STNL INVESTMENT | $2,127,000 | 6.25% CAP › d2 › 27pTcBxS2YdBZDm37... · collision repair...

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STNL INVESTMENT | $2,127,000 | 6.25% CAP 404 SOUTH GATEWAY DRIVE | MADERA, CA 93637

Transcript of STNL INVESTMENT | $2,127,000 | 6.25% CAP › d2 › 27pTcBxS2YdBZDm37... · collision repair...

Page 1: STNL INVESTMENT | $2,127,000 | 6.25% CAP › d2 › 27pTcBxS2YdBZDm37... · collision repair industry. Together the companies have 19,000 employees and complete over 1.2 million repairs

STNL INVESTMENT | $2,127,000 | 6.25% CAP404 SOUTH GATEWAY DRIVE | MADERA, CA 93637

Page 2: STNL INVESTMENT | $2,127,000 | 6.25% CAP › d2 › 27pTcBxS2YdBZDm37... · collision repair industry. Together the companies have 19,000 employees and complete over 1.2 million repairs

CLICK FOR VIDEO OF PROPERTY FLYOVER

404 S GATEWAY DRIVE, MADERA, CA 93637

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MADERA, CALIFORNIA

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7636 N Ingram AvenueSuite 103Fresno, CA 93711

CA Broker License 02047928visintainergroup.com

BRETT VISINTAINER, CCIMCommercial Investment AdvisorPrincipal, Visintainer Group

bre�@visintainergroup.com559.890.0320 OFFICE559.916.0370 MOBILECA Agent License 01792092

JOHN KOURAFASCommercial Investment AdvisorVisintainer Group

[email protected] OFFICE559.259.0254 MOBILECA Agent License 02089371

EXECUTIVE SUMMARYInvestment HighlightsInvestment SummaryProperty Descrip�on

TENANT INFORMATIONTenant Profile

LOCATION MAPSArea Maps

AREA OVERVIEWDemographicsCity Overview

CALIBER COLLISION

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RARE ANNUAL RENT INCREASESUnlike most Caliber Collision leases that have 10% increases every5 years, this location has a lease with annual increases tied to CPI.

AMERICA’S LARGEST COLLISION REPAIR COMPANYCaliber Collision has over 1,100 repair centers nationwide,

an estimated annual revenue of $3.5 billion, and 10-12 percentmarket share in the collision repair industry.

EXPANSION ON PROPERTY NEXT DOORCaliber signed a lease on the property next door to build

an additional 10,000 sf with a matching leasethrough May 2032

LONG TERM LEASECaliber recently extended their lease through May 2032.

NOI$132,889

INVESTMENT SUMMARY

CAP RATE6.25%

$2,127,000SF

11,175

TERMS

INCREASESBASE RENT SHALL INCREASE ON EACH ANNIVERSARY OF THE

COMMENCEMENT DATE BY CPI FOR SAN FRANCISCO-OAKLAND-SAN JOSE, CA, ALL ITEMS.

JUNE 1, 2026 - MAY 31, 2032 | 3.00% ANNUAL INCREASES

RENT ROLL

YEAR ANNUAL MONTHLY

Current $11,074$132,889

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PROPERTY DESCRIPTION

ADDRESS404 S Gateway DriveMadera, CA 93637

APN010-193-011

TENANTCaliber Collision

TOTAL BUILDING AREA11,175 SF

LEASE TERMOriginal 10-Year Lease Extended 6 Years | 16 Years

LEASE COMMENCEMENTMay 21, 2016

LEASE EXPIRATIONMay 31, 2032

LANDLORD RESPONSIBILITIESRoof, founda�on, HVAC, parking lot,

and in-ground plumbing

TENANT RESPONSIBILITIESProperty taxes, insurance, CAM

YEAR BUILT2002

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1,100+REPAIR CENTERS

37 StatesDOMESTIC REACH

$3.5 BillionESTIMATED ANNUAL REVENUE

Caliber Collision is America’s largest auto body collision repair company with estimated annualrevenue of $3.5 billion and 10-12 percent market share in the collision repair industry. Thecompany opened its 600th location in August 2018 and merged with ABRA Auto Body Repairof America in February 2019, bringing its portfolio to over 1,100 locations in 37 states and theDistrict of Columbia. The merger created a supergiant in the industry, allowing the companies tobetter serve their customers and insurance clients, and drastically changed the landscape of thecollision repair industry. Together the companies have 19,000 employees and complete over1.2 million repairs annually. Caliber Collision is privately owned by Hellman & Friedman, a privateequity firm that helps leading companies grow even stronger.

Hellman & Friedman was founded in 1984 and has offices in San Francisco, New York, andLondon. The firm focuses on investing in superior quality businesses and serving as a value-addedpartner to management in select industries including financial services, business and informationservices, software, healthcare, internet and media, retail and consumer, and energy. Over thecompany’s long investing history, they have raised over $50 billion of committed capital and haveinvested in 90+ companies.

