Caliber Collision Investment
118 S Morningside Dr & 13 & 17 Forrest Lane Cartersville, GA 30120
118 S Morningside Dr & 13 & 17 Forrest Lane, Cartersville, GA, 30120
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For Sale
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Single tenant Caliber Collision property in Cartersville, Georgia for sale.
Property Size23,844 SF
Lot Size2.87 Acres
Price / SF$165.61
Days on Market174
Property Features for 118 S Morningside Dr & 13 & 17 Forrest Lane
General Information
- Standard status
- Active
- Size
- 23,844 SF
- Lot size
- 2.87 Acres
- Property subtype
- Industrial, Retail
Building Details
- Year Built
- 2018
Listing Agency
Horvath & Tremblay
Listed by
Riley Harder · License #131554
Source
Crexi
Added: Jan 23 Checked: Jul 10 at 1:11 pm
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Horvath & Tremblay
Investment Insights
Based on property information with market context.
The property is a single-tenant Caliber Collision investment property located at 118 Morningside Drive and 13 & 17 Forest Lane in Cartersville, Georgia. It consists of a 23,844 square foot building on 2.87 acres of land, comprised of three adjacent parcels. Caliber Collision uses 13 & 17 Forrest Lane for additional vehicle parking and vehicle storage. Constructed in 2018, Caliber Collision began a 10-year lease in December 2021. The Modified NN Lease has over 5 years of term remaining, followed by two 5-year renewal options. The lease includes 2% annual rental increases throughout the primary lease term and option periods. The property is situated on Morningside Drive, next to US Route 41, the area’s primary commercial and commuter corridor. Morningside Drive has access to US Route 41 immediately in front of the property, which benefits from frontage and visibility on both roadways, as well as three points of entry. Caliber Collision is positioned within Cartersville’s primary retail trade area, near shopping centers, grocers, and national retailers. The property is half a mile from downtown Cartersville and a short drive to Interstate 75, which along with US Route 41 leads directly to Atlanta. Cartersville is in the northwestern edge of the Atlanta MSA, approximately 35 miles from Downtown Atlanta.
Key Highlights
- Single‑tenant property leased to Caliber Collision, a national brand
- Over 5 years remaining on existing 10‑year lease with two 5‑year renewal options
- Attractive 2% annual rental increases throughout the primary lease term and option periods
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $523.6k | $21.96 |
| − Vacancy | −$44.5k | −$1.87 |
| EGI | $479.1k | $20.09 |
| − OpEx | −$143.7k | −$6.03 |
| NOI | $335.4k | $14.07 |
23,844 SF · lease $21.96/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$4.79M
$4.19M – $5.59M
NOI $335,375 @ 7.0% cap · market cap 8.49%
Second Best
Industrial
$2.08M
$1.82M – $2.42M
NOI $145,254 @ 7.0% cap · market cap 3.68%
Theoretical Best
Office A
$6.70M
$5.86M – $7.81M
NOI $468,678 @ 7.0% cap · market cap 11.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Auto shops
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Similar Off Market Nearby
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- Townsend Complete Auto Care — 8 West Ave, Cartersville, GA 30120
- Roadside Now — 10 brookside ct, cartersville, ga 30120
- Womack's Automotive — 313 S Tennessee St, Cartersville, GA 30120
- Garrett Automotive — 227 S Erwin St, Cartersville, GA 30120
FAQs
What type of property is this?
Auto shop - Single tenant Caliber Collision property in Cartersville, Georgia for sale.
Where is this auto shop located?
The property is located at 118 S Morningside Dr & 13 & 17 Forrest Lane Cartersville, GA.
What is the asking price?
The asking price for this property is $3,948,720.
What are key features of this property?
This property features: Single‑tenant property leased to Caliber Collision, a national brand; Over 5 years remaining on existing 10‑year lease with two 5‑year renewal options; Attractive 2% annual rental increases throughout the primary lease term and option periods
