Corporate Lease – The lease is backed by Classic Collision LLC, a nationally recognized collision repair operator. With over 250 locations across the U.S., Classic Collision is the 4th largest collision repair operator in the nation
Fourth Largest Collision MSO – Classic Collision was acquired by TPG Capital in April 2024, a testament to the company’s strong performance and growth potential. TPG Capital, the fourth largest private equity group in the world, provides significant financial backing and expertise, further enhancing the tenant’s creditworthiness.
Proven Operating History – This facility has operated as an auto repair center for over 25 years, demonstrating long-term viability and strong demand in the area.
Below Market Rents – The tenant is currently paying $8 per SF, well below market rates, offering investors the opportunity to capture future upside as rental rates adjust to market levels.
Located Near Car Dealerships – Situated in close proximity to several car dealerships, the property benefits from close proximity to a dealership corridor, making it an ideal location for an auto repair facility. Dealerships in the area include Subaru, Ram, Volkswagen, Kia, GMC, Mitsubishi, Nissan, Jeep, Honda, Hyundai, & CarMax (ranked 2nd in state by foot traffic).
Near-Term Increase in Return – The lease includes a 5% rental increase set to take effect in just 18 months, providing investors with the opportunity to achieve a higher return on investment in the near term.