Caliber Collision | Under Construction | February 2020
$5,538,000
1100 Greythorne Drive, Mount Pleasant, SC 29466
5.85
Cap Rate
324,000
NOI
Details:
Highlights:
- Under Construction Caliber Collision | 15 Year Term | Absolute Triple Net (NNN) Lease | (2) - Five Year Options | 10% Bumps Every Five Years
- Located Among Carolina Park Development | Mount Pleasant Premier Master Planned Community
- Mount Pleasant is the Fourth Largest Municipality and Largest Town in South Carolina | Extremely High Barrier to Entry Market
- Strategically Located on Hwy 17 | 37,300+ ADT | Approximately 245 Feet if Frontage on Hwy 17
- Located Among a Large Volume of Retailers | Within Driving Distance Are: Walmart Supercenter, Publix, TJ Maxx, Marshall's, Costco, Lowe's, Kohl's, Chick-Fil-A, Starbucks, McDonald's and Many Others
- Very Strong Demographics | 5 Mile Population: 56,000+ | 5 Mile AHHI: $130,000
- Majority Interest in Caliber Collision Recently Acquired by Hellman & Friedman | Private Equity Firm with More than $25 Billion of Total Assets Under Management
- H&F Acquisition Merged Caliber Collision with ABRA Creating an Industry Leading Auto Repair Company | More than 1,100 Locations in 37 States
Description:
Located in the center of three expanding housing developments, this investment opportunity finds itself in the heart of Mount Pleasant, SC, the fourth largest municipality and largest town in the state of South Carolina.
The subject property is located among the Carolina Park Development, which consists of over 1,700 acres of brand new recreational, residential, retail, educational and many other facilities within a unique park-like setting.
The Caliber Collision building is strategically located on Highway 17, a highly trafficked retail corridor with more than 37,000 vehicles per day traveling in front of the site.
The area consists of a large variety of retailers including: Walmart, Publix, TJ Maxx, Marshall’s, Costco, Lowe’s, Kohl's, Chick-Fil-A, Starbucks, McDonalds and many others. The location also benefits from strong area demographics with approximately 56,000+ residents living within a five mile radius and a five mile Average Household Income exceeding $130,000.
Majority interest in Caliber Collision was recently acquired by Hellman & Friedman (HF), a private equity firm with more than $25 billion in total assets under management. HF merged Caliber Collision with ABRA (Auto Body Repair of America), creating an industry leading auto repair company. Caliber Collision has grown to more than 1,100+ locations throughout 37 states and has more locations than all of its closest competitors, making this a unique investment opportunity in a high barrier to entry market.
Documents:
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Caliber_Collision_-_1100_Greythorne_Drive._Mount_Pleasant__SC.pdf
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