Sun Auto

Highlights:

• 8+ years remaining on absolute net lease featuring 10% rental increases every 5 years providing investors a hedge against inflation
• Full-term corporate guaranty from CH Hold Corp. (Caliber Collision) – the largest collision repair provider in the U.S. with 1,800+ locations across 41 states
• Internet & recession resistant industry – consumers defer new vehicle purchases during economic downturns and instead spend on maintenance/repairs to keep existing cars on the road longer
• Affluent Houston submarket – $134,000 average household incomes within a 5-mile radius of the subject property
• Dense residential trade area – 128,000 residents within a 5-mile radius of the subject property
• Surrounding residents own an average of 2 cars per household, with residents within a 5-mile radius spending roughly $48M on auto repair annually (per CoStar)
• Situated along Northpark Drive – the main East/West thoroughfare in the trade area that features direct access to I-69/US 59 (99,000 VPD)
• Other national retailers driving traffic to the direct trade area include Kroger, Walmart, H-E-B, Chick-fil-A, and McDonald’s

Description:

Over 8 years remain on this corporate lease featuring 10% rental increases every 5 years and an absolute net lease structure requiring zero landlord expense or maintenance obligations. The lease is guaranteed by CH Hold Corp. – one of the main operating entities for Caliber Collision, the largest collision repair provider in the country – and lasts through the full term of the lease, including all options/extensions.

Situated along Northpark Drive, the subject property offers high-profile standalone visibility on one of Kingwood’s most heavily traveled commercial corridors (32,500 VPD), with direct access to I-69/US 59 (99,000 VPD).

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