Asking Price
NOI Net Operating Income
Cap Rate
Asking Price
NOI Net Operating Income
Cap Rate

Documents

Enter the "Deal room" for exclusive documents related to this property.

I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 2010
Building Area
Land Area

Property Description

Jones Lang LaSalle (JLL) Capital Markets, Net Lease is pleased to exclusively offer a premier opportunity to acquire a single tenant Caliber Collision in Collierville, TN — an affluent suburb in the Memphis MSA.

Investment Highlights

• Over 11 years of remaining lease term with an internet-resistant, essential-service tenant—Caliber Collision

• In 2019, Caliber signed an early renewal through 2031—signaling a strong preference and need for this location

• The automotive collision market is a $304.9 billion industry with projected 3.3% annual growth through 2026

• Caliber is the largest collision repair shop operator in the United States with over 1,150 locations in 32 states

• Extended customer drawing area as the closest Calibers are located at least 7 miles away in all directions

• Over 61,000 residents and 30,000 daytime employees within 5 miles generating new customers from daily traffic

• Highly affluent location with average household incomes exceeding $154,000 within 5 miles

• Located in a top-5 wealthiest zip code (38017) in Memphis with 15.5% of households earning $200,000+

• Collierville is within Interstate-269—Memphis’s critical outer beltway that was completed in 2018 for $1.2 billion

• Carrier’s (NYSE: CARR) 900,000 SF manufacturing facility employs over 1,400 people 700 feet from Caliber

• FedEx’s World Technology Center is a 1 million SF campus that employs 2,500 people less than 2 miles from Caliber

• A potential technology employment center super site has been identified half a mile southeast of Caliber

• Memphis is the global 'SuperHub' of FedEx Express with the airport shipping the 2nd most cargo in the world

• Income-tax-free Tennessee levies no taxes on personal income

Last Updated Date: 28 Sep 2020
Michael Brewster
Michael Brewster
Director, Capital Markets
License details
FL-SL3280018
Bradley Peterson
Brad Peterson
Senior Managing Director, Orlando Office Head
License details
FL-BK3162030 AL-000088844-0 GA-256948 NC-323216

There was an error submitting your request. Please try again, or submit you inquiry here.

 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

+358931583230
Last Updated Date: 28 Sep 2020

Do you have any questions?  Visit our FAQ page

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.