Caliber Collision | 5313 Highway 90
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Caliber Collision 5313 Highway 90
14,600 SF Retail Building Pace, FL 32571 £4,991,187 (£342/SF) 5.85% Net Initial Yield
Investment Highlights
- New 15-year Abs NNN lease to Caliber Collision, the largest collision repair company in the U.S.
- 10% rental increases every five (5) years in initial term, offering projected growth over a long-term investment
- Caliber Collision’s rental increase structure during the initial term provides a strong attraction for net lease investors
- Caliber Collision has nearly tripled its number of units over the last five years, from 600 in 2018 to over 1,700 and growing as of May 2023
- Caliber Collision was recognized as the only company of its kind to make the Forbes 2021 list of “America’s Best Large Employers”
- Owned by OMERS Private Equity, which is AAA rated by Standard & Poor’s
Executive Summary
Located just off of US-90, this Caliber Collision location is ideally situated along the largest retail and motor traffic artery in Pace. The site has direct access to over 33,000 vehicles daily and nearby access to the 22,000 vehicles that travel along Avalon Boulevard each day. Surrounded by other top-tier national tenants such as Walmart, Lowe’s, Home Depot, Target, Publix and many others provide this Caliber Collision location with greatly increased visibility.
Positioned in between both Naval Air Station Pensacola and Eglin Air Force Base, this site gains access to over 23,000 military personnel from the naval Air station and an additional 20,000 servicemen from Eglin Air Force Base. The property benefits immensely from a densely populated and affluent local population, with the average household income exceeding $100,000 for the nearly 70,000 people who live within a five-mile radius of the site.
Many community hubs and high-traffic centers surround Caliber such as University of West Florida (14,343 students), Pace High School (2,240 students), Pace Crossroads Shopping Center, The Alamo retired Naval Base, and many others. Downtown Milton, FL is situated only four miles from the Caliber Collision site and provides the property with access to more than 10,000 additional residents.
Positioned in between both Naval Air Station Pensacola and Eglin Air Force Base, this site gains access to over 23,000 military personnel from the naval Air station and an additional 20,000 servicemen from Eglin Air Force Base. The property benefits immensely from a densely populated and affluent local population, with the average household income exceeding $100,000 for the nearly 70,000 people who live within a five-mile radius of the site.
Many community hubs and high-traffic centers surround Caliber such as University of West Florida (14,343 students), Pace High School (2,240 students), Pace Crossroads Shopping Center, The Alamo retired Naval Base, and many others. Downtown Milton, FL is situated only four miles from the Caliber Collision site and provides the property with access to more than 10,000 additional residents.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
14,600 SF
Building Class
B
Year Built
2024
Price
£4,991,187
Price Per SF
£342
Net Initial Yield
5.85%
NOI
£291,999
Tenancy
Single
Number of Floors
1
Building FAR
0.15
Lot Size
2.17 AC
Parking
80 Spaces (5.48 Spaces per 1,000 SF Leased)
Frontage
184 ft on U.S. 90
Amenities
- Air Conditioning
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 13-1N-29-0000-00800-0000 | Improvements Assessment | £0 |
| Land Assessment | £728,380 | Total Assessment | £728,380 |
PROPERTY TAXES
Parcel Number
13-1N-29-0000-00800-0000
Land Assessment
£728,380
Improvements Assessment
£0
Total Assessment
£728,380
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Caliber Collision | 5313 Highway 90
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