Caliber Collision

Investment Highlights

• Caliber Collision Corporate Lease — The property is 100% leased to Caliber Bodyworks of New Mexico, Inc., providing investors with an established national collision repair operator occupying the entire facility.
• Strong Lease Guaranty — Tenant obligations are backed by Wand Newco 3, Inc., providing additional credit support throughout the lease term and extension period.
• Attractive Below-Market Rent — Current annualized rent of approximately $144,734, or just $9.94/SF, provides Caliber with an attractive occupancy cost while creating potential long-term upside for ownership through a future lease extension and rent reset.
• 2% Annual Rental Increases — Contractual 2% annual rent increases provide consistent NOI growth throughout the remaining primary term and continue through the extension period.
• Five-Year Extension Option — Caliber maintains one, five-year option to extend, providing the potential for continued occupancy beyond the current June 2029 lease expiration.
• NN+ Lease Structure — Caliber is responsible for property taxes, insurance and the majority of property maintenance and operating expenses, limiting the landlord’s day-to-day responsibilities. Landlord’s primary exposure is roof, structure, foundation, in-ground plumbing and replacement of HVAC and parking lot when necessary.
• Established Automotive Repair Facility — The lease encompasses the entire property and a ±14,565-square-foot building, providing Caliber with a sizable facility specifically utilized for automotive and collision repair operations.

Property & Location Highlights

• Dense Albuquerque Trade Area — The property benefits from a substantial surrounding customer base, with approximately 167,084 residents within a five-mile radius, supporting long-term demand for automotive repair and collision services.
• Strong Surrounding Household Income — Average household income of approximately $83,896 within five miles demonstrates solid purchasing power throughout the property’s surrounding trade area.
• Prominent Route 66 Exposure — The property benefits from proximity and exposure to historic Route 66, with approximately 23,000 vehicles per day, providing strong daily visibility and convenient accessibility for customers.
•  Strategic Albuquerque Location — Located at 221 Dorado Place SE, the property offers an established location within Albuquerque and convenient access to a sizable residential and
employment base.
•  Large ±14,565 SF Facility — The property’s substantial building footprint provides the space necessary to accommodate collision repair operations, equipment, vehicle storage and
customer service functions. The lease identifies the premises as the entire property, giving Caliber 100% of the site.
•  Automotive-Oriented Real Estate — The property is configured for automotive repair use, with the lease expressly permitting body repair, mechanical repair, paint operations, car rental and towing, creating a broad range of automotive-related uses for the real estate.