Caliber Collision, Seymour, Tennessee

10754 Chapman Highway no-imageVIEW MAP

Property Information

Price: $2,181,818

Cap Rate: 5.50%
NOI: $120,000
Lease Term: 10 Years with 6+ Years Remaining
Lease Type: NN
Building Size: Approximately 16,500 Square Feet
Year Built: 2010
Status: Available
Lead Broker Information:

Russ Kimzey

russ@realcapitalinvestments.com

214-380-3675

Property Description

Investment Highlights

  • 10 Year NN Lease With 6+ Years Remaining – Stable Cash Flow Asset – Minimal Landlord Responsibilities – Two (5-Year) Options to Renew
  • 8% Rent Increases Every 5 Years Throughout the Initial Term and Option Periods, Providing a Strong Hedge Against Inflation
  • Best in Class Tenant – Caliber Collision is the Largest Collision Repair Company in the United States with Over 1,100 Locations and Triple the Size of the Nearest Competitor
  • Corporately Guaranteed Lease by CH Holding Corp with an S&P Credit Rating of “B” and a Moody’s Credit Rating of “B2” – Over $2 Billion in Revenue
  • Premier Private Equity Leadership – Hellman & Friedman, a Leading Private Equity Investment Firm with Over $25 Billion in Current Assets is the Majority Owner, Along with OMERS and Leonard Green & Partners Who Combined Have Over $56 Billion in Assets Under Management
  • Intrinsic Value – Large Format Repair Center with a 16,500 Square Feet Building Situated on a Massive 2.12 Acre Parcel Containing 66 Parking Spaces Providing Caliber with the Ability to Effectively Handle High Repair Volume
  • High Traffic Location – More Than 31,000 Vehicles Per Day on Chapman Hwy (US-441)
  • Strong Demographics – Over 30,000 People in a 5-Mile Radius of the Property with Average Household Income Nearing $72,400 in a 3-Mile Radius
  • Strategically Positioned Adjacent to a Kroger Grocery Store That Brings Daily-Needs Consumers to the Immediate Trade Area – More Than 736,000 Visits to the Center Over the Prior Calendar Yea
  • Located in One of Knoxville’s Most Rapidly Growing Submarkets Containing Over 1.9 Million Square Feet of Retail & Restaurant Space and More Than 790,000 Square Feet of Industrial & Office Space within a 5-Mile Radius, Resulting in a High Daytime Population of Over 800 Businesses & 6,000 Employees
  • Within a 5-Mile Radius of Ten Primary, Higher Education & Private Schools That Have More Than 4,400 Enrolled Students, Faculty & Staff
  • Approximately 11 Miles from Downtown Knoxville – The 3rd Largest City in Tennessee with a Population Exceeding 188,000 & MSA Population Exceeding 884,000