Caliber Collision | 15yr Abs NNN Lease in OZ | 1220 S Main St
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Caliber Collision | 15yr Abs NNN Lease in OZ 1220 S Main St
13,700 SF Retail Building Adrian, MI 49221 £2,799,710 (£204/SF)
Investment Highlights
- Recession and E-Commerce Resistant Use, Qualifies for Accelerated Depreciation
- Major Retail Hub near Meijer, Walmart, Chipotle, Lowe's, Chevrolet, ALDI, Marshalls, Starbucks, etc.
- Largest Auto Repair Chain in the US with 1,800+ Locations and 30,000+ Employees
- 15-Year Absolute Net Lease with ZERO LANDLORD RESPONSIBILITIES, Bumps Every 5 Years
- City Population: 20,000+ | County Seat of Lenawee County with 97,000+ Residents
- Adrian is a College Town that is home to Sienna College (3,600 students) and Adrian College (1,700 Students)
Executive Summary
Newly renovated Caliber Collision center in Adrian, Michigan, within a FEDERAL OPPORTUNITY ZONE. Two building property is 100% leased and corporately guaranteed by Caliber Collision. Absolute Net structure with ZERO LANDLORD RESPONSIBILITIES. 15 Year Initial Term with Two 5-Year Options and 10% Bumps every 5 Years throughout the initial term and option periods. Building recently underwent major renovations (2024).
The two buildings, with a combined square footage of 13,655sf, feature 11-roll up doors, 14 work bays, an indoor detail area ,two new state-of-the-art paint booths, and a recently-expanded parking lot which can hold 77 vehicles. Use type qualifies for ACCELERATED DEPRECIATION. Property also includes highway Billboard with a $3,000 per year lease.
The two buildings, with a combined square footage of 13,655sf, feature 11-roll up doors, 14 work bays, an indoor detail area ,two new state-of-the-art paint booths, and a recently-expanded parking lot which can hold 77 vehicles. Use type qualifies for ACCELERATED DEPRECIATION. Property also includes highway Billboard with a $3,000 per year lease.
Property Facts
Sale Type
Investment NNN
Sale Condition
Design & Build
Property Type
Retail
Property Subtype
Auto Repair
Building Size
13,700 SF
Year Built/Renovated
1997/2024
Price
£2,799,710
Price Per SF
£204
Tenancy
Single
Number of Floors
1
Building FAR
0.19
Land Acres
1.63 AC
Opportunity Zone
Yes
Zoning
C2 - C2 - GENERAL HIGHWAY COMMERCIAL DISTRICT
Parking
52 Spaces (3.8 Spaces per 1,000 SF Leased)
Frontage
150 ft on South Main
Amenities
- Fenced Lot
- Signage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | MD0-110-4370-00 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £413,909 |
PROPERTY TAXES
Parcel Number
MD0-110-4370-00
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£413,909
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Hunter Oldacre -
Oliver Oldacre -
Sunnyside Realty, LLC
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Caliber Collision | 15yr Abs NNN Lease in OZ | 1220 S Main St
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