11424 S Union Ave Jenks, OK 74037

This property is a brand new construction Caliber Collision location with a long-term absolute net lease, offering zero landlord responsibilities. The lease includes 10% rental increases every 5 years throughout the initial term and options. Caliber Collision is the nation's largest collision repair provider, with over 1,800 locations in 41 states. The company's majority owner is Hellman & Friedman, a private equity firm with over $25 billion in total assets. Located approximately 8 miles south of downtown Tulsa, in Jenks, Oklahoma, the area is experiencing major growth with several retail and housing developments under construction. Jenks is a desired and fast-growing suburb of Tulsa. The property is near Tulsa Premium Outlets, an outdoor shopping center that opened in August 2024, featuring more than 75 designer and name-brand stores. The area is densely populated with an average household income of over $133,000 within a 1-mile radius and over 80,000 people residing within a 5-mile radius. The property is also minutes from Tulsa Riverside Airport, which is the busiest in Oklahoma in terms of takeoffs and landings, with over 223,000 in 2023. The subject property qualifies for tax savings via accelerated depreciation and cost segregation. The property size is 14,600 square feet.