Caliber Collision Luxury

5605 Westpark Dr, Charlotte, NC

$2,040,000

Price

5%

Cap Rate

$102,000

NOI

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Map
Overview
Cap Rate
5%
NOI
$102,000
Building Size
17,375 sqft
Lot Area
1.35 acres
Year Built
1984
Description

N/A

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Highlights
  • Double Net Lease Structure - Requires Minimal Landlord Responsibilities.
  • Caliber "Luxury" Site - Certified in repairs for Aston Martin, Audi, Bentley, Jaguar, Land Rover and Volkswagen.
  • Tenant Exercised 5-Year Renewal in 2019 Representing Strong Commitment to Site - Recent Improvements to Both Roofs at Tenant's Expense.
  • Largest Collision Repair Operator in America with 600+ Locations.
  • Below Market Rent - $5.87 per sqft.
  • 20 Bays Combined Between Both Buildings.
  • Brand New Heating Unit Replaced in Paint/Body Shop.
  • One, Five-Year Option Period Remaining with Rental Escalations.
  • Two Buildings (8,880 & 8,475) Totaling 17,375 Square Feet Situated on 1.35 Acres of Land.
  • High Traffic Counts on Tyvola Road - 52,000 VPD+/- | Immediate access to I-77 which provides 160,000 VPD+/-.
  • Strong Population within a 5-Mile Radius: 193,400 people - 9.19% population growth rate by 2024.
  • Average Household Income within a 3-Mile Radius: $80,000.
  • National Tenant's Surrounding Investment Property: Costco, McDonald's, Circle K, Hilton, Wells Fargo, Bentley, Aston Martin, and more.
Location
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