December 14, 2023 – Zach Smith and Michael Talbert of Horvath & Tremblay have successfully completed the sale of Caliber Collision in San Angelo, Texas. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $5,112,000.
Caliber Collision is located at 3182 N Bryant Boulevard in San Angelo, Texas. The new construction Caliber Collision has 14+ years remaining on their Absolute NNN Lease with two (2), 5-year renewal options. The new construction building is comprised of 16,100 square feet on a 2.476-acre parcel. The lease features attractive 10% rent increases every 5-years throughout the primary lease term and at the start of each of the 5-year renewal options, providing the investor with an attractive increase in revenue and a hedge against inflation. The Property is well located along North Bryant Boulevard (US Highway 87), the area’s primary commercial corridor. The Property is positioned adjacent to a new construction Tractor Supply Co and is seconds from a Walmart Supercenter. The Property benefits from outstanding visibility and frontage and is 2-miles from US Highways 67 and 277. The Property is close to national retailers and nationally branded restaurants that drive traffic to the area, and is 4-miles from Angelo State University and 5.5-miles from Goodfellow Air Force Base, the largest employer in the region.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.