•	The tenant, Caliber Collision, has 10+ years remaining on their lease with 2 (5-year) options to extend, demonstrating their commitment to the site
•	The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option to extend, increasing the NOI and providing a hedge against inflation
•	Founded in 1997, the Caliber portfolio of brands has grown to more than 1,800 centers nationwide and features a full range of complementary automotive services, including Caliber Collision, the nation’s largest auto collision repair provider across 41 states, Caliber Auto Glass for glass repair and replacement and Caliber Auto Care for mechanical repair and quick oil change services
•	Tenant pays for CAM, taxes, insurance and maintains most aspects of the premises
•	Tenant maintains all aspects of the property, and the Landlord is solely responsible for the replacement of in-ground plumbing, structure, roof, parking lot and HVAC (subj. to T reimbursement)
•	Ideal, management-free investment for an out-of-state, passive investor

Offering Memorandum

•	Caliber Collision is strategically fronting Boulevard averaging 28,000 VPD
•	Just North of Colonial Square Shopping Center, a Publix anchored shopping center
•	Off Interstate 95 (111,000 VPD), allowing users to benefit from direct on/off ramp access to the site
•	The building was renovated in 2019 to retrofit an adequate design for Caliber Collision
•	The asset has excellent visibility and multiple points of ingress/egress
•	More than 93,000 residents and 33,000 employees support the trade area
•	$83,979  average household income
•	20 miles to Richmond, VA

Colonial Heights, VA - Caliber Collision

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<p>Lana Caravello joined SRS&#39; Washington D.C. office in 2020 as a transaction coordinator. Lana has more than 15 years experience in real estate, property and transactional management, customer acquisition, IT, and marketing. Most recently with Calkain, Lana provided transactional support for a team of top producing investment sales brokers and agents. She worked directly with senior producers and assisted with transactional management working to move acquisition and disposition transactions through to closing. </p><p>Lana is a graduate of the University of Central Florida.</p>

Off Market

Colonial Heights, VA - Caliber Collision

Description

Location

Demographics

Traffic Counts

Contact

Philip Wellde

Andrew Fallon

Traffic Counts
Boulevard/U.S. Highway 1 & 301	28,000 VPD
Interstate 95	111,000 VPD