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214.675.0175

MATTHEW SCOW

[email protected]

BOB MOORHEAD

[email protected]

JOE CAPUTO

[email protected]

EXCLUSIVE OFFERING | $7,505,000 – 6.50% CAP

Caliber collision

1509 Skibo Rd, Fayetteville, NC

Property. 2016 Construction. 8,176+ SF of building area on 2.89+ acre site.

Tenant. Caliber Collision: Founded in 1997, 3,700 employees, headquarters in Lewisville, TX. Company has 300+ locations in 14 States and serves 200,000+

Customers annually. Largest non-franchised collision repair operator in the U.S. and the only 2013 USAA Supplier Excellence Award recipient

Lease structure. Brand new, 15-year absolute NNN lease with 2, 5-year options. 10% rent bumps every 5-years during primary term and option periods.

Location. The subject property is located at the intersection of Skibo Rd (29,739 Cars / Day) and Legend Ave. The property boast great visibility from Skibo Rd,

a main thoroughfare that serves Fayetteville. The site is located near multiple dealerships including Cadillac, Hendrick Chrysler & Jeep, Crown Dodge, and

CarMax. The property is also surrounded by national credit tenants including Walmart, Sam’s, ToysRus, Hobby Lobby, Office Depot, OfficeMax, Jo-Ann Fabrics,

Lowes, Pier1, Great Clips, Chipotle, Panera, McDonald’s, Sonic, and many more.

REPRESENTATIVE PHOTO

Table of contents | Disclaimer Caliber collision


Trivanta (“Agent”) has been engaged as an agent for the sale of the property located at

1509 Skibo Rd, Fayetteville, NC by the owner of the Property (“Seller”). The Property is

being offered for sale in an “as-is, where-is” condition and Seller and Agent make no

representations or warranties as to the accuracy of the information contained in this

Offering Memorandum. The enclosed materials include highly confidential information and

are being furnished solely for the purpose of review by prospective purchasers of the

interest described herein. The enclosed materials are being provided solely to facilitate the

prospective investor’s own due diligence for which it shall be fully and solely responsible.

The material contained herein is based on information and sources deemed to be reliable,

but no representation or warranty, express or implied, is being made by Agent or Seller or

any of their respective representatives, affiliates, officers, employees, shareholders,

partners and directors, as to the accuracy or completeness of the information contained

herein. Summaries contained herein of any legal or other documents are not intended to be

comprehensive statements of the terms of such documents, but rather only outlines of

some of the principal provisions contained therein. Neither the Agent nor the Seller shall

have any liability whatsoever for the accuracy or completeness of the information contained

herein or any other written or oral communication or information transmitted or made

available or any action taken or decision made by the recipient with respect to the Property.

Interested parties are to make their own investigations, projections and conclusions without

reliance upon the material contained herein. Seller reserves the right, at its sole and

absolute discretion, to withdraw the Property from being marketed for sale at any time and

for any reason. Seller and Agent each expressly reserves the right, at their sole and

absolute discretion, to reject any and all expressions of interest or offers regarding the

Property and/or to terminate discussions with any entity at any time, with or without notice.

This offering is made subject to omissions, correction of errors, change of price or other

terms, prior sale or withdrawal from the market without notice. Agent is not authorized to

make any representations or agreements on behalf of Seller. Seller shall have no legal

commitment or obligation to any interested party reviewing the enclosed materials,

performing additional investigation and/or making an offer to purchase the Property unless

and until a binding written agreement for the purchase of the Property has been fully

executed, delivered, and approved by Seller and any conditions to Seller’s obligations

hereunder have been satisfied or waived. By taking possession of and reviewing the

information contained herein, the recipient agrees that (a) the enclosed materials and their

contents are of a highly confidential nature and will be held and treated in the strictest

confidence and shall be returned to Agent or Seller promptly upon request; and (b) the

recipient shall not contact employees or tenants of the Property directly or indirectly

regarding any aspect of the enclosed materials or the Property without the prior written

approval of the Seller or Agent; and (c) no portion of the enclosed materials may be copied

or otherwise reproduced without the prior written authorization of Seller and Agent.

