Single Tenant Net Lease Investment Opportunity | Caliber Collision
2590 Lawrenceville Hwy
Lawrenceville, GA 30044
Highlights
- Tenant initiated expansion and lease extension to 10-year NN lease with four 5-year renewal options
- Prime location on Lawrenceville Hwy with traffic counts of over 27K
- Five mile population exceeds 247,000
- Highly rated local overall customer rating of 4.4 stars
- Corporate guaranteed by Caliber Collision with over 1,800 auto service locations nationwide
Description
Caliber Collision approached the Landlord to expand its footprint and enter a 10-year lease extension! They have operated at this location in Lawrenceville, GA (Atlanta MSA) since 2014! Traffic counts exceed 27,000 VPD with a population within a 5-mile radius over 247,000 and an average household income of $102,871.
This offering includes two buildings to be fully occupied by Caliber Collision, totaling approximately 15,250 SF, on approximately 1.5 acres. Caliber Collision, the largest collision repair service in the US, is an outstanding national credit tenant with over 1,800 locations nationwide. The new 10-year NN lease has four 5-year renewal options with rent increases of 5% in Year 6 of the extended term and 2% annually during the renewal periods.
Landlord responsibilities are limited to the roof, structure and parking lot. The Tenant is responsible for reimbursement of all taxes and insurance as well as other maintenance, utilities and grounds care. All tenant improvement expansion expenses are the responsibility of Tenant.
The lease is corporate guaranteed by Caliber Collision, founded in 1997 provides a full range of automotive services ranging from mechanical repair and oil changes, to glass repair and replacement, and to automotive collision.
Lawrenceville, GA
