March 21, 2025 – Austin Smith and Hill Kanellos of Horvath & Tremblay have successfully completed the sale of Caliber Collision in Salisbury, Maryland. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $3,172,413.
Caliber Collision is located at 2306 North Salisbury Boulevard in Salisbury, Maryland. The recently renovated Caliber Collision has 13+ years remaining on their NN Lease with two (2), 5-year renewal options. The building is comprised of 16,700 square feet on a 2.20-acre parcel. Caliber Collision has a new roof with a 20-year, transferable warranty and a recently restriped parking lot. 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 an outparcel to The Centre at Salisbury, an 862,000 square foot super regional mall that sits just off the intersection of two major thoroughfares in the area; U.S. Route 50 (Salisbury Bypass) and U.S. Route 13 (N Salisbury Blvd). The two thoroughfares combine for over 70,000 VPD. The Property is positioned in a dominant commercial trade area that is home to countless national retailers, restaurants, office and manufacturing buildings and industrial complexes, all of which drive traffic to the area. The Property is also convenient to the area’s residential neighborhoods providing a built-in customer base.
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.