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Caliber Auto Care | SEQ US 75 & Forest Lane | Dallas, TX

11648 N Central Expressway, Dallas, Dallas County, TX 75243

Price:  Market


NOI:  $194,573


Cap Rate:  Market


Building Size:  6450


Occupancy:   Single-tenant (NNN)


Lot Size:  0.41


Debt:  Free & Clear


Please provide the below information to view this property's offering memorandum.






    PrincipalBroker

    Confidentiality And Conditions Agreement

    This will serve to confirm our agreement concerning certain material, data and information (the “Underwriting Package”) which Davidson Bogel Real Estate, L.L.C (“Listing Agent”) may make available to Prospective Purchaser for study in connection with a possible purchase by Prospective Purchaser of the Property.

    Listing Agent or Owner is prepared to furnish Prospective Purchaser with the Underwriting Materials in connection with discussions and negotiations concerning a possible transaction involving the Property only on the condition that Prospective Purchaser treat Underwriting Materials confidentially and confirm certain representations to Listing Agent. Therefore, as a prerequisite to Listing Agent’s furnishing to Prospective Purchaser the Underwriting Materials, Prospective Purchaser hereby represents and agrees to the following:

    1. The Underwriting Materials furnished to Prospective Purchaser will be used by Prospective Purchaser solely for evaluating a possible transaction exclusively for our own account, as principal in the transaction, and not as broker or agent for any other person. Therefore, Prospective Purchaser agrees to keep the Underwriting Materials strictly confidential for a period of 12 months; provided however that any such Underwriting Materials may be disclosed to Prospective Purchaser’s directors, officers or employees, as well as its counsel, accounting firms and financial institutions who need to know such information for the purpose of assisting with Prospective Purchaser’s possible purchase of the Property. Such directors, officers, lawyers, financial institutions and accountants shall be informed by Prospective Purchaser of the confidential nature of such information and shall be directed by Prospective Purchaser to hold such information in strict confidence and otherwise comply with the terms of this agreement. Prospective Purchaser shall be responsible for breach of this Agreement of such persons.

      Prospective Purchaser agrees not to copy or duplicate the Underwriting Materials and to return the Underwriting Materials to Listing Agent promptly if Prospective Purchaser decides to discontinue discussions, or if requested by Listing Agent or Owner.

    2. Although Listing Agent has endeavored to include in the Underwriting Materials information which Listing Agent believes to be relevant for the purpose of helping Prospective Purchaser in Prospective Purchaser’s evaluation of the Property for possible purchase, Prospective Purchaser understands and acknowledges that neither the Seller of the Property nor Listing Agent make any representation or warranty to Prospective Purchaser as to the accuracy or completeness of the Underwriting Materials. Prospective Purchaser agrees that Seller and Listing Agent shall not have any liability to Prospective Purchaser as a result of our use of the Underwriting Materials and it is understood that Prospective Purchaser is expected to perform and be responsible for such due diligence, investigations and inspections of the Property, including investigation of any environmental conditions, such as ADA (Americans with Disabilities Act), hazardous waste and flood zone as it deems necessary or desirable and as permitted by agreement with the Owner of the Property.
    3. Prospective Purchaser also warrants and represents that no broker or agent represents or will represent it in any possible transaction involving the Property. Prospective Purchaser is advised that Davidson Bogel Real Estate, L.L.C. is acting on behalf of Owner as exclusive agent in connection with the investment in this Property. Should the Prospective Purchaser elect to have representation by a Co-broker, Prospective Purchaser hereby agrees that any fees earned by or owed to Co-broker in connection with this transaction will be paid by the undersigned Prospective Purchaser, unless otherwise agreed to in writing by Davidson Bogel Real Estate, L.L.C., Prospective Purchaser and Co-broker. Prospective Purchaser agrees to indemnify and hold harmless Davidson Bogel Real Estate, L.L.C., Owner, their respective affiliates, successors and assigns, employees, officers and directors against and from any loss, liability or expense, including reasonable attorney’s fees, arising out of any claim or claims by Co-broker, finder or similar agent for commissions, fees or other compensation for bringing about any investment in the Property by Prospective Purchaser.
    4. Prospective Purchaser hereby acknowledges that Prospective Purchaser has been informed, both orally and by this written disclosure, that:
      1. Listing Agent through Cameron Deptula are acting as Agent(s) of the Seller of the Property, and
      2. Any information given by Prospective Purchaser to Listing Agent may be disclosed to the Seller.
    5. While Owner and/or Listing Agent may discuss the purchase and sale of the Property with Prospective Purchaser, either Owner or Listing Agent, in our sole and absolute discretion, may terminate discussions at any time and for any reason. Recipient acknowledges Owner has no obligation to discuss or agree to the sale of any of the Property. The discussions may be lengthy and complex, notwithstanding that we may reach one or more oral understandings or agreements on one or more issues we are discussing, neither of us shall be bound by any oral agreement of any kind and no rights, claims, obligations or liabilities of any kind, either express or implied, shall arise or exist in favor of or be binding upon either Owner or Listing Agent except to the extent expressly set out in a written agreement signed by both Owner and Listing Agent.

