Caliber Collision | Absolute NNN Lease | Strong Corporate Guaranty

Corporate Absolute NNN Asset in High-Growth Submarket

Lee & Associates is pleased to present the exclusive opportunity to acquire the fee simple interest in a single-tenant Caliber Collision facility located at 8026 Forsythia Street, Middleton, Wisconsin. Situated within the highly desirable and rapidly expanding Madison Metropolitan Statistical Area (MSA), this modern, purpose-built asset combines long-term corporate lease stability with built-in inflation protection.

Completed in 2019, the property consists of an 18,109-square-foot build-to-suit collision repair facility situated on an expansive 2.69-acre parcel. The property is leased to Caliber Collision—the nation's undisputed leader in auto collision repair—under a 100% passive Absolute NNN lease structure. Backed by a strong corporate guaranty, the lease leaves zero landlord operational or maintenance responsibilities, making it an ideal acquisition for hands-off investors and 1031 exchange buyers seeking reliable, long-term cash flow.

Investment Highlights & Financial Overview

• Nation's Leading Credit Tenant: Leased to Caliber Collision, the largest collision repair operator in the U.S. with 1,800+ locations, $7.85B+ in annual revenue, and backing from major insurance carriers.

• 100% Passive Absolute NNN Lease: Zero landlord management, capital expenditure, or maintenance obligations, delivering a pure hands-off cash flow stream.

• Corporate Guaranty: Fully backed by corporate guarantor Wand Newco 3, Inc., ensuring underlying credit stability and payment performance.

• Built-in Rent Growth & Inflation Hedge: Features 10% rental increases every 5 years, providing attractive built-in yield escalation throughout the primary term and option periods.

• Long-Term Lease Term Remaining: Approximately 8 years remaining on the initial primary term, supplemented by two 5-year renewal options for extended holding security.

• Modern, Purpose-Built Construction: High-quality 2019 build-to-suit construction tailored specifically to modern collision repair standards, minimizing capital expenditure risk.

• Recession-Resistant Business Model: Essential service tenant supported by mandatory auto insurance claims, driving consistent non-cyclical consumer demand regardless of broader economic downturns.

Strategic Location & Demographic Advantage

Positioned in Middleton, Wisconsin—widely recognized as one of the Madison metropolitan area's most affluent and rapidly growing communities—the site offers immediate, convenient access to both US Highway 12 and US Highway 14. This strategic interchange provides seamless regional connectivity across Dane County and the greater Madison market.

The surrounding trade area features an exceptionally dense employment base. Neighboring corporate, industrial, medical, and technology leaders include:

• Thermo Fisher Scientific

• Electronic Theatre Controls (ETC)

• Rockwell Automation

• UW Health Facilities

This concentration of corporate employers fuels a powerful daytime population and robust local economy. The surrounding demographics reflect elite purchasing power, boasting average household incomes exceeding $159,000 within a 3-mile radius. Furthermore, the Madison MSA continues to outperform regional economic benchmarks, anchored by the University of Wisconsin-Madison, state government headquarters, and a thriving bio-tech corridor.

Comprehensive Property Specifications