Caliber Collision NNN Property For Sale — Madison, WI
701 Atlas Ave, Madison, WI 53714
This Caliber Collision property offers a secure investment opportunity with a brand new 15-year absolute net lease, ensuring zero landlord obligations. The tenant, Caliber Collision, is the nation's largest auto body repair company, boasting over 1,800 locations and backed by a strong corporate guarantee. The industry is e-commerce and recession-resistant, providing stable income. The property features brand new retrofit construction and is strategically located just 15 minutes from Downtown Madison, within a thriving industrial trade area. The lease includes attractive 10% rent increases every five years, hedging against inflation. Demographics are robust, with over 155,000 residents and an average income exceeding $80,000 within a 5-mile radius.
- Address: 701 Atlas Ave, Madison, WI 53714
- Asking price $4.35M
- 6.70% cap rate
- NOI $291,251
- 12.4 years remaining
- NNN lease
- Year built: 1971
- Building size: 17,443 SF
- Lot size: 1.01 acres
- Lease expiration: Jan 31, 2039
- Rent increases: 1-5: $291,251; 6-10: $320,376; 11-15: $352,414
- Guarantor: Corporate
Location
This Caliber Collision property is at 701 Atlas Ave in Madison, Wisconsin.
Asset type: Retail