Houston TX – Caliber Collision

Description:

Long-Term Absolute NNN Lease
Approximately 6 years remaining with no landlord maintenance or expense responsibilities

Rental Increases
The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option, increasing the NOI and providing a hedge against inflation

Strong Tenancy
Caliber Collision is the largest collision repair company in America, with over 1,800 locations in 41 states

Densely Populated and Affluent Trade Area
More than 443,000 residents and 181,000 employees within 5 miles with an average household income over $84,000, projected to increase to ~$93,000 by 2030

High Traffic / Excellent Visibility
Located just west of the on-ramp to Southwest Freeway (235,599 VPD) and ½ mile south of Sam Houston Tollway (158,755 VPD)

Strong Automotive Sector Synergy
This location is surrounded by several car dealerships (Ford, BMW, Toyota, Nissan, Lexus, Mazda, Honda, Hyundai, Infiniti, Subaru, Fiat, Lincoln, etc) providing a steady customer base keeping collision repair top-of-mind

Strategic Location
2 miles north of Fountains on the Lake, a 616,887 SF retail center anchored by AMC Theatre, Main Event, Old Navy, Ross, Guitar Center and Hobby Lobby
Surrounded by numerous major national retailers, such as Walmart, Sam’s Club, Costco, ALDI, McDonald’s, Wendy’s, In-N-Out, Taco Bell and more
16 miles southwest of downtown Houston, the 4th most populous city in the US with an estimated population of 2.4 million as of 2024

Robust Local Economy in Southwest Houston Market
Caliber Collision is strategically positioned in a strong economic area with a dense and growing population, close to major freeways providing ease of access for customers and employees

Bonus Depreciation
Potential for significant tax savings via Accelerated Depreciation and Cost Segretation – check with your tax advisor to confirm eligibility

Tax Free State
Texas is an income tax free state