Caliber Collision

2200 Bypass Road, Elkhart, IN 46514

Price: Undisclosed
CAP Rate: N/A
Net Rentable Area: 17,000 SF
Lot Size: 2.33 Acres
Year Built: Renovated 2021
Status: SOLD

Download the Offering Memorandum for details about the tenant, lease, financials, and more.

Property Details

  • Newly renovated site. Scheduled for April 2021 delivery
  •  New corporate guaranteed 15 year NNN lease
  • No landlord obligations
  • Minimal competition in the immediate area with the nearest Caliber located 8.6 miles from the subject Site
  • A close suburb of South Bend, Indiana
  • Offering strong visibility due to highly trafficked nature of both Nappanee Road and Bypass Road
Disclaimer:

The representation contained on this internet page has been secured from sources deemed to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. The information has not been independently verified. Principals are advised to conduct a thorough due diligence review for any potential transaction. Marcus & Millichap Real Estate Investment Services name and logo are used herein for informational purposes only as well as to identify brokerage affiliation.

EXCLUSIVE LISTINGS

Hometown Urgent Care (WellNow)

  • LONG TERM PASSIVE INVESTMENT
    10-year net lease, ideal hands-off investors looking for long-term, stable cash flow

  • RENTAL ESCALATIONS
    Scheduled 8% rent bumps every five years during the base term and option periods provide built-in income growth

  • STRONG STABLE HEALTHCARE TENANT
    Hometown Urgent Care & Occupational Health is Ohio’s largest urgent care company with 32 locations across the state

  • SIGNALIZED CORNER LOCATION
    Positioned at a high-visibility, signalized intersection on East Waterloo Rd, with over 24,700 vehicles passing the site daily

  • WELL-LOCATED OUTPARCEL TO GIANT EAGLE
    Direct outparcel to Giant Eagle, a dominant regional grocer and shadow-anchored by South Plaza Shopping Center

  • ON MAIN THOROUGHFARE, RIGHT OFF BUSY INTERSTATE
    Less than half a mile from the I-77/I-277 interchange, providing easy accessibility for patients and employees

  • SURROUNDED BY DENSE RESIDENTIAL
    Strong consumer base in the immediate trade area is bolstered by being located at the entrance to Firestone Park, a historic Akron neighborhood with nearly 14,000 residents, and proximity to The University of Akron

Akron, OH

Price: 

$2,452,000

CAP: 

6.15%

NOI: 

$150,758

Caliber Collision

  • LONG TERM NNN LEASE
    Brand new 15 year lease commenced in September 2023, with two 5-year renewal options
  • NEWLY RENOVATED BUILDING
    Subject site received new 2023 renovations specifically suited for Caliber Collision
  • REGULAR 10% RENT INCREASES
    Built-in increases every 5 years help to hedge against inflation
  • STRONG CORPORATE GUARANTY
    Caliber Collision is the #1 collision repair company in the U.S., now with over 1,800 locations nationwide
  • WELL POSITIONED REAL ESTATE
    Proximity to Lynchburg Regional Airport, the area’s busiest travel hub, and Liberty University, with over 140,000 enrolled students

Lynchburg, VA

Price: 

$2,536,128

CAP: 

6.25%

NOI: 

$158,508

McDonald’s

  • BRAND NEW 20 YEAR NNN GROUND LEASE
    Passive long term lease with zero landlord obligations
  • BRAND NEW 2025 CONSTRUCTION
    New built-to-suit McDonald’s prototype with double drive-thru
  • INVESTMENT GRADE TENANT
    McDonald’s (S&P Rated BBB+) is the world’s largest fast food chain, with over 43,400 locations in 120 countries
  • TAX-FREE STATE
    Texas is an income tax-free, landlord friendly state, ideal for passive investors
  • POPULATION GROWTH
    The Blue Mound neighborhood of Fort Worth has experienced exponential growth of over 57% since 2010, with the population expected to increase by another 23.56% by 2028
  • STRONG DEMOGRAPHICS
    As part of the Dallas-Fort Worth Metroplex, the subject site is supported by a 5-mile population of over 256,000 residents earning an average of over $108,000 and is directly across the street from Saginaw High School with almost 2,000 students

Fort Worth, TX

Price: 

$3,600,000

CAP: 

3.75%

NOI: 

$135,000

Caliber Collision

  • Absolute NNN Lease, zero landlord responsibilities
  • Brand New 2025 Construction
  • Regular 10% Rent Increases every 5 years hedge against inflation
  • Strong Corporate Guaranty from the largest auto body repair company in the U.S. backed by over 1,800 locations
  • E-commerce and Recession Resistant Industry, as long as there are cars on the road, there will be a need for body work
  • Well located in Delaware’s capital city, the subject site is adjacent to the Dover Air Force Base, home to the busiest and largest air freight terminal in the Department of Defense

Dover, DE

Price: 

$5,985,100

CAP: 

6.25%

NOI: 

$374,068

Caliber Collision

  • Absolute NNN Lease, zero landlord responsibilities
  • Brand New 2025 Construction
  • Regular 10% Rent Increases every 5 years hedge against inflation
  • Strong Corporate Guaranty from the largest auto body repair company in the U.S. backed by over 1,800 locations
  • E-commerce and Recession Resistant Industry, as long as there are cars on the road, there will be a need for body work
  • Highly Affluent Pittsburgh Neighborhood, Average Household Income is well above national average at $120,000

Murrysville (Pittsburgh), PA

Price: 

$5,582,800

CAP: 

6.25%

NOI: 

$348,925

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