The Boulder Group completed the sale of a single-tenant net-leased Caliber Collision property at 1005 Corporate Drive in Mount Pleasant, Michigan, for more than $3.47 million.
Caliber Collision has a 15-year, corporately guaranteed lease with zero landlord responsibilities and a transferrable roof warranty. This property features a newly renovated 15,800-square-foot automotive building situated on 2.11 acres.
The property is strategically positioned on Corporate Drive (14,000+VPD), directly across the street from a Meijer grocery store. It is situated just 2 miles north of Central Michigan University, which enrolls nearly 15,000 students. Other prominent retailers nearby include Home Depot, Harbor Freight Tools, Tractor Supply Co, Walgreens, Verizon, McDonald’s, Starbucks, Wendy’s, Taco Bell, Dairy Queen, Tim Horton’s, Culver’s, Applebee’s, and Bob Evans. The population within a 5-mile radius is 36,771, with an average household income of $72,013 within 5 miles.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the buyer in the transaction. The buyer is an Iowa corporation and the seller is a Delaware limited liability company.
