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Caliber Collision | Southington CT 1300 Main St

12,424 SF Retail Building Meriden, CT 06451 $5,195,378 ($418/SF) 6.15% Cap Rate

Investment Highlights

  • Absolute NNN Lease, zero landlord responsibilities
  • Regular 10% rent increases every 5 years hedge against inflation
  • E-commerce and recession resistant industry, as long as there are cars on the road, there will be a need for body work
  • Brand new 2025 construction
  • Strong corporate guaranty from the largest auto body repair company in the U.S. backed by over 1,800 locations
  • Rare Connecticut investment, part of the densely populated New Haven-Hartford-Waterbury MSA, with 120,000 people living within 5 miles of the site

Executive Summary

This passive investment opportunity offers a qualified buyer the chance to purchase a brand new built-to-suit Caliber Collision in Southington, CT. The new 15-year, absolute triple net (NNN) lease is set to commence in March 2025.
CALIBER COLLISION
Founded in 1997, Caliber Collision is now the nation’s leading auto collision repair provider. Headquartered in Lewisville, TX, the Company operates over 1,800+ locations across 41 states. The Company’s commitment to the highest quality service, accurate estimates, and on-time delivery has allowed them to become the most trusted name in the industry. Caliber offers repair services from dent removal, collision repair, glass replacement, auto body rust repair & much more, providing more repairs and referred to by more insurance agents than any other collision repair provider in the country. Caliber Collision continues to expand its presence in the industry significantly, becoming the market leader through aggressive acquisition activity and improving its customer service, aiming to provide faster, more reliable maintenance for a fair price.
SOUTHINGTON, CT - A GROWING COMMUNITY WITH ECONOMIC OPPORTUNITY
Southington is a vibrant town known for its strong economic foundation, pro-business climate, and quality of life. Southington’s position along I-84 provides easy access to regional hubs like Hartford, Waterbury, and New Haven. This connectivity makes Southington an attractive choice for businesses in retail, healthcare, and manufacturing, as well as commuters. With local incentives and streamlined permitting, Southington fosters business growth and new development. Its economy is diverse, with strengths in healthcare, manufacturing, retail, and tourism, creating a prime spot for businesses, investors, and residents looking for growth in Connecticut.

Property Facts

Sale Type
Investment NNN
Sale Conditions
1031 Exchange
Property Type
Retail
Property Subtype
Auto Repair
Building Size
12,424 SF
Building Class
B
Year Built
2025
Construction Status
Under Construction
Price
$5,195,378
Price Per SF
$418
Cap Rate
6.15%
NOI
$319,516
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Land Acres
4.09 AC

Amenities

  • Signage
  • Listing ID: 33842534

  • Date on Market: 11/12/2024

  • Last Updated:

  • Address: 1300 Main St, Meriden, CT 06451

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