September 20, 2023 – Kyle Danielson of Horvath & Tremblay has successfully completed the sale of Caliber Collision in Fairview Heights, Illinois. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $1,925,971.
Caliber Collision is located at 10610 Lincoln Trail in Fairview Heights, Illinois. The Property is improved by two buildings and has a total of 12,683 square feet on a 1.43-acre parcel of land. The building was constructed in 2005 and renovated for Caliber Collision in 2022. Caliber Collision has 13+ years remaining on their 15-year Absolute NNN Lease followed by two (2), 5-year renewal options. The lease features 10% rental increases every 5-years throughout the primary lease term and at the start of each option period. The Property is situated along Lincoln Trail, one of the area’s primary commercial corridors and is 1-mile from Interstate 64. The Property is surrounded by national retailers and restaurants that drive traffic to the area and is also close to densely populated residential neighborhoods providing a built-in customer base for Caliber Collision. Fairview Heights is located in the southwest corner of Illinois about 13 miles from St. Louis, Missouri.
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.