PAGE 3: INVESTMENT | TENANT | LEASE OVERVIEW

PAGE 1: COVER

PAGE 2: TABLE OF CONTENTS | DISCLAIMER

PAGE 10: DEMOGRAPHICS

PAGE 7: LOCATION OVERVIEW

PAGE 8-9: LOCATION MAPS

Disclaimer

PAGE 4-5: AERIAL PHOTO

PAGE 6: SITE PLAN

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Listed in association with NORTH CAROLINA broker of record: Bell Commercial Inc. | North Carolina Real Estate License #225670

Investment overviewCaliber collision


SUBJECT PROPERTY PRIOR TO PANDA EXPRESS EXPANSION

PRICE: $7,505,000

CAP RATE: 6.50%

NET OPERATING INCOME: $487,811

TOTAL BUILDING AREA: 18,176+ Square Feet

LAND AREA: 2.89+ Acres

YEAR BUILT: 2016

OWNERSHIP: Fee Simple Interest

OCCUPANCY: 100%

Lease Expiration: February 2031

Rent Commencement: February 2016

Initial Lease Term: 15-Years, Plus 2, 5-Year Options to Renew

Rent Increases: 10% in Primary Term and Option Periods.

Year 1-5 Annual Rent (Current): $487,811

Lease Type: Absolute NNN

Year 6-10 Annual Rent: $536,592

Year 11-15 Annual Rent: $590,252

Year 16-20 Annual Rent (Option 1): $649,277

Lease overview

Year 21-25 Annual Rent (Option 2): $714,204

Right of First Offer: Yes

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CALIBER COLLISION | www.calibercollision.com

Founded in 1997, Caliber Collision provides auto body repairs to customers across 14 states and over 300+ locations, with over 3,700 employees. They

are the largest non-franchised collision repair center operator in the nation and consistently rank as having one of the highest customer satisfaction

scores in the industry. In 2011, Caliber Collision moved its company headquarters from Irvine, California to Lewisville, Texas (Dallas/Fort Worth). The

company provides state-of-the-art technology, a 24/7 Customer Service Center, frequent status updates on your car, fair and accurate estimates and the

promise of an on-time delivery are some of the differences that make Caliber the most direct route to your car’s complete recovery. Every year, over

200,000 people across the nation entrust their vehicles to Caliber for unparalleled collision repair. Caliber Collision has undergone rapid recent growth

through aggressively acquiring various local auto body repair shops. Caliber Collision has developed strategic partnerships with 57 car dealerships

throughout the U.S. in addition to 34 insurance carriers which include AAA, GEICO, Farmers, Liberty Mutual, Allstate, and USAA. Caliber Collision

Centers was the only company to receive the 2013 Supplier Excellence Award from USAA. According to the company, this award recognizes a supplier

that serves as a role model and goes above and beyond in delivery and performance for USAA and its members.

Tenant overviewCH HOLD CORP. dba Caliber Collision

Aerial photoCaliber collision


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Cross Creek

Mall

Fort Bragg – Located 6 miles NW

– 50,000 Active Duty Personnel

Aerial photoCaliber collision


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Cadillac

National Auto

Hendrick

Chrysler Jeep

Crown Dodge

Jim’s Gun

Center

Alger B Wilkins

High School

Candlewood

Suites

Fort Bragg Federal

Credit Union

PDQ

Cycle Gear

Site planCaliber collision


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Location overviewCaliber collision


IMMEDIATE TRADE AREA

The subject property is located at the intersection of Skibo Rd (29,739 Cars /

Day) and Legend Ave. The property boasts great visibility from Skibo Rd, a

main thoroughfare that serves Fayetteville. The site is located near multiple

dealerships including Cadillac, Hendrick Chrysler and Jeep, Crown Dodge, and

CarMax.

The property is also north of the Cross Creek Mall, a 1,000,000+ square foot

regional mall, that serves the Fayetteville area. Cross Creek Mall features four

department stores - Macy’s, JC Penney, Sears, and Belk - and more than 100

name-brand stores. Along with these community assets, the trade area is

home to a wide range of shopping options, from big box stores to downtown

businesses that offer more of a local flavor. The property is also surrounded by

national credit tenants including Walmart, Sam’s, ToysRus, Hobby Lobby,

Office Depot, OfficeMax, Jo-Ann Fabrics, Lowes, Pier1, Great Clips, Chipotle,

Panera, McDonald’s, Sonic, and many more.

