OFFERING MEMORANDUM 10 Property Portfolio Located throughout Southwest Lee & Associates Naples-Ft. Myers 6300 Techster Blvd Suite 1 Fort Myers, 33966 @lee-associates.com
CALIBER COLLISION SYNOPSIS Caliber Collision was founded in 1997 in southern California and is now based in Lewisville, Texas. The company began an expansion plan within the - retrained staff are critical to increasing insurance company referrals which are the lifeblood of the industry. Insurance companies want repair shops to handle work with minimum hassle to the insurer and are looking for Caliber repair shops to self-manage to their specs so that the insurance companies can reduce their overhead by not checking up on every car repair. Caliber Collision has earned the trust and respect of the major auto insurers nation- and growing! Guarantor on all leases) is the holding company of the 16 subsidiaries listed below: Arizona, Inc. Colorado, Inc. DC, Inc. Delaware,, Inc.---------LESSEE on all 10 Properties in this portfolio Georgia, Inc. Maryland, Inc. Nevada, Inc. New Jersey, New Mexico, Inc. North Carolina, Inc. Oklahoma, Inc. Pennsylvania, South Carolina, Inc. Virginia, Inc. West Virginia, - http://www.omers.com/pdf/2015-omers-annual-report.pdf Lee & Associates Naples-Ft. Myers 6300 Techster Blvd Suite 1 Fort Myers, 33966 @lee-associates.com
10 PROPERTY OVERVIEW # Address City State Landlord Tenant To Options Annual base Rent 1* 1119 S US HWY 301 1121, 10 years $171,000 2 1121 S US HWY 301 1121, 15 years 4/1/2015 3/31/2024 $210,000 3 1527 & 1529 Cattle- Sarasota 1527, 2/1/2015 1/31/2025 210,000 4 902 Del Prado Blvd. Del Prado Viscaya, 48,000 6 1432 Viscaya Pkwy. 1432, 5 1270 Viscaya Pkwy. 9/20/2014 9/19/2024 7 2131 Andrea Ln. Ft. Myers 2131, 12/1/2014 11/30/2024 8 508 Sunshine Blvd. Lehigh Acres 508, 126,000 9* 24901 Old US 41 Bonita Springs 2131, 15 Years 246,000 10 1229 & 1231 Airport Pulling Rd. Naples 1231, 4/1/2016 3/31/2026 TOTAL $1,683,000 Lee & Associates Naples-Ft. Myers 6300 Techster Blvd Suite 1 Fort Myers, 33966 @lee-associates.com Page 3
CALIBER COLLISION INVESTMENT OPPORTUNITY erties are located along the West Coast of from Tampa down to Naples. All 10 locations are strategically located along busy roadways, many at intersections. The 10 leases are with, Inc. a Delware corporation. All properties are 10 strategically located repair centers along the west coast of from Tampa to Naples Long Term Market growth in SW continues to be robust Lee & Associates Naples-Ft. Myers 6300 Techster Blvd Suite 1 Fort Myers, 33966 @lee-associates.com Page 4
TABLE OF CONTENTS Portfolio Financial Overview... 7 Individual Financial Overviews... 8 Tenant Overview... 9-10 Location Map... 3D Aerial Map... 13 Property Photos... 14 Property Breakdowns... Lee & Associates Naples-Ft. Myers 6300 Techster Blvd Suite 1 Fort Myers, 33966 @lee-associates.com
SECTION I Portfolio Financial Overview Individual Financial Overviews Tenant Overview
PORTFOLIO FINANCIAL OVERVIEW 10 PROPERTY PORTFOLIO: Througout Available as a Portfolio Price Cap Rate NOI: Total Buildings SF 190,000 SF Type of Ownership Fee Simple Lease Type Options Increases Lee & Associates Naples-Ft. Myers 6300 Techster Blvd Suite 1 Fort Myers, 33966 @lee-associates.com Page 7
