1220 11th St N - Warehouse FOR SALE


Sauk Rapids, MN 56379
$2,500,000 USD
480-221-4221
1220 11th St N, Sauk Rapids, MN for Sale
$2,500,000 USD
Warehouse - FOR SALE
1/8
null | 6.33% Cap Rate

1220 11th St N
Sauk Rapids, MN 56379


HIGHLIGHTS

  • Over 13-Years Remaining | Scheduled Rental Increases | Established Brand | Corporate Signed
  • NN Leased | Fee Simple | $1.5M+ in Tenant Improvements | Limited Landlord Responsibilities
  • Dense Retail Corridor | Strong National/Credit Tenant Presence | St. Cloud Hospital | St. Cloud Technical & Community College
  • Strong Demographics in 5-Mile Trade Area | Direct Consumer Base

OVERVIEW

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, corporate signed, Caliber Collision investment property located in Sauk Rapids, Minnesota (St. Cloud MSA). The tenant, Caliber Holdings, LLC has over 13 years remaining on their current lease with 2 (5-year) options to extend. The lease features 5% rental increases every 5 years throughout the initial term and 10% rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NN with limited landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor. Founded in 1997, the Caliber portfolio of brands has grown to more than 1,700 centers nationwide and features a full range of complementary automotive services, including Caliber Collision, the nation’s largest auto collision repair provider across 41 states, Caliber Auto Glass for glass repair and replacement and Caliber Auto Care for mechanical repair and quick oil change services. Lastly, the tenant spent over $1.5 million in tenant improvements / building upgrades to retrofit the building for their use, demonstrating their commitment to the site.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$102 USD /SF

CAP RATE

6.33%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Caliber Collision | 13+yrs Corp NN w/ Incrs

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1979

UTILITIES

-

CLEAR CEILING HT

16 Ft

DOCKS

1

DRIVE INS

2

PARKING SPACES

43

LAND DETAILS

LAND ACRES

1.6

LAND SF

69,696

ZONING

C-2

APN/PARCEL ID

19.02125.00

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.