FAYETTEVILLE – CUMBERLAND COUNTY, NC

Fayetteville is a city in Cumberland County, North Carolina. It is the county seat

of Cumberland County, and is best known as the home of Fort Bragg, a major

U.S. Army installation, where several military airborne units are stationed.

Subsequently the military personnel population and culture which has diffused

throughout the area has made the city The World's First Sanctuary for Military

Families. Fayetteville has received the prestigious All-America City Award from

the National Civic League three times. The population of the Fayetteville area,

which includes Fort Bragg and Pope Field, is just over 300,000, Fayetteville,

with over 203,000 residents. Fayetteville metropolitan area is the largest in

southeastern North Carolina, and the fifth-largest in the state.

The area's largest employers are: Fort Bragg, Cumberland County Schools,

Goodyear, Tire Company, Cape Fear Valley Health System, Cumberland

County Government, Purolator, and Fayetteville Technical Community College.

Two military installations are the backbone of the county's economy. Fort

Bragg and Pope Field pump about $4.5 billion a year into the region's

economy, making it one of the best retail markets in the country. Fayetteville

serves as the region's hub for shops, restaurants, services, lodging, health care

and entertainment.

The area is served by Fayetteville Regional Airport (FAY) with approximately

258,000 passenger departures annually and almost 6,400 scheduled flights

annually. Cumberland County is served by I-95, which is one of the busiest

north/south interstate corridors in the US.

Education and a commitment to research have long been a key part of life and

business in North Carolina, Fayetteville and Cumberland County. In addition to

North Carolina’s nationally known higher education institutions, such as North

Carolina State (Raleigh), Duke University (Durham), and University of North

Carolina (Pembroke), local employers can tap into education & training support

from their local postsecondary sources, Fayetteville State University, Methodist

University, and Fayetteville Technical Community College.

Fayetteville’s local workforce has higher-than-average educational attainment,

with a high number of degree holders in STEM disciplines, especially in

Biological & Biomedical Sciences, Computer and Informational Sciences, and

Mathematics and Statistics. The area’s K-12 school districts also have an

excellent reputation for developing a solid educational foundation.

FORT BRAGG

Fort Bragg was built as the first modern military base in the state in 1918. It is

one of the largest military installations in the world in terms of personnel.

Currently, more than 50,000 active duty personnel call Fort Bragg home. As

part of the Base Closure and Reassignment (BRAC) process, Fort Bragg

recently took command of Pope Field, formerly known as Pope Air Force Base.

The U.S. Army Forces Command and U.S. Army Reserve Command were

relocated to Fort Bragg as part of the BRAC process, which means that Fort

Bragg now has the most starred generals in the country outside of the

Pentagon.

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Location mapCaliber collision


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Location mapCaliber collision


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2015 Est. Labor Population Age 16 Years or Over 4,398 50,240 126,204