INDIVIDUAL FINANCIAL OVERVIEWS 1. 1119 S US HWY 301 TAMPA, * Building SF: Lot Size: 3.07Acres Lease Expiration: 2.1121 S US HWY 301 TAMPA, Lot Size: 1.77 Acres 3. 1527 CATTLEMEN RD SARASOTA, Lot Size: 1.39 Acres 4. 902 DEL PRADO BLVD CAPE CORAL, Lot Size:.74 Acres 4 5. 1432 VISCAYA PKWY CAPE CORAL, Lot Size:.90 Acres 6. 1270 VISCAYA PKWY CAPE CORAL, 4 7. 2131 ANDREA LANE FORT MYERS, 4 8. 508 SUNSHINE BLVD LEHIGH ACRES, Lot Size: 1.33 Acres 9. 24901 US 41 BONITA SPRINGS, * Building SF: 17,060 SF Lot Size: 3.77 Acres Lease Expiration: 10. 1229 & 1231 AIRPORT PULLING RD NAPLES, Lee & Associates Naples-Ft. Myers 6300 Techster Blvd Suite 1 Fort Myers, 33966 @lee-associates.com Page 8
TENANT OVERVIEW Ownership Private Tenant Trade Name Caliber Collison Tenant Type Body Repair Shop Lessee Caliber bodyworks, INC. Number of Locations 430+ Website www.calibercollision.com A Quick Look At Caliber Collision Founded in 1997, Caliber Collision provides auto body repairs to customers across 16 states and over 430+ locations, with over 3,800 employees. They are the largest non-franchised collision repair center operator in the nation and consistently rank as - estimates and the promise of an on-time delivery are some of the differences that leled collision repair. Caliber Collision has undergone rapid recent growth through dition to 34 insurance carriers which include AAA, GEICO, Farmers, Liberty Mutual, Allstate, and USAA. IN THE NEWS May 26, 2016 A Caliber Collision executive said Wednesday that the company has plans to grow to more than 1,500 shops worldwide, 20,000 suppliers and more than $6 billion in total revenue by 2020, acording to a report from U.K.-based bodyshop magazine. Speaking at the International Body Shop Industry Symposium (IBIS) Global Sumit 2016 in Barcelona, Caliber s David Smith, vice president of supply chain/procurement, made the predictions as part of an overall discussion at the Summit from Smith mirror what was reported in FenderBender s March cover story, Inside the Big 4, and highlight what FenderBender described as an increased focus on the U.S. market s Big 4 consolidators to increase their respective market share. It also could signal what a number of sources predicted in that March story: a merger or acquisition of a Big 4 repairer. At the end of 2015, the Big 4 represented a 12 percent market share of the collision repair industry, with total work exceeding $4 billion. Total industry revenue in 2015 was $33 billion in the U.S. We not only operate at a high level, but we do it on a large scale. That takes a lot of commitment from our teammates but, more importantly, from our partners. We need their help, Smith said, according to the bodyshop report. Growth through acquisitions of mid-sized and large MSOs has slowed in recent years, as fewer remain. Romans predicts that acquisitions of smaller MSOs will come into play much more in 2016 due to fewer 20-plus MSOs available to purchase. -www.fenderbender.com Lee & Associates Naples-Ft. Myers 6300 Techster Blvd Suite 1 Fort Myers, 33966 @lee-associates.com Page 9
TENANT OVERVIEW More about Caliber Collision Caliber Collision has throughout its time in buisness used their ability to purchase surrounding privately owned body shops to expand two years, Caliber Collision has through the buy-out of privately is now the largest collision repair company in the United States. Through doing so Caliber Collision has increased the range of services to include, Online Estimates On-Site Car Rentals Towing Services Paintless Dent Repair Auto Glass Repair Insurance partners Lifetime warrantee reach of auto body repair facilities throughout the Lee & Associates Naples-Ft. Myers 6300 Techster Blvd Suite 1 Fort Myers, 33966 @lee-associates.com Page 10
SECTION II Location Map 3D Aerial Map All Property Photos Property Breakdowns
