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214.675.0175
MATTHEW SCOW
BOB MOORHEAD
JOE CAPUTO
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
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Table of contents | Disclaimer Caliber collision
1509 Skibo Rd, Fayetteville, NC
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
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Investment overviewCaliber collision
1509 Skibo Rd, Fayetteville, NC
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
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Aerial photoCaliber collision
1509 Skibo Rd, Fayetteville, NC
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Cross Creek
Mall
Fort Bragg – Located 6 miles NW
– 50,000 Active Duty Personnel
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Aerial photoCaliber collision
1509 Skibo Rd, Fayetteville, NC
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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
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Site planCaliber collision
1509 Skibo Rd, Fayetteville, NC
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Location overviewCaliber collision
1509 Skibo Rd, Fayetteville, NC
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
1509 Skibo Rd, Fayetteville, NC
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Location mapCaliber collision
1509 Skibo Rd, Fayetteville, NC
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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 20 to 29 Years 24.6% 19.9% 20.4%
2015 Est. Population 30 to 44 Years 18.9% 18.4% 18.6%
2015 Est. Population 45 to 59 Years 16.5% 17.4% 16.6%
2015 Est. Population 60 to 74 Years 9.5% 13.1% 12.0%
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
1509 Skibo Rd, Fayetteville, NC
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