OFFERING SUMMARY:

1274 Central Park Drive
O’Fallon, IL 62269

PRICE: $3,214,000
CAP RATE: 7.50%
NOI: $240,984
BUILDING SIZE: 17,500 Sq Ft
YEAR BUILT | RENOVATED: 1999 | 2019
LOT SIZE: +/- 2.47 Acres

DOWNLOAD DOCUMENT:

MARKETING PACKAGE

HIGHLIGHTS:

  • Corporate Guaranty from Caliber Collision (1,700+ Locations) – Caliber Collision is the nation’s largest collision repair provider with 1,700+
    I-CAR Gold Class Professional certified collision repair centers across 41 states. With 2022 revenues exceeding $5.7 Billion, Caliber Collision corporately guarantees this lease behind a strong private equity backing from majority owner, Hellman & Friedman ($25 Billion of total assets under management). Caliber Collision was recently upgraded by Moody’s Credit Rating to a “B2” rating and has a Standard & Poor’s “B” Rating.
  • Early 5-Year Lease Extension – Showing commitment to the site, Caliber just extended their lease early for an additional, 5-year term. Caliber had an original, 10-year lease and has one, five-year option remaining. The lease features 6.50% rental increases every five years, with the next to occur in the next option period.
  • Dense and Highly Trafficked Corridor – The property is positioned just off of the interstate, with Central Park Dr seeing daily traffic counts
    exceeding 24k VPD. The area is densely populated with 102k people residing within a 5-mile radius and 232k people residing within a 10-mile radius. The location sits between two of the area’s largest shopping malls. Less than a mile to the north, is the Lincoln Crossing featuring a tenant lineup including: Walmart Supercenter, Home Depot, Sam’s Club, Academy Sports, PetSmart, McDonald’s and more. Less than a mile to the south, is the Green Mount Crossing with more national retailers including Target, Dierbergs Markets, Ashley’s, Michael’s, Panera, Starbucks, and more.
  • Strategically Positioned within Automotive Corridor – The property is situated right in the middle of the market’s largest automotive corridor, featuring many tenants and businesses that supplement the operations of Caliber Collision. Immediately surrounding the property are a number of automotive dealers including: Newbold BMW, Newbold Toyota, Sierra Honda, CarMax, Auffenberg Ford, Auffenberg Hyundai, Auffenberg Nissan, Gateway Classic Cars, Jack Schmitt Chevrolet, Jack Schmitt Auto World, etc. Outside of the heavy dealership presence, there are a handful of other automotive tenant’s including: Discount Tire, Club Car Wash, Dobbs Tire, Schaefer’s Auto, Sparkle Express Car Wash and more.

EXCLUSIVELY LISTED BY:

DOMINIC SULO
Senior Managing Director Investments
Senior Director, Net Lease Properties Division
(630) 570-2171
dominic.sulo@marcusmillichap.com

DREW ANTONIOU
Senior Associate
(630) 570-2185
drew.antoniou@marcusmillichap.com

ILLINOIS BOR
Steven Weinstock
Lic #471.011175