National Tenant – Strong Operator – Classic Collision is a nationally recognized and rapidly expanding auto body repair brand, operating over 330 locations across the United States. The company offers exceptional credit quality and operational stability, supported by its private equity sponsor, TPG Capital, a global investment firm managing over $225 billion in assets.
Long-Term NNN Lease with Built-In Rent Growth – The property is secured by a ±7.1-year remaining term on a Triple Net (NNN) lease, with the Landlord responsible only for roof and structure. The lease includes three (3) additional 5-year renewal options and features 5% rent increases every five years, ensuring predictable income growth and long-term stability for investors.
Strategic Location in a Growing Florida Market – Located in Fort Walton Beach, Florida, the property benefits from a diverse and expanding local economy, fueled by tourism, military employment, and steady population growth. The site enjoys excellent visibility and accessibility, positioned near a Walmart Supercenter, Sam’s Club, and Lowe’s, underscoring strong surrounding retail synergy and favorable area demographics.
Large Site & Valuable Real Estate – The ±10,472 SF building is situated on a ±1.03-acre lot, offering a low building-to-land ratio, ample parking, and potential future redevelopment opportunities. The expansive site design accommodates high vehicle volume, allowing Classic Collision to maximize operational efficiency and revenue generation.