Single Tenant Caliber Collision

Forged Real Estate is pleased to exclusively offer the opportunity to acquire the fee simple interest in a single tenant property leased to Caliber Collision, (the “Property”) in Salisbury, MD, the county seat of Wicomico County, Maryland. Caliber Collision just commenced their brand new, corporately guaranteed, fifteen (15) year lease on January 1, 2024. Caliber Collision operates on a double-net (NN) lease that features ten percent (10%) rental increases every five (5) years including in their two (2), five (5) year option periods. Caliber Collision's brand new roof includes a 20-year, transferable warranty. Additionally, the parking lot has recently been restriped. Caliber Collision will sit as an outparcel to The Centre at Salisbury, an 862,000 square foot super regional mall that sits just off the intersection of two major thoroughfares in the area; U.S. Route 50 (Salisbury Bypass) and U.S. Route 13 (N Salisbury Blvd). The two thoroughfares combine for over 70,000 VPD. The population within one (1) mile of the property increased a dramatic 37% between 2010 and 2023 and is projected to increase another 13% between 2023 and 2028. Caliber Collision is the nation's largest auto collision repair providers with approximately 1,600 locations in 40 States and growing. They operate under four main divisions including Caliber Collision, Caliber Auto Care, Caliber Auto Glass and Caliber Fleet Solutions. In 2021, Caliber was awarded one of America’s Best Large Employers according to Forbes magazine. They also earned the gold medal in the Extra-Large Company category of the Inc. Best in Business award, the only auto services provider to make the list.