Caliber Collision

Corporate Guarantee – The lease is secured by a corporate guaranty from Wand Newco 3, Inc., strengthening credit quality and minimizing investor risk.
Strong College Town Fundamentals – Located less than four miles from Texas Tech University, which enrolls approximately ±42,455 undergraduate students, the property benefits from steady demand and a stable economic base.
Growing Demographics – The surrounding five-mile radius population of 241,827 is projected to grow by 4% over the next five years, supporting long-term market expansion
Built-In Rent Growth – The lease features 2% annual rent escalations, providing consistent income growth and a hedge against inflation.
Below-Market Rent Opportunity – The current rental rate of $5.16/SF is well below the tenant’s national average of $16.61/SF, presenting meaningful upside and strong potential for future rent increases.
Long-Term Lease Structure – The tenant has executed a 10-year lease with approximately eight years remaining, along with two additional five-year renewal options, ensuring long-term income stability.
Strategic High-Traffic Location – Situated at the intersection of 50th Street and Utica Avenue, the property offers excellent visibility and exposure to approximately ±28,400 vehicles per day.

Navigation Menu