Caliber Collision provides repair solutions that enable insurance company partners to improvecustomer satisfaction, drive retention, and reduce repair costs in the claims process. “Restoringthe Rhythm of Your Life” is the company’s motto. Industry analysts expect Caliber Collision willcontinue to see rapid growth across the country. Supported by their low, unbeatable prices and an excellent customer service experience, the company opened 100 locations between June2017 and August 2018 and continues to consistently drive satisfaction, open in new communities,and increase market share in the industry.

FOUNDED

1997WEBSITE

calibercollision.com

#1NATION’S LARGEST

COLLISION REPAIR COMPANY

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SUBJECT PROPERTY

BETHARD SQUARE SHOPPING CENTER

MADERA HIGH SCHOOL

HWY99

HWY99

MADERA COUNTY SUPERIOR COURT

S GATEWAY DRIVE

S MADERA AVEN

UE

OLIVE AVENUE

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SUBJECT PROPERTY

EXPANSION PLANSCALIBER COLLISION SIGNED A LEASE ON THIS ADJACENT PROPERTY

WITH PLANS TO BUILD AN ADDITIONAL 10,000 SF IN 2020

S GATEWAY DRIVE

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1 MILE

DEMOGRAPHICS THREE MILE RADIUS FROM SUBJECT PROPERTY

TOTAL POPULATION

2019

2024 Projection

Annual Growth Rate

22,586

23,545

0.84%

59,197

61,331

0.71%

76,998

79,818

0.72%

HOUSEHOLDS (HH)

2019

2024 Projection

Annual Growth Rate

5,288

5,473

0.69%

14,326

14,754

0.59%

19,308

19,911

0.62%

MEDIAN AGE

2019

2024 Projection

26.7

27.0

27.5

28.3

28.2

29.2

AVERAGE HH INCOME

2019

2024 Projection

$45,971

$51,786

$52,903

$59,558

$58,478

$66,419

2 MILES 3 MILES

1 MILE 2 MILES 3 MILES

1 MILE 2 MILES 3 MILES

1 MILE 2 MILES 3 MILES

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MADERA | CALIFORNIALocated in the heart of California's Central Valley, Madera County

has a rich agricultural tradi�on which coexists with a growing industrialbase. As the southern entrance to Yosemite Na�onal Park,

Madera County is a region filled with outdoor adventures, winetas�ng, fishing, and historic museums.

Madera County popula�on exceeds 157,900 (2018).

Housing costs in the county are some of the mostdesirable in the State.

Madera’s rich heritage and diverse popula�on have helped transforma small town into a growing and thriving community.

Home to Valley Children’s Hospital, the largestchildren’s hospital between San Francisco to Los Angeles

and the 13th largest pediatric facility in the na�on.

There are over 100 manufacturing and processing plants in theMadera County area. Major produc�on concentra�ons are

wine, dairy products, glass bo�les, cardboard boxes, fiberglassinsula�on, food processing equipment, air cooling units and plas�c.

Some of the top employers in Madera County are:Chuckchansi Gold Resort & Casino

Madera Unified School DistrictState of California

Valley Children’s Hospital

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Any information provided with this Offering Memorandum shall be considered strictly confidential at all times. As an express conditionof you receiving and reviewing this Offering Memorandum you agree to treat its contents confidential and to ensure that anyone youprovide this information, in whole or in part, agrees to keep the contents strictly confidential as well. We reserve the right to issueyou a recall notice, in which case you agree to return this information to us and to recover and transmit any copies you have furnishedto other parties, including prospective purchasers.

You also understand that the information in this Offering Memorandum is being provided in good faith and largely using informationprovided by our client or public resources, and that in no way do we verify or guarantee the ultimate accuracy of informationcontained herein, including without limitation: values of properties; square footage; zoning or land use; actual versus projected NOIfigures; the strength or intentions of any tenant; any condition of title; area tenants or tenant mixes; comparable sales; land bordersor boundaries; the existence or absence of any hazardous materials or substances; the topography or suitability of land for constructionor expansion; and/or the coverage, duties or limitations imposed by any CC&Rs, DDAs, REAs or otherwise.

You and your client’s due diligence (once in escrow) is the opportunity you have to complete a final verification of any informationyou determine is necessary for vetting the property or properties and you may not rely on information in this Offering Memorandum.

You also understand that this Offering Memorandum contains abbreviated or summary versions of key facts or data and are notintended to be comprehensive or all-inclusive list of information. No warranty or representation, expressed or implied, is made bythe owner, the agent, the broker of record or our company as to the accuracy of the information contained herein or any otherwritten or oral communications.

We expressly disclaim any liability connected with the information or other communications made in the course of listing, negotiating,escrow, closing or post-closing.

This Offering Memorandum is subject to modification, rescission, termination or withdrawal, with or without notice. It is not deemedto be an offer to sell any property. The property owner or owners shall have no legal commitment or obligation to any interestedparty reviewing this Offering Memorandum to accept an offer or respond to an offer.

DISCLAIMER AND DISCLOSURE AGREEMENT

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7636 N Ingram AvenueSuite 103Fresno, CA 93711

visintainergroup.com