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| Caroline Binning |
DALLAS, TX, Sept. 27, 2021 – JLL Capital Markets has closed
the sale of a two-property retail portfolio totaling 41,218 square feet
and net leased to Caliber Bodyworks of Texas, Inc.
JLL marketed the portfolio on behalf of the
seller, Carlen Enterprises.
The JLL Capital Markets Investment Sales
Advisory team representing the seller was led by Senior Managing Director Mark
West and Director Caroline Binning.
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| Mark West |
Caliber Bodyworks of Texas, Inc. (“Caliber Collision”) is the largest collision repair company in the country and has been operating at the locations on a double-net lease structure since 2001.
The Flory Street property is a traditional
Caliber Collision service center that performs typical services such as car
rentals, paintless dent repair and removal, auto glass repair and diagnostic
scanning.
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| Caliber Bodyworks of Texas, Inc. 3936 Flory Street in North Richland Hills, TX and 6816 Boulevard 26 in Richland Hills, TX |
The 6816 Boulevard 26 property is a non-drive location that only services vehicles significantly damaged during accidents and mishaps and is one of only two locations in DFW.
Less than half a mile from each other, the properties are within a
commercial node around Boulevard 26, which sees more than 19,000 vehicles per
day on average.
The
properties are in a dense, infill area that houses more than 269,000 residents
with an average annual household income of $77,000 within a five-mile radius.
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JLL, please visit our newsroom.
CONTACTS:
Kimberly
Steele
JLL Manager
Public Relations
Phone: +1 713 852 3420
Email: Kimberly.Steele@am.jll.com
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