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Caliber Collision - Mechanicsville, VA 6523 Mechanicsville Tpke 16,354 SF Retail Building Mechanicsville, VA 23111 $10,777,003 CAD ($658.98 CAD/SF) 5.85% Cap Rate
INVESTMENT HIGHLIGHTS
- 51,000+ cars per day
- Affluent area - incomes over $100k
- Strategically Located in high traffic retail corridor
EXECUTIVE SUMMARY
Newly Renovated 16,354 SF building on 2.24 Acres in Mechanicsville, Virginia(Richmond MSA)
Corporate Guarantee from Caliber Collision, which is the largest collision repair chain in the U.S., with 1,800+ stores in 41 states
Site is strategically located on Mechanicsville Turnpike (51,000+ cars per day)and is positioned between a Publix anchored shopping center and Lowe's Home Improvement
Other Major retail located within 1.5 miles of site includes Walmart Supercenter, Hobby Lobby, Target, Home Depot, BJs Wholesale, Kohl’s, Kroger, etc.
Mechanicsville is an affluent Richmond suburb within Hanover County. Average household incomes are over $100k and the county is home to 12 fortune 1000 headquarters
Tenant benefits from a diversified income stream thru their strategic sublease to Enterprise Rent-A-Car. This mutually beneficial agreement is often utilized at high volume Caliber locations. Enterprise is relocating within the market in order to increase capacity to meet customer demand.
Corporate Guarantee from Caliber Collision, which is the largest collision repair chain in the U.S., with 1,800+ stores in 41 states
Site is strategically located on Mechanicsville Turnpike (51,000+ cars per day)and is positioned between a Publix anchored shopping center and Lowe's Home Improvement
Other Major retail located within 1.5 miles of site includes Walmart Supercenter, Hobby Lobby, Target, Home Depot, BJs Wholesale, Kohl’s, Kroger, etc.
Mechanicsville is an affluent Richmond suburb within Hanover County. Average household incomes are over $100k and the county is home to 12 fortune 1000 headquarters
Tenant benefits from a diversified income stream thru their strategic sublease to Enterprise Rent-A-Car. This mutually beneficial agreement is often utilized at high volume Caliber locations. Enterprise is relocating within the market in order to increase capacity to meet customer demand.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
16,354 SF
Building Class
C
Year Built/Renovated
2003/2025
Price
$10,777,003 CAD
Price Per SF
$658.98 CAD
Cap Rate
5.85%
NOI
$630,455 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
2.24 AC
Zoning
B3 - Business
Parking
116 Spaces (7.09 Spaces per 1,000 SF Leased)
Frontage
227’ on Mechanicsville Tpke
AMENITIES
- Pylon Sign
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Caliber Collision
- -
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Caliber Collision | - | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 8724-18-0642 | Improvements Assessment | $2,653,225 CAD |
| Land Assessment | $1,859,505 CAD | Total Assessment | $4,512,730 CAD |
PROPERTY TAXES
Parcel Number
8724-18-0642
Land Assessment
$1,859,505 CAD
Improvements Assessment
$2,653,225 CAD
Total Assessment
$4,512,730 CAD
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Caliber Collision - Mechanicsville, VA | 6523 Mechanicsville Tpke
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