CALIBER COLLISION

INVESTMENT HIGHLIGHTS

• Corporate Guarantee – Caliber Collision is the #1 auto body repair provider in the country with 1,600+ locations across 41 states.
• Long-term Remaining – Caliber signed a 15-year lease in 2017 after a conversion from a smaller collision tenant, leaving 8+ years remaining on the lease.
• Strong Rent Growth – 10% increases every 5 years helps tackle inflation
• Recent Renovation – The subject property underwent significant renovation in 2019 and benefitted from a new roof in 2021 that came with a 20- year roof warranty.
• Minimal Landlord Responsibilities – Tenant takes care of taxes, insurance, and maintenance excluding structural related items.
• Low Rent/Price – Many new construction Caliber Collision deals are in the $5M price range paying $250,000+ in annual rent, however, at this location they’re only paying $124,000.
• 7th Largest MSA – Philadelphia is the 7th most populous MSA with an estimated 6.3M residents. More specific to the subject property, there are 435,000 residents within a 5-mile radius.
• Expansion Mode – Caliber has more than doubled their store count since 2018 when they opened its 600th store to now having 1,600+ stores as of 2023 via acquisitions, establishing themselves as a dominant force in their respective industry