Skip to main content

Caliber Collision

922 Versailles Rd, Frankfort, KY 40601, USA

Price:
$1,871,500
CAP Rate:
Undisclosed
Net Rentable Area:
13,500 SF
Lot Size:
1.65 Acres
Year Built:
Renovated 2020
Status:
SOLD

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

Property Details

  • ABSOLUTE TRIPLE NET (NNN) LEASE The tenant pays for all operating costs, including taxes, insurance, maintenance, and is responsible for roof and structure

  • LONG TERM STABLE INVESTMENT The new 15 year lease commenced in 2020, with 11+ years remaining on the base term

  • REGULAR RENT INCREASES 10% increases every 5 years, next increase takes effect in August 2025

  • STRONG CORPORATE GUARANTY Caliber Collision is the largest auto body repair company in the U.S. with over 1,700 locations

  • STRATEGICALLY LOCATED RETAIL CORRIDOR The subject site is right off I-64 in a busy retail area, adjacent to the region's large car dealerships, with nearly 25,000 vehicles passing by daily

  • CAPITAL CITY / KENTUCKY STATE UNIVERSITY In between Louisville and Lexington, Frankfort is Kentucky's state capital, and is home to Kentucky State University Frankfort, which is just 2 miles from the subject site

RECENT LISTINGS

GET IN TOUCH WITH US

DIRECT:

818.907.9525

OFFICE:

818.212.2730

Email:

Corporate Office:

16830 Ventura Blvd. Suite 100, Encino, CA 91436

© 2023 Lior Regenstreif, NNN Deal, Inc., and Marcus & Millichap, All Rights Reserved.  |  Privacy Policy  |  Disclaimer