1399 W Wisconsin Ave, Oconomowoc, WI, 53066
Caliber Collision
Key Information
Highlights
• Highly Visible Wisconsin Avenue Location | 28,800+ VPD – Strategically positioned along W Wisconsin Avenue, Oconomowoc primary commercial corridor, the property benefits from excellent visibility and exposure to traffic counts exceeding 28,800 vehicles per day.
• 11,600 SF Across Two Buildings – The offering consists of approximately 11,600 square feet across two buildings, providing a functional layout well suited for automotive and collision repair operations.
• Large 1.56-Acre Site – Situated on approximately 1.56 acres, the property provides substantial land area for vehicle circulation, outdoor storage, customer parking, and collision repair operations.
• Strong Building-to-Land Ratio – The property’s 1.56-acre parcel relative to its 11,600 SF of improvements provides ample exterior area; an important operational characteristic for collision repair facilities given their significant vehicle parking and storage requirements.
• Strategic Milwaukee Metro Proximity – Located approximately 34 miles west of Downtown Milwaukee, Oconomowoc benefits from convenient access to the greater Milwaukee metropolitan area via the I-94 corridor.
• Functional Automotive Real Estate – The combination of multiple buildings, substantial acreage, strong frontage, and existing automotive improvements provides a specialized yet highly functional property configuration for Caliber’s operations and future automotive users.
• Nationally Recognized Tenant – The property is leased to Caliber Collision, one of the largest collision repair operators in the United States with over 1,800 locations nationwide, providing investors with exposure to an established national tenant within the needs-based automotive services industry.
• Below-Market Rent Provides Embedded Lease Security – Caliber currently pays approximately $11.92/SF, meaningfully below the approximately $17.00/SF market rent reported by CoStar. This favorable rent basis helps support tenant retention while providing potential long-term upside upon renewal or future re-leasing.
• 2% Annual Rental Increases – The lease features 2% annual rent increases, providing consistent NOI growth throughout the remaining lease term and helping offset the effects of inflation.
• Passive NN+ Lease Structure – The property is leased to Caliber Collision under a NN+ lease structure, providing investors with a passive ownership opportunity and limited ongoing landlord obligations.
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