Caliber Collision, Knoxville, Tennessee

Investment Highlights

• 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 45,000 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