New 10 Year Lease Extension – Stable Cash Flow Asset – Minimal Landlord Responsibilities – Four (5-Year) Options to Renew
8% Rent Increase in Year 6 of the Initial Term and in Each of the 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 37,672 Square Feet Building Situated on a Massive 4.74 Acre Parcel Containing 66 Standard Parking Spaces & an Additional 104 Spaces for Storage, Providing Caliber with the Ability to Effectively Handle High Repair Volume
High Traffic Location – Nearly 34,000 Vehicles Per Day on Kingston Pike, Over 43,000 Vehicles Per Day on Lovell Rd (TN-131) & More Than 314,000 on Nearby Interstate-40
Densely Populated, Infill Location with Excellent Demographics – Over 113,500 People in a 5-Mile Radius of the Property with Average Household Income Nearing $121,000 in a 3-Mile Radius
Located in One of Knoxville’s Most Rapidly Growing Submarkets Containing Over 13.9 Million Square Feet of Retail & Restaurant Space within a 5-Mile Radius of the Property
More Than 15.5 Million Square Feet of Industrial & Office Space within a 5-Mile Radius of the Property, Resulting in a High Daytime Population of Over 6,800 Businesses & 73,500 Employees
Strategically Positioned Adjacent to a Costco Wholesale Warehouse That Brings Daily-Needs Consumers to the Immediate Trade Area – More Than 2.38 Million Visits to the Center Over the Prior Calendar Year
Located Less Than 1-Mile from the 107 Bed Tennova Healthcare Turkey Creek Medical Center, Which Had More Than $1.08 Billion in Total Patient Revenue in 2021 & Employs More Than 500 Healthcare Professionals
Approximately 1-Mile from the 650,000+ Square Foot, Target Anchored Pavilion of Turkey Creek Shopping Center That Has Seen More Than 7 Million Visits Over the Prior Calendar Yea
Within a 5-Mile Radius of Twenty-One Primary, Higher Education & Private Schools That Have More Than 29,200 Enrolled Students, Faculty & Staff
Tremendous Multi-Family Density with Over 10,800 Apartment Units in a 5-Mile Radius of the Property
Approximately 14 Miles from Downtown Knoxville – The 3rd Largest City in Tennessee with a Population Exceeding 188,000 & MSA Population Exceeding 884,000