Property Details

Caliber Collision

Salem, VA
Property ID: 9511

Financial Summary

Asking Price $2,091,300
Cap Rate 6.30%
Net Operating Income (NOI) $131,750
Lease Type NN
Lease Term Remaining 15 Years
Increases 10% Every 5 Years
The Offering Memorandum for this property is no longer available.

Contact

Brian O'Hear
Director
571.449.8079
Jonathan W. Hipp
President & CEO
703.787.4725

Share Property

Highlights

  • Caliber Collision largest auto repair company in USA with 600 locations
  • Caliber developed strategic partnerships with USAA, GEICO, Allstate Insurance and over 30 other insurance carriers
  • New roof effective September 2018
  • 15 years remain on the lease
  • 10% rent increases every five (5) years
  • Population of 94,908 with average HH income of $69,495 within 5 miles
  • In close proximity to Roanoke College (1,875 students)
  • Located in Virginia’s Blue Ridge mountains
  • NCAA host to women’s softball & lacrosse championship last two years

Net Lease Advisor

For more information on this tenant, including averages, overview and credit ratings, visit NetLeaseAdvisor.com.

Location

327 S College Ave
Salem, VA

Traci BidingerCaliber Collision