Caliber Collision | Madison WI
17,443 SF | Retail Building | Madison, WI 53714 | $4,480,785 ($257/SF) | 6.50% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $4,480,785
- Sale Condition
- 1031 Exchange
- Property Type
-
Retail
- Square Feet
- 17,443 SF
- Price / Square Foot
- $257
Listing Contacts
Lior Regenstreif
Verified Profile
- Property Info
Property Overview
This opportunity provides a qualified buyer with a long term and stable passive investment, featuring two 5-year renewal options and 10% rent bumps every 5-years, to hedge against inflation. Caliber Collision's lease commenced Jan 22nd 2024, and offers 15 years on an absolute net lease, with zero landlord responsibilities.
Madison is the state’s capital city and comprises more than 60 percent of the metro’s population, with 281,000 citizens. The largest public university in the state is also located in Madison, providing local employers with a stream of young and educated personnel. Metrowide, the population is expected to grow by 37,000 people in the next five years.
Madison is the state’s capital city and comprises more than 60 percent of the metro’s population, with 281,000 citizens. The largest public university in the state is also located in Madison, providing local employers with a stream of young and educated personnel. Metrowide, the population is expected to grow by 37,000 people in the next five years.
Property Details
- Class
- C
- Year Built/Renovated
- 1971/2023
- Stories
- 1
- Property Subtype
- Vehicle Related, Freestanding, Service
- Lot Size (sq. ft)
- 43,996 SF
Highlights
- Brand new 15 year absolute net lease, zero landlord obligations and features 10% increases every 5 years
- Strong corporate guaranty from the largest auto body repair company in the U.S. backed by over 1700 locations
- E-commerce and recession resistant industry, as long as there are cars on the road, there will be a need for body work
- Well located just 15 minutes from Downtown Madison, within a busy industrial trade area
- Strong demographics, with 155k+ residents with an average income of over $80k within a 5 mile radius
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