3297 NW Prairie Ln

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3297 NW Prairie Ln

Des Moines, IA 50313
Asking Price
$2.34M
Cap Rate
6.5%
Asset Type
Auto Shop Retail
Class
Class B

What's Special

Corporate Guaranteed Caliber Collision NN Lease in High-Growth Des Moines Metro <ul><li>​<span>Deep Tenant Commitment Backed by Institutional Credit: The landlord’s $189,000 dollar investment in tenant improvements reflects a highly specialized collision repair buildout, effectively sticking the tenant to the site due to high relocation costs and infrastructure dependency. The tenant, Caliber Collision, the largest collision repair operator in the United States with more than 1700 locations, maintains preferred relationships with major insurance carriers, ensuring a consist

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NOI
$80,000
Cap Rate
3.43%
DSCR
0.58
Underwater
Cash-on-Cash
-8.37%
Monthly Payment
$11,554.206
Annual Cash Flow
$-58,650.47

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