Caliber Collision

Highlights

• 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
• Caliber Collision operates more than 1,800 collision-repair centers across 44 states, the scale leader among national collision-repair consolidators
• Caliber Collision signed a 15-year lease extension in September 2026, through August 2041, backed by a corporate guaranty from Wand Newco 3, Inc.
• 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
• 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
• 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
• 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
• Positioned within a dense automotive corridor with several car dealerships in the immediate vicinity creating operational synergies with Caliber Collision
• Potential bonus depreciation on eligible components; buyers should consult their tax advisor
• The subject property is ranked in the top 5% of Caliber Collision locations nationwide for visits over the past 12 months, per Placer.ai

Location

Located at 2381 Field St, Odessa, TX 79761, this property is part of the Odessa neighborhood and Midland Odessa market.