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Caliber Collision for Sale
According to Caliber, Caliber Collision is the nation’s largest auto collision repair provider, operating across 44 states as part of a family of more than 1,800 centers that also includes Caliber Auto Glass and Caliber Fleet Solutions (Caliber, August 31, 2026).
Caliber is privately held, and both The Boulder Group and Matthews list an S&P rating of B, which is below investment grade. Boulder shows typical new leases at 15 years, triple net, with 10% rent increases every five years (The Boulder Group, September 2026). Confirm who handles roof and structure on any property you review.
B
S&P credit rating
1,800+
Centers (collision, glass, fleet)
15 Years
Typical lease term
10%
Increase every 5 years
17,000 SF
Typical building size
Triple Net
Typical lease type
Sources: The Boulder Group, Net Lease Tenant Profiles, September 2026 (Matthews lists the same B rating and 5% – 10% increases every five years or 2% annually); Caliber news release, August 31, 2026 (centers across Caliber Collision, Caliber Auto Glass and Caliber Fleet Solutions; Boulder lists 1,526 locations and Matthews about 1,850).
Key Takeaways
Private, Below-Investment-Grade Credit
Caliber is privately held (Collision Repair Magazine), and both Boulder and Matthews list an S&P rating of B, which is below investment grade. Caliber confidentially submitted a draft registration for an initial public offering in July 2025 (CollisionWeek).
Triple Net, 15 Years, 10% Bumps
Boulder lists a triple net lease with a typical new term of 15 years and 10% rent increases every five years. Matthews shows 5% – 10% every five years or 2% annually. Confirm the actual terms, and who handles roof and structure, on any property.
Higher Cap Rates
Caliber properties currently show asking cap rates of 6.45% – 6.75% with 10 years remaining and 6.15% – 6.45% for a new 15-year lease (The Boulder Group, September 2026). Matthews reports 2025 closed sales averaging about 6.91%.
A Large, Acquisitive Network
Caliber operates more than 1,800 centers in 44 states and bought Key Collision’s 10 locations in Maine, New Hampshire and Vermont on August 31, 2026 (Caliber, August 31, 2026).
Caliber Collision NNN Cap Rates and Lease Data
If you’re weighing a Caliber Collision property, three things shape what you’ll earn: who the tenant is, how the lease is structured, and what yield you’re paying for. Here’s how they fit together.
On the tenant, the picture is different from investment-grade brands. Both reports list an S&P rating of B, which is below investment grade, and Caliber is privately held.1 Boulder shows a typical new lease as triple net with a 15-year term and a 10% rent increase every five years, about 2% a year; Matthews shows 5% – 10% every five years or 2% annually. Because the credit is lower, the lease terms, the guarantor and who handles roof and structure deserve a close read.
That’s where cap rates come in. Boulder shows asking cap rates of 6.15% – 6.45% on a new 15-year lease, 6.45% – 6.75% with 10 years left, and 7.00% – 7.30% with 5 years left.2 The pattern is worth knowing: as the remaining term gets shorter, the yield goes up, because you’re taking on the question of whether Caliber renews. These are higher than the investment-grade brands in the same report; AutoZone, for example, asks 5.40% – 5.70% with 10 years left.
Closed sales have landed above Boulder’s asking range for a similar term. Matthews reports 47 Caliber sales in 2025 averaging about 6.91%, with 8 to 10 years of lease remaining on average. So far in 2026 the average is 6.20% across 8 sales with about 13 years remaining, which helps explain the lower figure. Matthews also shows 35 properties on the market asking 6.10% on average with 10 years remaining, with asks from 5.50% to 7.25%.3
In dollars, Boulder puts the average sale price at about $5.3 million with average rent of about $335,000 a year. On a typical 17,000 SF building, that works out to roughly $312 per square foot, and $335,000 on $5.3 million is a yield of about 6.3%.4 Matthews shows lower average rent of $250,534 and a typical building of about 16,505 SF, so check the actual rent and size of any property against both.
