11120 Tx-191Midland, TX 79707

For Sale
$5,762,157

Caliber Collision NNN Lease, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity presents a 17,588-square-foot Class A auto shop in Midland, Texas, currently leased to Caliber Collision, the nation's largest collision repair provider. The property boasts a 15.1-year absolute triple-net (NNN) lease, offering zero landlord responsibilities. Built in 2024, this strategically located asset sits on a 1.58-acre lot within an industrial hub, close to numerous auto dealerships and service centers, including major brands like Mercedes, BMW, and Toyota. The lease features a significant 10% rent increase every five years, ensuring consistent income growth. The property benefits from a strong corporate guarantee from Caliber Collision, a company backed by Hellman & Friedman, a private equity firm managing over $25 billion in assets. With a 6.35% cap rate and a substantial net operating income (NOI) of $365,897, this property offers a compelling return on investment. The location is further enhanced by its proximity to Midland International Air & Space Port and a high average household income exceeding $144,000 within a 5-mile radius. The property also qualifies for tax savings through accelerated depreciation and cost segregation. This is a rare opportunity to acquire a high-performing, long-term net lease property in a thriving Texas market. The asking price is $5,762,157, with a price per square foot of $327.62. The lease expires on December 31, 2039.

Highlights

  • $5,762,157 asking price for a 17,588 SF Class A retail property.
  • Absolute NNN net lease with a corporate guarantee from Caliber Collision, the nation's largest collision repair provider.
  • 15.1 years remaining on the lease, expiring 12/31/2039, with 10% rent bumps every 5 years.
  • 6.35% cap rate and $365,897 NOI.
  • Located in Midland, TX, on a 1.58-acre lot, built in 2024.
  • Situated near numerous auto dealerships and service centers in an industrial hub.

Property Details for 11120 Tx-191

Property type
Other retail properties, Individual retail properties
Square Feet
17,588 SF
Class
A
Year Built
2024
Lot Size (sq. ft)
68,825 SF

Location Insight

City
Midland
County
Midland
State
Texas
Latitude
31.974165
Longitude
-102.250697
11120 Tx-191, Midland, Texas

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11120 Tx-191
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