Caliber Collision

Investment Overview

Caliber Collision occupies the site on an absolute net lease recently extended through August 2041, backed by a corporate guaranty from Wand Newco 3, Inc., with zero landlord maintenance or expense responsibilities. The rent schedule increases 10% every five years, continuing through each of the three, 5-year renewal options to 2056. Caliber Collision operates more than 1,800 collision-repair centers across 44 states, the scale leader among national collision-repair consolidators, with no national brand competitor identified within 100 miles of this Odessa, TX, property.

Investment Highlights

• Caliber Collision signed a 15-year lease extension in September 2026, through August 2041, backed by a corporate guaranty from Wand Newco 3, Inc.
• 10% rent increases every five years throughout the primary lease term and options
• Absolute net lease with zero landlord maintenance or expense responsibilities on 26,494-square-feet across two buildings on a large 1.68-acre site
• Potential bonus depreciation on eligible components; buyers should consult their tax advisor
• New TPO roof (20 year manufacturer warranty) on the front building and acrylic coating (15 year warranties) on the metal roofs, an approximately $189,000 investment by the landlord
• Caliber Collision operates more than 1,800 collision-repair centers across 44 states, the scale leader among national collision-repair consolidators
• The subject property is ranked in the top 5% of Caliber Collision locations nationwide for visits over the past 12 months, per Placer.ai
• Confidentially filed for an initial public offering in July 2025, with Bank of America, Goldman Sachs, and JPMorgan reportedly involved; not yet priced as of October 2026
• No national brand collision-repair competitor has been identified within 100 miles; nearest Gerber Collision and Crash Champions locations are in Lubbock and Abilene, TX
• Positioned within a dense automotive corridor with several car dealerships in the immediate vicinity creating operational synergies with Caliber Collision
• Odessa’s population grew 7.2% since 2020 to an estimated 122,707 in 2025, with Midland-Odessa employment growth outpacing national and state rates