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Caliber Collision 275 Commerce Dr

15,000 SF Retail Building Brunswick, GA 31525 $5,552,000 ($370/SF) 6.10% Cap Rate

Investment Highlights

  • Brand new 15-year corporate lease to the nation’s leading collision repair provider; two 5-year options
  • 10% rental increases every 5 years throughout the primary term and at the start of each option
  • The subject property is currently undergoing a substantial store renovation which includes the installation of a new roof
  • Absolute NNN lease structure – zero Landlord maintenance or expense obligations
  • Corporate guaranty: CH Hold Corp.
  • This will be the only Caliber Collision location serving Brunswick and the surrounding Golden Isles communities

Executive Summary

A 15-year absolute NNN lease to the nation’s largest collision repair provider. The subject property is currently undergoing a full renovation that includes a new roof, and the store is anticipated to open for business in Q4 2024.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
15,000 SF
Building Class
B
Year Built
2005
Price
$5,552,000
Price Per SF
$370
Cap Rate
6.10%
NOI
$338,675
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Land Acres
2.77 AC
Opportunity Zone
Yes
Zoning
PDS - Planned Development - Shopping
Parking
126 Spaces (8.4 Spaces per 1,000 SF Leased)

Nearby Major Retailers

Premier Martial Arts
United Community Bank
Planet Fitness
Bank of America
VyStar Credit Union
Publix
Chili's Grill & Bar
Ymca
Checkers
Truist

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
03-19830
Land Assessment
$221,600
Improvements Assessment
$228,040
Total Assessment
$449,640
  • Listing ID: 32615568

  • Date on Market: 7/29/2024

  • Last Updated:

  • Address: 275 Commerce Dr, Brunswick, GA 31525

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