      THE OWNER EXPRESSLY RESERVES THE RIGHT AT ITS SOLE DISCRETION TO REJECT ANY OR ALL PROPOSALS OR EXPRESSIONS OF INTEREST IN THE PROPERTY AND TO TERMINATE DISCUSSIONS WITH ANY PARTY AT ANY TIME WITH OR WITHOUT NOTICE.

    6. Prospective Purchaser agrees not to contact the tenants, leasing brokers or Property management staff of the Property in connection with recipient’s review of the Confidential Information.
    7. THIS CONFIDENTIAL INFORMATION SHALL NOT BE DEEMED AS REPRESENTATION OF THE STATE OF AFFAIRS OF THE PROPERTY OR CONSTITUTE AN INDICATION THAT THERE HAS BEEN NO CHANGE IN THE BUSINESS OR AFFAIRS OF THE PROPERTY SINCE THE DATE OF PREPARATION OF THIS MEMORANDUM.
    8. This Agreement is for the benefit of Owner and may be enforced by Owner.
    9. Prospective Purchaser acknowledges that in the event Prospective Purchaser breaches any provision of this Agreement, or threatens or attempts to do so, Owner would be irreparably harmed. “Accordingly, you agree in advance to the granting of injunctive or other equitable relief in favor of Owner without proof of actual damages, in addition to other remedies available at law or in equity.
    10. This agreement will be in effect for a period of one (1) year of execution.

    If you do not wish to pursue negotiations leading to this acquisition, or if in the future you discontinue such negotiations, you agree to return all confidential information to Listing Agent. Otherwise, please agree below.

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    Contact us about this property  

    Highlights

    • ​Brand New 15-year Absolute Net Lease!!!
    • ​Corporate Guarantee from credit tenancy (S&P – B)
    • ​Recently renovated auto care facility – Scheduled to open March 7, 2022
    • ​Proven operators – Largest Collision Repair shop with $4 Billion in revenue (2021)
    • ​10.00% rent escalations every five years through both the primary and option terms – two (2) five-year extension options
    • ​Zero landlord responsibilities – perfect for passive and/or 1031 investors.
    • ​Texas is an income tax-free state and Property applicable for accelerated depreciation.
    • ​Caliber recently merged with ABRA – creating a leading collision repair chain of more than 1,400 locations in 40 states.
    • ​Hellman & Friedman – Dominant private equity firm with over $25 Billion in assets holds a majority stake in Caliber after the merger. H&F provides excellent leadership and promotes long-term growth.
    • ​COVID, recession-resistant, and e-commerce proof tenant.

    Description

    DB2RE Investment Sales is proud to present the opportunity to acquire the absolute net lease Caliber Auto Care facility (the “Property), located at 11648 N.​ Central Expressway at the SEQ of Forest Lane and US 75.​ The Property consists of a freestanding building totaling 6,450 square feet and situated on 0.41 acres of land within the heart of Dallas.​ Caliber Auto Care, scheduled to open March 7, 2022, provides investors with a 15-year primary term (corporate guarantee) that includes two 5-year options with 10.00% increases every five years through the primary and option terms.​ With virtually zero landlord responsibilities, the offering is an ideal management-free investment opportunity, perfect for passive investors and/or 1031 buyers seeking both core properties within the DFW Metroplex and a fantastic revenue stream backed by credit tenancy.​

    Strategically located at the southwest quadrant of Forest Lane and N.​ Central Expressway, the Property boasts an unbeatable infill location at one of the most dominant commercial corridors in Dallas.​ Caliber’s positioning along US Highway 75, near the Interstate 635 interchange, provides unmatched access and visibility to the entire Metroplex, residents, nearby employment hubs, and over 203,000 vehicles daily along this major artery.​ With over 156,458 and 417,771 residents within a three and five-mile radius, as well as daytime population counts in excess of 26,460 employees within a 1-mile radius (double the resident count), the staggering densities provide Caliber and investors unparalleled long-term security.​ As a result, new ownership not only has a rare opportunity to gain entrance to this high-barrier market but acquire a recession-resistant investment secured by Caliber, the best in the business.​

    Location

    SEQ of Forest Lane and US 75, Dallas, TX 75243

    Caliber Auto Care | SEQ US 75 & Forest Lane | Dallas, TX

    11648 N Central Expressway, Dallas, Dallas County, TX 75243

    Caliber Auto Care | SEQ US 75 & Forest Lane | Dallas, TX

    Contact Us About this Property

    Cameron Deptula

    INVESTMENT SALES
    TREC #622382

    214.526.3626 ext. 116
    CDeptula@DB2RE.com