• Long-Term NN Lease to Caliber Collision: 10-year lease commenced January 2024 with approximately 7.7 years remaining and expiration in January 2034.
• Strong Corporate Guarantee: Lease guaranteed by WAND NEWCO 3, INC., Caliber’s strongest guarantor entity.
• Annual Rent Growth: Attractive 2% annual rent increases provide built-in NOI growth and inflation protection.
• Industry-Leading Tenant: Caliber is the nation’s largest collision repair operator with more than 1,800 locations nationwide.
• Recession & Internet Resistant Use: Collision repair is a necessity-based, insurance-driven business insulated from e-commerce disruption.
• Insurance-Driven Customer Base: Preferred relationships with major insurance carriers provide recurring customer demand and stable revenue flow.
• Strategic Long-Term Commitment: Caliber acquired and rebranded the former Carstar Tanner location while executing a new long-term lease.
• High-Visibility US-160 Location: Positioned along a major state highway with approximately 14,000 vehicles per day.
• Large Functional Facility: ±11,150 SF collision repair facility situated on approximately 2.92 acres.
• Strong Demographics: Approximately 151,205 residents within a 10-mile radius support long-term service demand.