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CALIBER COLLISION | 15YR ABSOLUTE NET LEASE 4461 83 Expy

16,100 SF 4-Star Retail Building Harlingen, TX 78550 £4,264,476 (£265/SF) 6.35% 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.
  • Located in the Heart of the The Rio Grande Valley, One of the Fastest Growing Regions in the U.S. Annual Retail Sales exceed $5 billion.
  • Brand New 2024 Construction. Caliber Collision is the Nation’s Largest Collision Repair provider - 1,700 Convenient Locations in 40 States.
  • In Close Proximity to Numerous Auto Dealerships and Auto Service Centers including Toyota, Hyundai, Chrysler, Kia, Chevrolet, Nissan and many more.
  • Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation.

Executive Summary

Brand New 2024 Construction | Along Interstate-2 | Near Numerous Auto Dealerships and Auto Service Centers | Densely Populated Area | 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
Building Class
B
LoopNet Rating
4 Star
Year Built
2024
Construction Status
Under Construction
Price
£4,264,476
Price Per SF
£265
Net Initial Yield
6.35%
NOI
£270,794
Tenancy
Single
Number of Floors
1
Building FAR
0.19
Land Acres
1.94 AC
Parking
35 Spaces

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Caliber Collision
  • Retailer
  • 16,100 SF
  • -
  • Triple Net
  • Dec 2039
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Caliber Collision Retailer 16,100 SF - Triple Net Dec 2039

Links

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PROPERTY TAXES

Parcel Number 171300-0030-001000 Improvements Assessment £0
Land Assessment £0 Total Assessment £486,310

PROPERTY TAXES

Parcel Number
171300-0030-001000
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£486,310
(858) 373-3184

  • Listing ID: 31786677

  • Date on Market: 13/05/2024

  • Last Updated:

  • Address: 4461 83 Expy, Harlingen, TX 78550

The Retail Property at 4461 83 Expy, Harlingen, TX 78550 is currently available For Sale. Contact The Mansour Group of Marcus & Millichap for more information.

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© 2024 CoStar Group

CALIBER COLLISION | 15YR ABSOLUTE NET LEASE | 4461 83 Expy
(858) 373-3184 x

CALIBER COLLISION | 15YR ABSOLUTE NET LEASE | 4461 83 Expy

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Alvin Mansour

(858) 373-3184

(858) 373-3184

Jon Talia

(858) 373-3186

(858) 373-3186

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