1. The Boulder Group, Net Lease Tenant Profiles, September 2026, p. 18; Matthews, 2026 Net Lease Tenant Report, p. 3. Credit rating is S&P, as reported by each source (both list B). Lease terms are typical for new construction. The 2% a year figure is our calculation (10% over five years). Privately held: Collision Repair Magazine, August 2026. ↩
2. The Boulder Group, Net Lease Tenant Profiles, September 2026, p. 18 (Caliber Collision) and p. 10 (AutoZone). Asking cap rates as of September 2026. ↩
3. Matthews, 2026 Net Lease Tenant Report, p. 3. Average cap rate on closed transactions in 2025 (17 in the first half at 6.50% and 30 in the second at 7.15%); the 6.91% blended figure is our calculation from those two averages. Average lease term remaining was 10 years in the first half of 2025 and 8 in the second. The 2026 figure is year to date as of the report (8 transactions, 13 years remaining on average). Matthews figures are averages of closed sales and current asking rates, while Boulder’s are asking rates, so the two measure different things. ↩
4. The Boulder Group, Net Lease Tenant Profiles, September 2026, p. 18; rent and building size from Matthews, 2026 Net Lease Tenant Report, p. 3. The per-square-foot figure and the yield are our calculations ($5,300,000 and $335,000 for a typical 17,000 SF building). ↩
Caliber Collision as a Tenant
How Caliber operates
According to Caliber, Caliber Collision is the nation’s largest auto collision repair provider, operating across 44 states. The Caliber family also includes Caliber Auto Glass and Caliber Fleet Solutions, for more than 1,800 centers and more than 30,000 employees (Caliber, August 31, 2026).
Caliber grows by buying independent collision shops. On August 31, 2026 it acquired Key Collision’s 10 locations, its first in Maine, New Hampshire and Vermont. Its merger with Abra Auto Body Repair of America made Hellman & Friedman the majority shareholder of the combined company (Body Shop Business).
Boulder lists a typical Caliber building at about 17,000 SF, far larger than a restaurant or bank branch, which is why the average sale price runs about $5.3 million. Matthews lists about 16,505 SF.
Financial strength and growth
Both reports list an S&P rating of B for Caliber. That is below investment grade, so the tenant’s ability to pay rent over a 15-year term deserves close review. Caliber is privately held, so ask for current financial statements for the tenant and any guarantor.
Caliber confidentially submitted a draft registration statement for an initial public offering in July 2025 (CollisionWeek). We did not find a completed offering, so treat Caliber as a private company when you underwrite a lease.
Boulder counts 1,526 locations and Matthews about 1,850, while Caliber says it operates more than 1,800 centers across its collision, glass and fleet brands (Caliber, August 31, 2026). Ask which brand and which entity operates any specific center.
Why Investors Buy Caliber Collision Properties
Caliber offers more yield than the investment-grade brands, with a national footprint. With 10 years remaining, The Boulder Group’s September 2026 asking range of 6.45% – 6.75% compares with 5.40% – 5.70% for AutoZone and 5.75% – 6.05% for Bank of America.
The leases are long and the rent steps up. Boulder shows 15-year terms with 10% increases every five years, about 2% a year, and an average rent of about $335,000 a year, higher than the $130,000 it reports for Burger King and Carl’s Jr. because the buildings are much larger.
The higher cap rate reflects, in part, the B rating. If you are comfortable with the tenant and any guarantor, that extra yield is what you are being paid for.
Risks and Market Conditions
The credit is the main risk. Both reports list a B rating, which is below investment grade, and Caliber is privately held. Ask for tenant and guarantor financials. Caliber has said it may use proceeds from a public offering for general corporate purposes, which may include repaying debt (CollisionWeek), so ask about the tenant’s debt as well.
Size and competition matter too. A building of about 17,000 SF is a larger re-tenanting task than a restaurant or bank branch if Caliber does not renew, so ask what it would take. The collision repair industry is also consolidating: Boyd Group, which operates Gerber Collision & Glass, closed its $1.3 billion acquisition of Joe Hudson’s Collision Center in January 2026 (CT Acquisitions). Finally, check the remaining term: asking cap rates rise as the term shortens.
Build a Diversified NNN Portfolio
Pairing a Caliber Collision with other net-lease brands spreads risk across tenants, industries and markets. Compare other brands we help buyers acquire:
Caliber Collision NNN FAQs
Can I buy a Caliber Collision NNN property with a 1031 exchange?
Yes, a Caliber Collision property can qualify for a 1031 exchange if it meets the like-kind rules. Reinvesting in a like-kind property can defer taxes on capital gains. Talk to your qualified intermediary and tax advisor before you buy.
What is bonus depreciation?
Bonus depreciation is a tax incentive that lets investors deduct a portion of certain property costs in the first year. The amount depends on current tax law and on which parts of the property qualify, so talk to your tax advisor.
Who pays expenses on a Caliber Collision NNN property?
The Boulder Group lists a typical Caliber Collision lease as triple net, which it defines as no landlord responsibilities, with a 15-year term and 10% rent increases every five years (September 2026). A double net lease leaves roof and structure with the landlord, so confirm who handles both on the specific property.
Questions about NNN Caliber Collision Properties for Sale?
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Contact Our Team →Disclaimer
Market data, cap rates, and tenant statistics on this page come from third-party reports and company disclosures, cited in the footnotes. We believe these sources are reliable but do not guarantee their accuracy or completeness. Figures reflect the date of each source and change with market conditions, so verify current numbers before relying on them.