autobody Repair Company
  • Lease Backed by Corporate Guaranty - Guaranteed by Wans Newco 3, Inc. (Caliber Parent Entity)
  • Long-Term Triple Net Lease through 2031 - Two 5-Year Options with Fair Market Rent Upside
  • Built-In 2% Annual Rental Increases - Hedge Against Inflation with Steady NOI Growth
  • Located on Merle Hay Road "Dealership Row“ - Surrounded by Kia, Ford, Nissan & Other Major Auto Dealers
  • Strong Market Fundamentals - Population of 187,000+ within a Five Mile Radius

OVERVIEW

This offering presents a rare opportunity to acquire a property leased to Caliber Collision, the nation’s largest auto body repair company, under a long-term triple net lease extending through 2031. The lease is backed by a corporate guaranty from Wans Newco 3, Inc., the parent entity of Caliber, ensuring strong credit reliability. Investors benefit from built-in 2% annual rental increases, providing consistent income growth and a hedge against inflation, along with two 5-year renewal options featuring fair market rent adjustments. The property is strategically positioned along Merle Hay Road, a well-known “Dealership Row” surrounded by high-traffic auto dealerships including Kia, Ford, and Nissan. This dominant co-tenancy aligns with Caliber’s business model, creating strong captive demand for collision repair services. Market fundamentals further support the asset’s performance, with more than 187,000 residents within a 5-mile radius and average household incomes exceeding $102,000. Located in Iowa’s largest metropolitan statistical area, the Des Moines metro boasts a population of approximately 707,000 and continues to experience robust growth of 4.5%. The site benefits from Caliber’s proven operational history, having been successfully integrated into the network following its 2021 acquisition under a sale-leaseback structure. This combination of credit-backed tenancy, predictable rent escalations, and a thriving location makes this property an attractive investment with long-term stability and upside potential.

FOR SALE DETAILS

PRICE

$1,525,000 USD

PRICE/SF

$280 USD /SF

CAP RATE

6.78%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Caliber Collision | NNN Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,054 SF

ZONING

C-H

APN/PARCEL ID

312-02092000000

ASK ABOUT THIS PROPERTY

Scott GouldMarcus & MillichapMore Info
407-557-3824

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Scott GouldMarcus & MillichapMore Info
407-557-3824

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