Caliber Collision NNN Property For Sale — Durham, NC · 16,731 SF
Durham, NC 27701
Exceptional opportunity to acquire a single-tenant absolute NNN leased Caliber Collision located in Durham, North Carolina, situated within the renowned Research Triangle. The property comprises a 16,731 SF facility situated on 1.73 acres, featuring an absolute NNN lease structure with zero landlord management responsibilities. The lease includes 10% rent escalations every five years and is backed by a strong corporate guaranty from Wand NewCo. Positioned in a prime infill location less than a mile from downtown Durham and minutes from Duke University, this recession-resistant asset benefits from strong surrounding demographics, dense employment, and non-discretionary, insurance-driven demand.
- Address: Durham, NC 27701
- Asking price $4.97M
- 6.36% cap rate
- NOI $316,505
- 6.6 years remaining
- NNN lease
- Year built: 1993
- Building size: 16,731 SF
- Lot size: 1.73 acres
- Lease expiration: Jun 11, 2033
- Rent increases: 10% Every 5 Years; Years 11-15: $348,156; Option 1: $382,971; Option 2: $421,268
- Guarantor: Corporate
Location
This Caliber Collision property is in Durham, North Carolina.
Asset type: Auto Repair