2306 N Salisbury Blvd
Salisbury, MD 21801

Forged Real Estate is pleased to exclusively offer the opportunity to acquire the fee simple interest in a single tenant property leased to Caliber Collision, (the “Property”) in Salisbury, MD, the county seat of Wicomico County, Maryland. Caliber Collision just commenced their brand new, corporately guaranteed, fifteen (15) year lease on January 1, 2024. Caliber Collision operates on a double-net (NN) lease that features ten percent (10%) rental increases every five (5) years including in their two (2), five (5) year option periods. Caliber Collision's brand new roof includes a 20-year, transferable warranty. Additionally, the parking lot was recently restriped. Caliber Collision sits as an outparcel to The Centre at Salisbury, an 862,000 square foot super regional mall that sits just off the intersection of two major thoroughfares in the area; U.S. Route 50 (Salisbury Bypass) and U.S. Route 13 (N Salisbury Blvd). The two thoroughfares combine for over 70,000 VPD. The population within one (1) mile of the property increased a dramatic 37% between 2010 and 2023 and is projected to increase another 13% between 2023 and 2028. Caliber Collision is the nation's largest auto collision repair providers with approximately 1,600 locations in 40 States and growing. They operate under four main divisions including Caliber Collision, Caliber Auto Care, Caliber Auto Glass and Caliber Fleet Solutions. In 2021, Caliber was awarded one of America’s Best Large Employers according to Forbes magazine. They also earned the gold medal in the Extra-Large Company category of the Inc. Best in Business award, the only auto services provider to make the list.
-NEW CORPORATE GUARANTY LEASE WITH STRONG RENTAL INCREASES: Caliber Collision just commenced their brand new, corporately guaranteed fifteen (15) year lease on January 1, 2024. Caliber Collision operates on a double-net (NN) lease that features ten percent (10%) rental increases every five (5) years including in their two (2), five (5) year option periods.
-SIGNIFICANT TAX BENEFITS: The subject property qualifies for tax savings through accelerated deprecation via cost segregation.
-NEW ROOF AND RESTRIPED PARKING LOT: Caliber Collision's brand new roof includes a 20-year, transferable warranty. Additionally, the parking was recently restriped.
-OUTPARCEL TO SUPER REGIONAL MALL: Caliber Collision sits as an outparcel to The Centre at Salisbury, an 862,000 square foot super regional mall that sits just off the intersection of two major thoroughfares in the area; U.S. Route 50 (Salisbury Bypass) and U.S. Route 13 (N Salisbury Blvd). The two thoroughfares combine for over 70,000 VPD.
-IMMEDIATE HIGH GROWTH AREA: The population within one (1) mile of the property increased a dramatic 37% between 2010 and 2023 and is projected to increase another 13% between 2023 and 2028. While the population within three (3) miles increased a robust 15% during the same timeframe and is projected to continue to increase through 2028.
-BUSTLING RETAIL CORRIDOR: In addition to the surrounding retailers at The Centre at Salisbury, Caliber Collision is surrounded by a host of nearby, national retailers along N Salisbury Boulevard such as: Walmart Supercenter, Target, The Home Depot, Lowe’s Home Improvement, Sam’s Club, Aldi, Grocery Outlet, Best Buy, Hobby Lobby, Kohl’s, Ross Dress for Less, Marshalls, PetSmart, Tractor Supply Co., Harbor Freight Tools, Mattress Warehouse, Chili’s, Buffalo Wild Wings, Panera Bread, Starbucks, Chick-Fil-A, Wendy’s, Wawa and McDonald’s demonstrating the strength of the retail corridor.
-LEADING AUTO REPAIR TENANT: Caliber Collision is the nation's largest auto collision repair providers with approximately 1,600 locations. They operate under four main divisions including Caliber Collision, Caliber Auto Care, Caliber Auto Glass and Caliber Fleet Solutions. In 2021, Caliber was awarded one of America’s Best Large Employers according to Forbes magazine. They also earned the gold medal in the Extra-Large Company category of the Inc. Best in Business award, the only auto services provider to make the list.
-STRONG PLACER.AI PERFORMANCE OF SURROUNDING RETAIL: Both the Chick-Fil-A and Dick’s Sporting Goods in Salisbury rank in the top of their chain. Chick-Fil-A ranks within the top 95th percentile of Chick-Fil-A locations in Maryland and the top 86th percentile of Chick-Fil-A locations within the United States. Dick’s Sporting Goods also ranks in the top 73rd percentile of its chain within Maryland, cementing both of these stores as the top performing retail locations within their chain (Placer.ai).