Caliber Collision

• The property is 100% occupied by Caliber Collision and has operated as a collision repair facility at this location for several years, providing an established operating history at the site.
• The property ranks in the top 73rd percentile of Caliber Collision locations throughout New Mexico, demonstrating strong performance relative to the tenant’s statewide footprint.
• Caliber Bodyworks of New Mexico, Inc. operates the property under a corporate lease backed by a guaranty from Wand Newco 3, Inc., providing investors with additional credit support.
• Caliber maintains one, five-year option to extend beyond the current June 30, 2029 expiration, providing the potential for continued occupancy by the existing tenant.
• The property’s contractual rental rate provides investors with potential upside through a future lease extension and rental reset, while the existing 2% annual increases continue to grow NOI throughout the remaining primary term.
• The property is purpose-built for collision repair operations, an automotive service use driven by vehicle ownership, insurance claims and ongoing repair demand.
• Strategically positioned at 915 1st Street NW within Albuquerque’s Downtown submarket, providing Caliber with a central location serving a substantial surrounding customer base. Public property records identify the asset as a ±9,984-square-foot automotive repair facility on approximately 0.65 acres.
• The property benefits from an established infill trade area with approximately 248,425 residents within five miles, providing a significant customer base surrounding the location.
• Average household income of approximately $76,523 within five miles supports consumer spending and automotive service demand throughout the surrounding trade area.
• The location benefits from exposure to nearly 25,000 vehicles per day, enhancing visibility and convenient access for customers throughout central Albuquerque.