Caliber Collision - Offering Memorandum NN Investment Property - Avison Young Net Lease
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Caliber Collision Gainesville, VA Offering Memorandum NN Investment Property
Executive Summary Offering Memorandum
7825 Progress Court
Gainesville, VA 20155
7825 Progress Court | Gainesville, VA 20155
Asset Summary
Asking Price Cap Rate Annual Rent Lease Type Term Remaining
$4,585,036 5.5% $252,177 NN 10 Years
Investment Highlights
NOI $252, 177
- Nation’s largest collision repair company Rent/Month $21,015
- 10+ years remaining lease term
Rentable SF 12,000
- Outstanding DC metro location in rapidly growing area
Land Area 2.77 +/- Acres
- New store prototype, 2014 construction with limited landlord
responsibilities Tenant Caliber Collision
- Remaining warranty on roof Ownership Type Corporate
- One of Caliber Collision’s top performing locations
Guarantor Fee Simple
Lease Type NN
Landlord Responsibilities Roof, Structure, Parking Lot, & HVAC
Lease Term Remaining 10 Years
Lease Commencement 12/01/2016
Lease Expiration 11/30/2031
Increases CPI
Options 2 (Two), 10 (Ten) Years
Avison Young Capital Markets Net Lease Group | Confidential Offering Memorandum 2
Tenant Overview
About Caliber Collision
Nation’s leading
collision repair
provider
Caliber Collision repairs cars back to pre-collision condition
and helps their customers by Restoring the Rhythm of Their
Life®. They are a preferred partner of the nation’s leading
vehicle manufacturers and all major insurance carriers.
Their technicians receive ongoing comprehensive, industry-
recognized training and utilize the latest technology to ensure
that they restore your car back to manufacturer standards.
Caliber Collision Serivces
Avison Young Capital Markets Net Lease Group | Confidential Offering Memorandum 3
Map Location Offering Memorandum
7825 Progress Court
Gainesville, VA 20155
Reston, VA
25 Miles
Washington, DC
36 Miles
Subject Site
Alexandria, VA
Gainesville, VA 40 Miles
Acreage
2.77+/- Acres
Square Footage
4,000 SF
Avison Young Capital Markets Net Lease Group | Confidential Offering Memorandum 4
I-66 69,
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Local Retail Map Offering Memorandum
7825 Progress Court
Gainesville, VA 20155
Virginia Gateway
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Retail Map Offering Memorandum
7825 Progress Court
Gainesville, VA 20155
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Center
Fannon
Petroleum
Gainesville
Garage
Phoenix Steel
Erectors, Inc
Subject Site
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Highlights I-66 Intersection Construction
Demographics Offering Memorandum
7825 Progress Court
Gainesville, VA 20155
Gainesville, VA
With a population of nearly 20,000 residents, the median household
income in Gainesville, VA is over $140,000, more than double the figure
for the United States, and 40% higher than the DC Metro Area.
About 85% of housing units in Gainesville are owner-occupied, compared
to 73% in the greater Prince William County. Median home price in
Gainesville is up nearly 15% year-over-year as of June 2021, with 38% of
residents owning property in the $500k to $750k value range.
Gainesville has a median age of 36 years old, with 57% of residents
holding a bachelor’s degree or higher. Prince William County’s high levels
of education drive employment in Northern Virginia’s booming tech and
defense industries.
1 Mile 3 Miles 5 Miles
Population
2021 Population 2,113 52,698 117,207
2026 Population 2,475 57,219 127,167
2021 Median Age 33.2 35.8 35.4
Households
2021 Total Households 664 16,208 37,373
2026 Total Households 775 17,481 40,376
Median Household Income
2021 Median HH Income $134,455 $131,159 $119,322
2026 Median HH Income $147,713 $141,131 $128,250
Average Household Income
2021 Average HH Income $159,899 $162,714 $151,778
2026 Average HH Income $177,238 $177,789 $167,299
About Avison Young
Optimize your
$25 billion
Investment sales volume brokered
real estate
transactions
and holdings $10 billion
Financing transaction volume brokered
Avison Young’s Capital Markets group offers comprehensive real estate
transaction services to a global client base. A trusted advisor to real
90 years
estate owners and operators for more than 30 years, Avison Young
Combined industry experience
sources investment opportunities and provides investment sales - Creative deal structuring and sales strategies
execution for clients throughout Canada, the U.S., Europe and Asia.
- Strong buyer and lender relationships
Our capital markets experts are senior professionals who work - Principals’ established market credibility
seamlessly cross-border to deliver real estate solutions. Our expertise
has expanded organically in all asset classes, including office, industrial, - Extensive past and active leasing assignments
retail, multi-family, hospitality, leisure, land and development. We have in the submarket
a proven track record in representing an international range of buyers - Experienced, knowledgeable, creative and
and sellers, including REITS, pension funds, insurance companies, private
equity firms, opportunity and hedge funds, and both public and private responsive support
companies. Our success is measured by our clients’ results, with more
than U.S. $5 billion in transactions annually.
Market knowledge, Global relationships
We’re global
We combine Avison Young’s local, national and international experience 15 countries, 100+ office
with our research tools and teams to gain exceptional access to both 5,000 real estate professionals
domestic and international buyers seeking investment and development
400 msf under property management
opportunities. We have also built valuable relationships bringing off-
market investment and sales transactions to private and institutional
clients. avisonyoung.com
8
If you would like more information on this offering please get in touch. Jonathan Hipp Principal D 703 787 4725 C 571 926 2009 jonathan.hipp@avisonyoung.com Richard Murphy Senior Vice President D 571 449 8234 C 910 376 2757 richard.murphy@avisonyoung.com Tim Farrell Associate D 202 915 8409 C 571 723 2246 tim.farrell@avisonyoung.com Visit us online avisonyoung.com © 2021 Avison Young Washington, DC. All rights reserved. E. & O.E.: The information contained herein was obtained from sources which we deem reliable and, while thought to be correct, is not guaranteed by Avison Young. 2001 K Street NW, Suite 200 North, Washington, DC 20006
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