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1290 Pine Plaza Dr
Apex, NC 27523 Cary Crossroads/Apex

$8,085,000 USD

Auto Repair For Sale  •  16,900 SF

Property Details

  • Property Type Auto Repair
  • Total Building Size 16,900 SF
  • Lot Size 4.5 AC
  • Building Class B
  • Year Built 2016
  • Cap Rate 6.25 %
  • Tenancy Single
  • Zoning TF-CZ
20 Transit Score
40 Walk Score

Highlights

Absolute Net Lease (Zero Landlord Responsibilities) with approximately Five Years Remaining on the Initial Term, an Upcoming 10% Rental Increase.
Caliber Collision is the Nation’s Largest Collision Repair provider, with more than 1,800 Convenient Locations in 41 States - and Growing.
Dominant Leadership: Hellman & Friedman, Private Equity Firm with Over $25 Billion of Total Assets, is the Majority Owners after Merger.
Strategic Triangle Highway Access: Positioned between U.S. Highway 64, the Western Wake Freeway, and U.S. Highway 1.
In Close Proximity to Numerous Auto Dealerships and Auto Service Centers including Toyota, Infiniti, Ford, Buick, Kia, Mercedes, Volkswagen.
Cap Rate: 6.25 %

Major Tenants

Tenant SF Occupied Lease End Date
Caliber Collision 16,900 SF 11/30/2031
Charles Gallagher 843-952-2252 Marcus & Millichap
Charles Gallagher 843-952-2252 Marcus & Millichap