Colorado Springs, CO
Price: $5,728,600
Cap Rate: 5.65%
Status: UNDER CONTRACT
Caliber Collision
720 Garden of the Gods Road | Colorado Springs, CO 80907
Blue West Capital is pleased to present a strong credit, corporate guaranteed Caliber Collision available for sale in Colorado Springs. This tenant has been operating at this location since February 2010 and just executed a long-term lease extension, proving profitability and commitment to the location. This Caliber Collision is offered free and clear of any existing debt allowing an investor to take advantage of historically favorable debt terms.
This Opportunity is located along the heavily trafficked Garden of the Gods Road (45k+ VPD), just west of the I-25 interchange. The Colorado Springs site proves strong demographics with 186,857k residents living within a 5-mile radius and average household incomes of $81,782.
- Strong credit, corporate guarantee. Caliber Collision merger with ABRA, created a Leading collision repair chain of more than 1,200 locations in 40 States, operated under the Caliber Collision Brand
- 10% rental increases every 5 years improving cash flow and value through ownership. Year 6 CAP rate moves to 6.20%
- Qualifies for accelerated bonus depreciation
- Colorado Springs, CO population grew by 9.5%, more than double the national growth rate between 2010 and 2016
OFFERING SUMMARY
Price: $5,728,600
Cap Rate: 5.65%
Building Size: 25,000 SF
Lot Size: 1.53 Acres
INVESTMENT CONTACT
TOM ETHINGTON
Managing Partner
Investment Sales
720.966.1624
Tom@BlueWestCapital.com
BRANDON WRIGHT
Analyst
Investment Sales
720.828.7457
Brandon.Wright@BlueWestCapital.com