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1512 Gardner Blvd, Columbus, MS, 39702

Joe Hudson’s Collision Center
Closed

Key Information

Cap Rate
8%
Tot. SF
16,000
Year Built
1989/ R 2021
Term Remaining
±9 Yrs
Type
Retail

Highlights

  • Corporate-Backed Lease with Top-Tier Operator: Leased to Joe Hudson’s Collision Center (“JHCC”), a top-5 multi-shop operator (MSO) in the U.S. collision repair sector, with nearly 300 locations nationwide. JHCC is backed by private equity sponsor TSG Consumer Partners, which manages over $13 billion in assets.
  • Above-Market Yield Relative to Sector Benchmarks: Offers compelling cash-on-cash returns superior to comparable long-term leased collision centers, providing enhanced yield in a sector with increasing institutional demand.
  • Long-Term Lease with Extended Income Horizon: Recently executed 10-year lease with options extending through 2054, providing secure, long-duration income backed by a strong corporate tenant.
  • Contractual Annual Rent Escalations: 2% annual rental increases offer predictable income growth and an effective hedge against inflation, supporting long-term yield enhancement.
  • Defensive, Recession-Resilient Asset Class: Collision repair is a non-discretionary, insurance-driven service with inelastic demand across economic cycles, offering durable income stability.
  • Passive Ownership with Minimal Landlord Obligations: Absolute net lease structure places responsibility for all operating expenses on the tenant; landlord is responsible only for roof, structure, and plumbing—minimizing management requirements and exposure.

Photos

Location

Agents

Broker of Record

Phillip Carpenter

License # C-11708 (MS)
Carpenter Properties, Inc.
1437 Old Square Road, Suite 104 Jackson, MS 39211