2015 Est. Civilian Employed 54.4% 47.8% 46.7%

2015 Est. Civilian Unemployed 4.5% 4.4% 4.8%

2015 Est. in Armed Forces 9.8% 12.5% 12.8%

2015 Est. not in Labor Force 31.3% 35.3% 35.7%

2015 Labor Force Males 48.7% 47.4% 47.5%

2015 Labor Force Females 51.3% 52.6% 52.5%

2010 Occupation: Population Age 16 Years or Over 2,193 21,173 51,726

2010 Mgmt, Business, & Financial Operations 12.4% 10.8% 10.0%

2010 Professional, Related 20.4% 24.0% 22.8%

2010 Service 21.9% 19.4% 21.6%

2010 Sales, Office 26.8% 27.2% 26.7%

2010 Farming, Fishing, Forestry 0.4% 0.6% 0.4%

2010 Construction, Extraction, Maintenance 6.5% 6.7% 6.6%

2010 Production, Transport, Material Moving 11.6% 11.4% 11.9%

2010 White Collar Workers 59.6% 61.9% 59.5%

2010 Blue Collar Workers 40.4% 38.1% 40.5%

2010 Drive to Work Alone 81.2% 84.1% 82.7%

2010 Drive to Work in Carpool 10.3% 9.8% 9.6%

2010 Travel to Work by Public Transportation 1.8% 1.1% 1.2%

2010 Drive to Work on Motorcycle - 0.1% 0.1%

2010 Walk or Bicycle to Work 2.1% 2.1% 2.7%

2010 Other Means 1.8% 0.8% 0.7%

2010 Work at Home 2.9% 2.0% 3.0%

2010 Travel to Work in 14 Minutes or Less 48.2% 38.3% 37.1%

2010 Travel to Work in 15 to 29 Minutes 39.5% 44.6% 45.6%

2010 Travel to Work in 30 to 59 Minutes 8.0% 13.8% 14.6%

2010 Travel to Work in 60 Minutes or More 4.3% 3.3% 2.6%

2010 Average Travel Time to Work 14.4 16.3 16.7

2015 Est. Total Household Expenditure $126 M $1.34 B $3.13 B

2015 Est. Apparel $4.37 M $46.4 M $108 M

2015 Est. Contributions, Gifts $8.38 M $85.5 M $195 M

2015 Est. Education, Reading $4.88 M $48.7 M $111 M

2015 Est. Entertainment $6.92 M $74.0 M $173 M

2015 Est. Food, Beverages, Tobacco $19.5 M $209 M $492 M

2015 Est. Furnishings, Equipment $4.13 M $44.4 M $103 M

2015 Est. Health Care, Insurance $11.4 M $121 M $284 M

2015 Est. Household Operations, Shelter, Utilities $39.2 M $416 M $972 M

2015 Est. Miscellaneous Expenses $1.89 M $20.2 M $47.4 M

2015 Est. Personal Care $1.63 M $17.4 M $40.8 M

2015 Est. Transportation $23.3 M $256 M $602 M

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1509 Skibo Rd1 mi radius 3 mi radius 5 mi radius

Fayetteville, NC 28303-3479

2015 Estimated Population 5,578 62,899 160,746

2020 Projected Population 6,238 70,472 179,916

2010 Census Population 5,010 56,776 145,761

2000 Census Population 4,895 57,651 150,112

Projected Annual Growth 2015 to 2020 2.4% 2.4% 2.4%

Historical Annual Growth 2000 to 2015 0.9% 0.6% 0.5%

2015 Estimated Households 2,593 27,798 67,369

2020 Projected Households 2,830 30,467 73,918

2010 Census Households 2,278 24,660 59,659

2000 Census Households 2,044 23,211 55,607

Projected Annual Growth 2015 to 2020 1.8% 1.9% 1.9%

Historical Annual Growth 2000 to 2015 1.8% 1.3% 1.4%

2015 Est. Population Under 10 Years 15.0% 13.5% 14.7%

2015 Est. Population 10 to 19 Years 11.4% 11.3% 12.1%





2015 Est. Population 75 Years or Over 4.1% 6.4% 5.7%

2015 Est. Median Age 29.8 34.0 33.0

2015 Est. Male Population 49.4% 48.3% 48.4%

2015 Est. Female Population 50.6% 51.7% 51.6%

2015 Est. Never Married 32.0% 31.2% 33.0%

2015 Est. Now Married 39.0% 40.4% 38.6%

2015 Est. Separated or Divorced 25.0% 22.2% 22.3%

2015 Est. Widowed 4.0% 6.2% 6.1%

2015 Est. HH Income $200,000 or More 4.4% 2.6% 1.7%

2015 Est. HH Income $150,000 to $199,999 4.3% 2.7% 2.3%

2015 Est. HH Income $100,000 to $149,999 9.3% 8.3% 7.8%

2015 Est. HH Income $75,000 to $99,999 4.8% 10.2% 9.8%

2015 Est. HH Income $50,000 to $74,999 12.4% 19.6% 19.7%

2015 Est. HH Income $35,000 to $49,999 14.1% 16.0% 18.0%

2015 Est. HH Income $25,000 to $34,999 14.5% 13.9% 13.8%

2015 Est. HH Income $15,000 to $24,999 17.4% 12.2% 12.2%

2015 Est. HH Income Under $15,000 18.8% 14.5% 14.6%

2015 Est. Average Household Income $59,233 $58,748 $55,308

2015 Est. Median Household Income $40,306 $47,418 $45,251

2015 Est. Per Capita Income $27,542 $26,006 $23,440

2015 Est. Total Businesses 467 3,071 7,367

2015 Est. Total Employees 5,763 32,657 81,912

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1509 Skibo Rd1 mi radius 3 mi radius 5 mi radius

Fayetteville, NC 28303-3479

DemographicsCaliber collision


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