Brand New Caliber Collision | Waterbury CT | 1200 Wolcott St
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Brand New Caliber Collision | Waterbury CT 1200 Wolcott St
12,500 SF Retail Building Waterbury, CT 06705 £4,079,707 (£326/SF) 6.15% Net Initial Yield
Investment Highlights
- Absolute NNN Lease, zero landlord responsibilities
- Regular 10% rent increases every 5 years hedge against inflation
- E-commerce and recession resistant industry, as long as there are cars on the road, there will be a need for body work
- Brand new 2024 construction
- Strong corporate guaranty from the largest auto body repair company in the U.S. backed by over 1,800 locations
- Rare Connecticut investment opportunity, part of the densely populated New Haven-Hartford-Waterbury MSA, 155k people living w/in 5 miles of the site
Executive Summary
This passive investment opportunity offers a qualified buyer the chance to purchase a brand new built-to-suit Caliber Collision in Waterbury, CT. The new 15-year, absolute triple net (NNN) lease is set to commence in December 2024.
CALIBER COLLISION
Founded in 1997, Caliber Collision is now the nation’s leading auto collision repair provider. Headquartered in Lewisville, TX, the Company operates over 1,800+ locations across 41 states. The Company’s commitment to the highest quality service, accurate estimates, and on-time delivery has allowed them to become the most trusted name in the industry. Caliber offers repair services from dent removal, collision repair, glass replacement, auto body rust repair & much more, providing more repairs and referred to by more insurance agents than any other collision repair provider in the country. Caliber Collision continues to expand its presence in the industry significantly, becoming the market leader through aggressive acquisition activity and improving its customer service, aiming to provide faster, more reliable maintenance for a fair price.
WATERBURY, CT
Waterbury is a strategic location within New Haven County, providing easy access to major highways like I-84 and Route 8, making it ideal for logistics, retail, and service industries. Located in a community experiencing continued growth and revitalization, Waterbury offers a robust economic base with a mix of healthcare, education, and manufacturing industries driving demand.
CALIBER COLLISION
Founded in 1997, Caliber Collision is now the nation’s leading auto collision repair provider. Headquartered in Lewisville, TX, the Company operates over 1,800+ locations across 41 states. The Company’s commitment to the highest quality service, accurate estimates, and on-time delivery has allowed them to become the most trusted name in the industry. Caliber offers repair services from dent removal, collision repair, glass replacement, auto body rust repair & much more, providing more repairs and referred to by more insurance agents than any other collision repair provider in the country. Caliber Collision continues to expand its presence in the industry significantly, becoming the market leader through aggressive acquisition activity and improving its customer service, aiming to provide faster, more reliable maintenance for a fair price.
WATERBURY, CT
Waterbury is a strategic location within New Haven County, providing easy access to major highways like I-84 and Route 8, making it ideal for logistics, retail, and service industries. Located in a community experiencing continued growth and revitalization, Waterbury offers a robust economic base with a mix of healthcare, education, and manufacturing industries driving demand.
Property Facts
Sale Type
Investment NNN
Sale Condition
Design & Build
Property Type
Retail
Property Subtype
Building Size
12,500 SF
Year Built
2024
Construction Status
Under Construction
Price
£4,079,707
Price Per SF
£326
Net Initial Yield
6.15%
NOI
£250,902
Tenancy
Single
Number of Floors
1
Building FAR
0.16
Land Acres
1.76 AC
Parking
46 Spaces (3.68 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Tenant Controlled HVAC
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Caliber Collision
- Retailer
- 12,400 SF
- -
- Triple Net
- Dec 2039
Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
Caliber Collision | Retailer | 12,400 SF | - | Triple Net | Dec 2039 |
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Brand New Caliber Collision | Waterbury CT | 1200 Wolcott St
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