LOCATIONS MAP 1 2 3 4 5 6 7 8 9 10 Lee & Associates Naples-Ft. Myers 6300 Techster Blvd Suite 1 Fort Myers, 33966 @lee-associates.com
3D AERIAL MAP Page 13
ALL PROPERTIES 1* 2 3 4 5 6 7 8 9* 10 Lee & Associates Naples-Ft. Myers 6300 Techster Blvd Suite 1 Fort Myers, 33966 @lee-associates.com Page 14
PROPERTY 1 # Address City State Landlord Tenant To Options Annual base Rent 1* 1119 S US HWY 301 1121, 10 years $171,000 2 1121 S US HWY 301 1121, 15 years 4/1/2015 3/31/2024 $210,000 3 1527 & 1529 Cattle- Sarasota 1527, 2/1/2015 1/31/2025 210,000 4 902 Del Prado Blvd. Del Prado Viscaya, 48,000 5 1432 Viscaya Pkwy. 1432, 6 1270 Viscaya Pkwy. 9/20/2014 9/19/2024 7 2131 Andrea Ln. Ft. Myers 2131, 12/1/2014 11/30/2024 8 508 Sunshine Blvd. Lehigh Acres 508, 126,000 9* 24901 Old US 41 Bonita Springs 2131, 15 Years 246,000 10 1229 & 1231 Airport Pulling Rd. Naples 1231, 4/1/2016 3/31/2026 Lee & Associates Naples-Ft. Myers 6300 Techster Blvd Suite 1 Fort Myers, 33966 @lee-associates.com
PROPERTY 1 AERIAL Lot Aerial Lot Size: 3.07 Acres Building Size: NOI: Page 16
PROPERTY 2 # Address City State Landlord Tenant To Options Annual base Rent 1* 1119 S US HWY 301 1121, 10 years $171,000 2 1121 S US HWY 301 1121, 15 years 4/1/2015 3/31/2024 $210,000 3 1527 & 1529 Cattle- Sarasota 1527, 2/1/2015 1/31/2025 210,000 4 902 Del Prado Blvd. Del Prado Viscaya, 48,000 5 1432 Viscaya Pkwy. 1432, 6 1270 Viscaya Pkwy. 9/20/2014 9/19/2024 7 2131 Andrea Ln. Ft. Myers 2131, 12/1/2014 11/30/2024 8 508 Sunshine Blvd. Lehigh Acres 508, 126,000 9* 24901 Old US 41 Bonita Springs 2131, 15 Years 246,000 10 1229 & 1231 Airport Pulling Rd. Naples 1231, 4/1/2016 3/31/2026 Lee & Associates Naples-Ft. Myers 6300 Techster Blvd Suite 1 Fort Myers, 33966 @lee-associates.com Page 17
PROPERTY 2 AERIAL Lot Aerial Lot Size: 1.77 Acres Building Size: NOI: Page 18
PROPERTY 3 # Address City State Landlord Tenant To Options Annual base Rent 1* 1119 S US HWY 301 1121, 10 years $171,000 2 1121 S US HWY 301 1121, 15 years 4/1/2015 3/31/2024 $210,000 3 1527 & 1529 Cattle- Sarasota 1527, 2/1/2015 1/31/2025 210,000 4 902 Del Prado Blvd. Del Prado Viscaya, 48,000 5 1432 Viscaya Pkwy. 1432, 6 1270 Viscaya Pkwy. 9/20/2014 9/19/2024 7 2131 Andrea Ln. Ft. Myers 2131, 12/1/2014 11/30/2024 8 508 Sunshine Blvd. Lehigh Acres 508, 126,000 9* 24901 Old US 41 Bonita Springs 2131, 15 Years 246,000 10 1229 & 1231 Airport Pulling Rd. Naples 1231, 4/1/2016 3/31/2026 Lee & Associates Naples-Ft. Myers 6300 Techster Blvd Suite 1 Fort Myers, 33966 @lee-associates.com Page 19
PROPERTY 3 AERIAL Lot Aerial Lot Size: 1.39 Acres Building Size: NOI:
PROPERTY 4 # Address City State Landlord Tenant To Options Annual base Rent 1* 1119 S US HWY 301 1121, 10 years $171,000 2 1121 S US HWY 301 1121, 15 years 4/1/2015 3/31/2024 $210,000 3 1527 & 1529 Cattle- Sarasota 1527, 2/1/2015 1/31/2025 210,000 4 902 Del Prado Blvd. Del Prado Viscaya, 48,000 5 1432 Viscaya Pkwy. 1432, 6 1270 Viscaya Pkwy. 9/20/2014 9/19/2024 7 2131 Andrea Ln. Ft. Myers 2131, 12/1/2014 11/30/2024 8 508 Sunshine Blvd. Lehigh Acres 508, 126,000 9* 24901 Old US 41 Bonita Springs 2131, 15 Years 246,000 10 1229 & 1231 Airport Pulling Rd. Naples 1231, 4/1/2016 3/31/2026 Lee & Associates Naples-Ft. Myers 6300 Techster Blvd Suite 1 Fort Myers, 33966 @lee-associates.com
PROPERTY 4 AERIAL Lot Aerial Lot Size:.74 Acres Building Size: NOI:
