Caliber Collision
14,600 SF | Retail Building | Pace, FL 32571 | $6,372,000 ($436/SF) | 5.85% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $6,372,000
- Property Type
-
Retail
- Square Feet
- 14,600 SF
- Price / Square Foot
- $436
Listing Contacts
Michael Yuras
Verified Profile
Scott Crowle
Verified Profile
Vincent Aicale
Verified Profile
Ryan Forsyth
Verified Profile
- Property Info
Property Overview
Located just off of US-90, this Caliber Collision location is ideally situated along the largest retail and motor traffic artery in Pace. The site has direct access to over 33,000 vehicles daily and nearby access to the 22,000 vehicles that travel along Avalon Boulevard each day. Surrounded by other top-tier national tenants such as Walmart, Lowe’s, Home Depot, Target, Publix and many others provide this Caliber Collision location with greatly increased visibility.
Positioned in between both Naval Air Station Pensacola and Eglin Air Force Base, this site gains access to over 23,000 military personnel from the naval Air station and an additional 20,000 servicemen from Eglin Air Force Base. The property benefits immensely from a densely populated and affluent local population, with the average household income exceeding $100,000 for the nearly 70,000 people who live within a five-mile radius of the site.
Many community hubs and high-traffic centers surround Caliber such as University of West Florida (14,343 students), Pace High School (2,240 students), Pace Crossroads Shopping Center, The Alamo retired Naval Base, and many others. Downtown Milton, FL is situated only four miles from the Caliber Collision site and provides the property with access to more than 10,000 additional residents.
Positioned in between both Naval Air Station Pensacola and Eglin Air Force Base, this site gains access to over 23,000 military personnel from the naval Air station and an additional 20,000 servicemen from Eglin Air Force Base. The property benefits immensely from a densely populated and affluent local population, with the average household income exceeding $100,000 for the nearly 70,000 people who live within a five-mile radius of the site.
Many community hubs and high-traffic centers surround Caliber such as University of West Florida (14,343 students), Pace High School (2,240 students), Pace Crossroads Shopping Center, The Alamo retired Naval Base, and many others. Downtown Milton, FL is situated only four miles from the Caliber Collision site and provides the property with access to more than 10,000 additional residents.
Property Details
- Class
- B
- Year Built
- 2024
- Stories
- 1
- Property Subtype
- Vehicle Related
- Lot Size (sq. ft)
- 94,525 SF
Highlights
- New 15-year Abs NNN lease to Caliber Collision, the largest collision repair company in the U.S.
- Caliber Collision has nearly tripled its number of units over the last five years, from 600 in 2018 to over 1,700 and growing as of May 2023
- 10% rental increases every five (5) years in initial term, offering projected growth over a long-term investment
- Caliber Collision was recognized as the only company of its kind to make the Forbes 2021 list of “America’s Best Large Employers”
- Caliber Collision’s rental increase structure during the initial term provides a strong attraction for net lease investors
- Owned by OMERS Private Equity, which is AAA rated by Standard & Poor’s
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