{"id":3333,"date":"2025-02-28T15:23:17","date_gmt":"2025-02-28T21:23:17","guid":{"rendered":"https:\/\/hraproperties.com\/en-us\/?post_type=estate_property&#038;p=3333"},"modified":"2026-03-30T15:24:20","modified_gmt":"2026-03-30T20:24:20","slug":"classic-collision-4","status":"publish","type":"estate_property","link":"https:\/\/hraproperties.com\/en-us\/property\/classic-collision-4\/","title":{"rendered":"Classic Collision"},"content":{"rendered":"<p>[vc_row][vc_column][vc_btn title=&#8221;Offering Materials&#8221; link=&#8221;url:https%3A%2F%2Fwww.marcusmillichap.com%2Fproperties%2F153264%2Fclassic-collision|target:_blank&#8221; el_class=&#8221;univ-btn-offering-materials&#8221;][vc_column_text]<strong>Corporate Tenant<\/strong> &#8211; Classic Collision, full corporate guarantee, one of the largest privately held collision repair operators (350+ locations) in the U.S., backed by New Mountain Capital<\/p>\n<p><strong>~8 Years Remaining on Initial Term<\/strong> &#8211; Lease commenced October 2023, Double Net structure, three five-year renewal options extending occupancy through 2048<\/p>\n<p><strong>Built-In Rent Growth<\/strong> &#8211; 10% escalations every 5 years with limited landlord responsibility<\/p>\n<p><strong>Growing Carolina Corridor Market<\/strong> &#8211; Burlington MSA, 1.53% annual population growth, positioned between the Piedmont Triad (1.7M) and the Research Triangle at the I-40\/I-85 interchange<\/p>\n<p><strong>Strategic Location<\/strong> &#8211; Adjacent to Alamance Regional Medical Center (238-bed hospital), one exit off I-40\/I-85, along South Church St corridor carrying ~26,000 vehicles\/day, near LabCorp global HQ<\/p>\n<p><strong>Recession-Resistant Asset Class<\/strong> &#8211; Collision repair demand is accident-driven and insurance-reimbursed, insulating the sector from e-commerce disruption and consumer spending cycles[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][vc_btn title=&#8221;Offering Materials&#8221; link=&#8221;url:https%3A%2F%2Fwww.marcusmillichap.com%2Fproperties%2F153264%2Fclassic-collision|target:_blank&#8221; el_class=&#8221;univ-btn-offering-materials&#8221;][vc_column_text]Corporate Tenant &#8211; Classic Collision, full corporate guarantee, one of the largest privately held collision repair operators (350+ locations) in the U.S., backed by New Mountain Capital ~8 Years Remaining on Initial Term &#8211; Lease commenced October 2023, Double Net structure, three five-year renewal options extending occupancy through 2048 Built-In Rent Growth &#8211; 10% escalations every 5 years with limited &#8230;<\/p>\n","protected":false},"featured_media":3334,"comment_status":"open","ping_status":"closed","template":"","property_category":[48],"property_action_category":[44],"property_city":[178],"property_area":[],"property_county_state":[92],"property_features":[],"property_status":[119],"_links":{"self":[{"href":"https:\/\/hraproperties.com\/en-us\/wp-json\/wp\/v2\/estate_property\/3333"}],"collection":[{"href":"https:\/\/hraproperties.com\/en-us\/wp-json\/wp\/v2\/estate_property"}],"about":[{"href":"https:\/\/hraproperties.com\/en-us\/wp-json\/wp\/v2\/types\/estate_property"}],"replies":[{"embeddable":true,"href":"https:\/\/hraproperties.com\/en-us\/wp-json\/wp\/v2\/comments?post=3333"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hraproperties.com\/en-us\/wp-json\/wp\/v2\/media\/3334"}],"wp:attachment":[{"href":"https:\/\/hraproperties.com\/en-us\/wp-json\/wp\/v2\/media?parent=3333"}],"wp:term":[{"taxonomy":"property_category","embeddable":true,"href":"https:\/\/hraproperties.com\/en-us\/wp-json\/wp\/v2\/property_category?post=3333"},{"taxonomy":"property_action_category","embeddable":true,"href":"https:\/\/hraproperties.com\/en-us\/wp-json\/wp\/v2\/property_action_category?post=3333"},{"taxonomy":"property_city","embeddable":true,"href":"https:\/\/hraproperties.com\/en-us\/wp-json\/wp\/v2\/property_city?post=3333"},{"taxonomy":"property_area","embeddable":true,"href":"https:\/\/hraproperties.com\/en-us\/wp-json\/wp\/v2\/property_area?post=3333"},{"taxonomy":"property_county_state","embeddable":true,"href":"https:\/\/hraproperties.com\/en-us\/wp-json\/wp\/v2\/property_county_state?post=3333"},{"taxonomy":"property_features","embeddable":true,"href":"https:\/\/hraproperties.com\/en-us\/wp-json\/wp\/v2\/property_features?post=3333"},{"taxonomy":"property_status","embeddable":true,"href":"https:\/\/hraproperties.com\/en-us\/wp-json\/wp\/v2\/property_status?post=3333"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}