PROPERTY 5 # Address City State Landlord Tenant To Options Annual base Rent 1* 1119 S US HWY 301 1121, 10 years $171,000 2 1121 S US HWY 301 1121, 15 years 4/1/2015 3/31/2024 $210,000 3 1527 & 1529 Cattle- Sarasota 1527, 2/1/2015 1/31/2025 210,000 4 902 Del Prado Blvd. Del Prado Viscaya, 48,000 5 1432 Viscaya Pkwy. 1432, 6 1270 Viscaya Pkwy. 9/20/2014 9/19/2024 7 2131 Andrea Ln. Ft. Myers 2131, 12/1/2014 11/30/2024 8 508 Sunshine Blvd. Lehigh Acres 508, 126,000 9* 24901 Old US 41 Bonita Springs 2131, 15 Years 246,000 10 1229 & 1231 Airport Pulling Rd. Naples 1231, 4/1/2016 3/31/2026 Lee & Associates Naples-Ft. Myers 6300 Techster Blvd Suite 1 Fort Myers, 33966 @lee-associates.com
PROPERTY 5 AERIAL Lot Aerial Lot Size:.90 Acres Building Size: NOI:
PROPERTY 6 # Address City State Landlord Tenant To Options Annual base Rent 1* 1119 S US HWY 301 1121, 10 years $171,000 2 1121 S US HWY 301 1121, 15 years 4/1/2015 3/31/2024 $210,000 3 1527 & 1529 Cattle- Sarasota 1527, 2/1/2015 1/31/2025 210,000 4 902 Del Prado Blvd. Del Prado Viscaya, 48,000 5 1432 Viscaya Pkwy. 1432, 6 1270 Viscaya Pkwy. 9/20/2014 9/19/2024 7 2131 Andrea Ln. Ft. Myers 2131, 12/1/2014 11/30/2024 8 508 Sunshine Blvd. Lehigh Acres 508, 126,000 9* 24901 Old US 41 Bonita Springs 2131, 15 Years 246,000 10 1229 & 1231 Airport Pulling Rd. Naples 1231, 4/1/2016 3/31/2026 Lee & Associates Naples-Ft. Myers 6300 Techster Blvd Suite 1 Fort Myers, 33966 @lee-associates.com
PROPERTY 6 AERIAL Lot Aerial Lot Size: Building Size: NOI:
PROPERTY 7 # Address City State Landlord Tenant To Options Annual base Rent 1* 1119 S US HWY 301 1121, 10 years $171,000 2 1121 S US HWY 301 1121, 15 years 4/1/2015 3/31/2024 $210,000 3 1527 & 1529 Cattle- Sarasota 1527, 2/1/2015 1/31/2025 210,000 4 902 Del Prado Blvd. Del Prado Viscaya, 48,000 5 1432 Viscaya Pkwy. 1432, 6 1270 Viscaya Pkwy. 9/20/2014 9/19/2024 7 2131 Andrea Ln. Ft. Myers 2131, 12/1/2014 11/30/2024 8 508 Sunshine Blvd. Lehigh Acres 508, 126,000 9* 24901 Old US 41 Bonita Springs 2131, 15 Years 246,000 10 1229 & 1231 Airport Pulling Rd. Naples 1231, 4/1/2016 3/31/2026 Lee & Associates Naples-Ft. Myers 6300 Techster Blvd Suite 1 Fort Myers, 33966 @lee-associates.com
PROPERTY 7 AERIAL Lot Aerial Lot Size: Building Size: NOI:
PROPERTY 8 # Address City State Landlord Tenant To Options Annual base Rent 1* 1119 S US HWY 301 1121, 10 years $171,000 2 1121 S US HWY 301 1121, 15 years 4/1/2015 3/31/2024 $210,000 3 1527 & 1529 Cattle- Sarasota 1527, 2/1/2015 1/31/2025 210,000 4 902 Del Prado Blvd. Del Prado Viscaya, 48,000 5 1432 Viscaya Pkwy. 1432, 6 1270 Viscaya Pkwy. 9/20/2014 9/19/2024 7 2131 Andrea Ln. Ft. Myers 2131, 12/1/2014 11/30/2024 8 508 Sunshine Blvd. Lehigh Acres 508, 126,000 9* 24901 Old US 41 Bonita Springs 2131, 15 Years 246,000 10 1229 & 1231 Airport Pulling Rd. Naples 1231, 4/1/2016 3/31/2026 Lee & Associates Naples-Ft. Myers 6300 Techster Blvd Suite 1 Fort Myers, 33966 @lee-associates.com
PROPERTY 8 AERIAL Lot Aerial Lot Size: 1.33 Acres Building Size: NOI: Page 30
PROPERTY 9 # Address City State Landlord Tenant To Options Annual base Rent 1* 1119 S US HWY 301 1121, 10 years $171,000 2 1121 S US HWY 301 1121, 15 years 4/1/2015 3/31/2024 $210,000 3 1527 & 1529 Cattle- Sarasota 1527, 2/1/2015 1/31/2025 210,000 4 902 Del Prado Blvd. Del Prado Viscaya, 48,000 5 1432 Viscaya Pkwy. 1432, 6 1270 Viscaya Pkwy. 9/20/2014 9/19/2024 7 2131 Andrea Ln. Ft. Myers 2131, 12/1/2014 11/30/2024 8 508 Sunshine Blvd. Lehigh Acres 508, 126,000 9* 24901 Old US 41 Bonita Springs 2131, 15 Years 246,000 10 1229 & 1231 Airport Pulling Rd. Naples 1231, 4/1/2016 3/31/2026 Lee & Associates Naples-Ft. Myers 6300 Techster Blvd Suite 1 Fort Myers, 33966 @lee-associates.com Page 31
PROPERTY 9 Aerial Lot Aerial Lot Size: 3.77 Acres Building Size: 17,060 SF NOI:
