Corporate Guaranty from Classic Collision (300+ location operator)
– Classic Collision is the 4th largest collision center operator nationally growing through build-to-suit and MSO acquisitions nationwide
– TPG Capital (NASDAQ: TPG) acquired Classic Collision from New Mountain Capital in 2024 https://shareholders.tpg.com/news-releases/news-release-details/tpg-agrees-acquire-classic-collision
– TPG Capital is the U.S. and European private equity platform of TPG ($303B in AUM). TPG was created in 1992 and is a leading global alternative asset manager.
Attractive Rent Increases, Minimal Landlord Responsibilities, and Long Lease Term
– 11% rental increase in 4 years (Year 6) with 2% annual rental increases each year after
– Landlord is responsible for repair or replacement of roof, structure, parking lot (over $5,000 during a rolling 48-month period), Bioswale
– 8+ years of base term remaining with 3, 5-year tenant options
Vancouver, WA MSA – Northern Suburb in an Income Tax Free State
– 0.3 miles from “Main & Main” in Battle Ground, WA
– Frontage and access to W Main St with 24,073 CPD
– 5.6% annual population growth in the MSA
Historical Occupancy and Lack of Competition
– Classic Collision acquired Elite Collision in Feb of 2025
– Elite Collision operated at this location from 2003 to 2025 (22 years)
– Only “Big 5” corporate collision center in town with the nearest facility over 7 miles away
