Caliber Collision

• Credit Tenant — Corporate Guarantee – Caliber Collision is the largest collision repair chain in the United States, operating more than 1,700 locations and generating approximately $7 billion in annual revenue. The lease is backed by a corporate guarantee, eliminating personal guarantor risk.
• Contractual 2% Annual Rent Increases – Base rent increases by 2% annually throughout the initial lease term and both renewal option periods, growing from $240,000 per year in Year 1 to $286,822 per year by the scheduled lease expiration in 2033.
• Long-Term Lease with Extension Potential – The lease extends through February 2033 and includes two additional five-year renewal options, allowing for potential occupancy through 2043. If all options are exercised, annual net operating income (NOI) could increase to approximately $349,635 per year.
• Minimal Landlord Responsibilities (NN Lease) – The double-net (NN) lease structure limits the landlord’s responsibilities primarily to the roof, HVAC systems, and structural components, creating a relatively passive ownership profile with limited management obligations.
• Strong Minneapolis MSA Location – The property is located in Brooklyn Park within the Minneapolis–St. Paul metropolitan statistical area (MSA). The five-mile trade area includes approximately 101,826 residents, projected to grow to roughly 110,786 residents within five years, with an average household income of $86,799.
• Low Per-Square-Foot Rent Basis (Attractive Lease Pricing) – At just $10.55 per square foot, the property’s rent basis is well below market for comparable net lease assets, providing a strong value proposition for investors and meaningful downside protection against re-leasing risk.