PROPERTY 10 # Address City State Landlord Tenant To Options Annual base Rent 1* 1119 S US HWY 301 1121, 10 years $171,000 2 1121 S US HWY 301 1121, 15 years 4/1/2015 3/31/2024 $210,000 3 1527 & 1529 Cattle- Sarasota 1527, 2/1/2015 1/31/2025 210,000 4 902 Del Prado Blvd. Del Prado Viscaya, 48,000 5 1432 Viscaya Pkwy. 1432, 6 1270 Viscaya Pkwy. 9/20/2014 9/19/2024 7 2131 Andrea Ln. Ft. Myers 2131, 12/1/2014 11/30/2024 8 508 Sunshine Blvd. Lehigh Acres 508, 126,000 9* 24901 Old US 41 Bonita Springs 2131, 15 Years 246,000 10 1229 & 1231 Airport Pulling Rd. Naples 1231, 4/1/2016 3/31/2026 Lee & Associates Naples-Ft. Myers 6300 Techster Blvd Suite 1 Fort Myers, 33966 @lee-associates.com Page 33
PROPERTY 10 AERIAL Lot Aerial Lot Size: Building Size: NOI: Page 34
OFFERING MEMORANDUM Presented By: Bob Johnston, SIOR Principal bjohnston@lee-associates.com Jerry Messonnier, SIOR Principal jmessionnier@lee-associates.com Derek L. Bornhorst, CCIM Senior Vice President dbornhorst@lee-associates.com Lee & Associates Naples-Ft. Myers 6300 Techster Blvd Suite 1 Fort Myers, 33966 @lee-associates.com
OFFERING MEMORANDUM AND DISCLAIMER curacy of the information contained in this Offering Memorandum. Neither the enclosed materals nor any information contained herein is to be used for any other purpose or made available to any other person without the express written consent of the Seller. Seller reserves the right, at its sole and absolute discretion, to withdraw the Properties from the market 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 of- 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 inves- waived. Additional information available to registered buyers only. Upon completion of registration, Buyer will be provided access to property rent roll, leases, expenses, zoning information, etc. via Dropbox. Lee & Associates Naples-Ft. Myers 6300 Techster Blvd Suite 1 Fort Myers, 33966 @lee-associates.com Page 36
NET LEASED DISCLAIMER Lee & Associates hereby advises all prospective purchasers of Net Leased property as follows: The information contained in this Marketing Brochure & Associates conducted any investigation regarding these matters. Lee & Associates makes no guarantee, warranty or representation whatsoever your thorough due diligence investigation of this investment opportunity. Lee & Associates expressly denies any obligation to conduct a due diligence examination of this Property for Buyer. Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. The value of a net leased property to you depends on factors that should be evalu- independent investigation of any net leased property to determine to your satisfaction with the suitability of the property for your needs. consideration, it is not a guarantee of future success. Similarly, the lease rate for some properties, including newly-constructed facilities or newly- Returns are not guaranteed; the tenant and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other material and the value of any long-term lease, including the likelihood of locating a replacement tenant if the current tenant should default or abandon the property, and the lease terms that Buyer may be able to negotiate with a potential replacement tenant considering the location of the property, and Lee & Associates Naples-Ft. Myers 6300 Techster Blvd Suite 1 Fort Myers, 33966 @lee-associates.com Page 37
Brought to you by: For any additional Information, please contact: Jerry Messonnier, SIOR Principal jmessionnier@lee-associates.com 6300 Techster Blvd. Ste. 1 Ft. Myers, 33966