Longwood, FL - Crash Champions

Description:

• The tenant has 4.5 years remaining on their lease with 1 (5-year) option to extend
• The lease features 3% annual rental increases throughout the initial term and at the beginning of each option to extend, generating NOI and hedging against inflation
• Crash Champions is a leading independent collision repair company operating 570 state-of-the-art centers across 35 states and Washington, D.C
• The tenant is currently paying $8.66/SF in rent, while market rent for the area ranges from $12-$14/sf, creating an easily replaceable income stream along with potential upside

• The asset is located of N Ronald Reagan Blvd averaging 27,000 VPD
• Less than 3 miles from I-4 (162,500 VPD), allowing users to benefit from the ease of direct on/off ramp access
• 3 years ago, Crash Champions set out to compete directly with Caliber, Gerber and Service King. It found an aggressive financial partner in Alvarez & Marsal Capital, and on July 15, 2023 they completed the mergers, which will boost annual sales upwards of $2B (click HERE for full article)