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Caliber Collision 7800 Jolly Ln 24,150 SF Retail Building Brooklyn Park, MN 55445 $5,566,581 CAD ($230.50 CAD/SF) 6.50% Cap Rate
Investment Highlights
- Corporate-guaranteed NN lease with Caliber Collision, largest collision repair chain in the U.S.
- Lease extends through February 2033 with two additional five-year renewal options through 2043.
- Located in Minneapolis–St. Paul MSA with 5-mile trade area of ~101,826 residents.
- 2% annual rent increases throughout initial term and both renewal option periods.
- NN lease structure limits landlord responsibilities to roof, HVAC, and structural components.
- Rent basis of $10.55/SF is well below market, providing strong downside protection.
Executive Summary
Kurt Sauer
Matthews of Minnesota, LLC
40628602, 41005445 (MN)
701 Xenia Ave S, Ste 485 Minneapolis MN 55416 (866) 889-0550
Property Facts
Amenities
- Pylon Sign
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Services
- -
- -
- -
Caliber was founded in 1997 and began with collision centers in California before growing into a national automotive services business. The company focuses on collision repair, auto glass repair and replacement, and related auto care services through its family of brands. Caliber's collision repair services are supported by repair processes, certifications, and relationships with major insurance carriers and vehicle manufacturers. Today, Caliber maintains a broad presence across the United States and continues to expand its service network for drivers needing post-collision and glass repair support.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
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|
Services | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 20-119-21-33-0012 | Improvements Assessment | $2,620,322 CAD |
| Land Assessment | $1,186,585 CAD | Total Assessment | $3,806,907 CAD |
Property Taxes
Presented by
Caliber Collision | 7800 Jolly Ln
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