For Sale
$6,141,732

2918 Pine Shadows DrHuntsville, TX 77320

Caliber Collision NNN Lease, 15+ Years

Overview

Added:
Dec 11, 2024
Days on market:
117
Exceptional investment opportunity: a 16,345 square foot, Class A auto shop in Huntsville, Texas. This property boasts a 15.6-year absolute NNN lease with Caliber Collision, the nation's largest collision repair provider, backed by a corporate guarantee. The lease features a 10% rent increase every five years, ensuring strong future returns. Built in 2025, this strategically located property sits on a 1.5-acre lot and generates a substantial net operating income (NOI) of $390,000, yielding a 6.35% cap rate. The property benefits from its proximity to major retailers like Home Depot, Walmart, and Target, as well as numerous auto dealerships and service centers, including Chrysler, Dodge, Jeep, Cadillac, Chevrolet, GMC, and Buick. Its location near Huntsville Municipal Airport and Sam Houston State University further enhances its value. The property's strong tenant, long-term lease, and significant rental increases make it an attractive investment with substantial tax benefits available through accelerated depreciation and cost segregation. The asking price is $6,141,732.

Highlights

  • $6,141,732 asking price for a Class A, 16,345 SF retail property.
  • Absolute NNN lease with a corporate guarantee from Caliber Collision, the nation's largest collision repair provider.
  • 15.6-year lease term remaining, expiring June 30, 2040, with 10% rent bumps every 5 years.
  • 6.35% cap rate and $390,000 NOI.
  • New construction (2025) on a 1.5-acre lot in Huntsville, TX, near major retailers and auto dealerships.
  • Excellent location near Sam Houston State University and Huntsville Municipal Airport.

Property Details for 2918 Pine Shadows Dr

Property type
Retail properties, Retail space
Square Feet
16,345 SF
Class
A
Year Built
2025
Lot Size (sq. ft)
65,340 SF

Location Insight

City
Huntsville
County
Walker
State
Texas
Latitude
30.7224025
Longitude
-95.5716245
2918 Pine Shadows Dr, Huntsville, Texas

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2918 Pine Shadows Dr
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