The Boulder Group, a net leased investment brokerage firm, completed the sale of a single tenant net leased Caliber Collision property located at 1005 Corporate Drive in Mount Pleasant, Michigan for $3,473,377.
Caliber Collision has a 15-year, corporately guaranteed lease with zero landlord responsibilities and a transferrable roof warranty. This property features a newly renovated 15,800 sq ft automotive building situated on 2.11 acres.
The property is strategically positioned on Corporate Drive (14,000+VPD), directly across the street from a Meijer grocery store. It is situated just 2 miles north of Central Michigan University, which enrolls nearly 15,000 students. Other prominent retailers nearby include Home Depot, Harbor Freight Tools, Tractor Supply Co, Walgreens, Verizon, McDonald’s, Starbucks, Wendy’s, Taco Bell, Dairy Queen, Tim Horton’s, Culver’s, Applebee’s, and Bob Evans. The population within a 5-mile radius is 36,771, with an average household income of $72,013 within 5 miles.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the buyer in the transaction. The buyer is an Iowa corporation and the seller is a Delaware limited liability company.
Caliber Collision stands as the preeminent collision repair chain in the United States, distinguished by its unparalleled service and extensive network of over 1,700 locations. Renowned for its commitment to quality craftsmanship and customer satisfaction, Caliber Collision consistently delivers superior automotive repair solutions. With a focus on innovation and industry-leading expertise, Caliber Collision sets the standard for excellence in collision repair, providing peace of mind to countless customers nationwide.
“Caliber’s leading position within the collision sector attracted the buyer,” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman, Partner of The Boulder Group, added, “This location benefits from strong demographics and its proximity to a major public university.”
About The Boulder Group
The Boulder Group is a boutique investment real estate service firm specializing in single tenant net lease properties. The firm provides a full range of brokerage, advisory, and financing services nationwide to a substantial and diversified client base, which includes high net worth individuals, developers, REITs, partnerships and institutional investment funds. Founded in 1997, the firm has arranged the acquisition and disposition of over $9 billion of single tenant net lease real estate transactions. From 2013-2023, the firm was ranked in the top 10 companies in the nation for single tenant retail transactions by both Real Capital Analytics and CoStar. The Boulder Group is headquartered in suburban Chicago. www.bouldergroup.com
Media Contact
Company Name: The Boulder Group
Contact Person: Randy Blankstein
Email: Send Email
Phone: 8478816388
Address:3520 Lake Avenue Suite 203
City: Wilmette
State: Illinois
Country: United States
Website: https://www.bouldergroup.com/NNN-Properties-For-Sale.html