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CALIBER COLLISION | 15 YR ABSOLUTE NET LEASE 1815 Main St

16,100 SF 100% Leased Retail Building Billings, MT 59105 £5,386,392 (£335/SF) 6.45% Net Initial Yield

Investment Highlights

  • 15 Year Absolute Net Lease (Zero Landlord Responsibilities) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options.
  • Dominant Leadership: Hellman & Friedman, Private Equity Firm with Over $25 Billion of Total Assets, is the Majority Owners after Merger.
  • Brand New 2025 Construction. Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation.
  • Caliber Collision is the Nation’s Largest Collision Repair provider, with more than 1,700 Convenient Locations in 40 States - and Growing.
  • Billings is Experiencing Rapid Growth and a Strong Economy; it has had and is Continuing to have the Largest Growth of any city in Montana.
  • The Site Benefits from its Close Proximity to Downtown Billings - Home to a Variety of Museums, Theaters, Music Venues, and Restaurants.

Executive Summary

Montana Broker of Record: Adam Christofferson | 16830 Ventura Blvd., Ste. 100 Encino, CA 91436 | P: (818) 212-2700 | Lic #: RRE-BRO-LIC-15748
Brand New 2025 Construction | Rapidly Growing Community | Near Numerous National Retailers | Minutes from Downtown Billings and International Airport | Qualifies for Accelerated Depreciation | Recession Resistant Concept

Attachments

Marketing Brochure/Flyer

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
16,100 SF
Year Built
2025
Construction Status
Under Construction
Price
£5,386,392
Price Per SF
£335
Net Initial Yield
6.45%
NOI
£347,422
Percent Leased
100%
Number of Floors
1
Building FAR
0.13
Land Acres
2.95 AC

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Caliber Collision
  • Retailer
  • 16,100 SF
  • -
  • Triple Net
  • Feb 2040
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Caliber Collision Retailer 16,100 SF - Triple Net Feb 2040

Links

1 of 1
(858) 373-3184

  • Listing ID: 31902964

  • Date on Market: 23/05/2024

  • Last Updated:

  • Address: 1815 Main St, Billings, MT 59105

The Retail Property at 1815 Main St, Billings, MT 59105 is currently available For Sale. Contact The Mansour Group of Marcus & Millichap for more information.

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© 2024 CoStar Group

CALIBER COLLISION | 15 YR ABSOLUTE NET LEASE | 1815 Main St
(858) 373-3184 x

CALIBER COLLISION | 15 YR ABSOLUTE NET LEASE | 1815 Main St

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Alvin Mansour

(858) 373-3184

(858) 373-3184

Jon Talia

(858) 373-3186

(858) 373-3186

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