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Caliber Collision

453 Lowries Run Rd, Pittsburgh, PA 15237, USA

Price:
$4,403,062
CAP Rate:
Undisclosed
Net Rentable Area:
11,304 SF
Lot Size:
0.85 Acres
Year Built:
1981/2023
Status:
SOLD

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

Property Details

  • Brand new 15 year absolute net lease, zero landlord obligations
  • New 2024 building renovations
  • 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 1,700 locations
  • Stable investment, Caliber's parent company, Wand Newco 3, Inc, recently upgraded to a Moody's rating of B2
  • E-commerce and recession resistant industry, as long as there are cars on the road, there will be a need for body work
  • Conveniently located just 15 minutes north of Downtown Pittsburgh and adjacent to large Target and Sam's Club anchored shopping center
  • Will primarily serve the northern suburbs of McCandless and Ross Township, with strong demos, dense population, high incomes, and consistent growth

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DIRECT:

818.907.9525

OFFICE:

818.212.2730

Email:

info@nnndeal.com

Corporate Office:

16830 Ventura Blvd. Suite 100, Encino, CA 91436

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