INVESTMENT HIGHLIGHTS

• Location & Market Fundamentals – The property at 11045 Irma Dr is located in Northglenn, Colorado, an established submarket within the growing Denver metro area. Zoning and development restrictions often prevent new auto-related construction, adding to the appeal of existing facilities that are already grandfathered in.
• National Brand Recognition – CARSTAR has over 700 locations across North America and is part of the Driven Brands portfolio (which includes Meineke, Maaco, Take 5, etc.).
• Tenant Strength & Industry Stability – The tenant, Carstar, is operated by Puget Collision, a company with 52 locations across the region. This scale gives investors added confidence in the tenant’s operational and financial strength. The auto collision industry itself is considered recession-resistant, as accident repair is often need-based and not subject to discretionary consumer behavior. Puget Collision is currently one of the fastest growing MSOs in the country.
• Asset Characteristics & Physical Condition – The building comprises 16,322 square feet situated on a 0.57-acre lot. The property was built in 1985 and includes specialized build outs such as spray booths, lifts, and heavy electrical — all of which are costly to replace and make tenant relocation unlikely. These features not only support the current use but also enhance the property’s stickiness and long-term leasing potential.