Caliber Collision Lease Synopsis — Corporate Credit Tier, June 18 2026

Mike's June 18, 2026 email, the first of a three-part lease series, using an actual Caliber Collision lease (Bakersfield, CA — a client's December 2025 purchase) to illustrate corporate-credit NNN structure. It walks through how the landlord's job is essentially to collect rent while the tenant carries day-to-day and property-level obligations, and how default, maintenance, bankruptcy, and tax provisions operate. The guaranty is provided by WAND NEWCO 3, INC. (Caliber's corporate parent) as primary obligor, confirmed in the 2024 Third Amendment.

Key Facts¶

Rent and payment default: §§4.1–4.2; payment default and remedies §§13.1(b), 13.2.
Maintenance: §§7.1(a)–(c), 7.2; landlord step-in charges tenant 115% of cost.
Bankruptcy default: §13.1(f); guaranty provisions §37 + Schedule 1, §5.
Property taxes: §§10.1–10.4; tenant pays installment ≥20 days before delinquency.
Caliber operates ~1,850 locations nationally — the credit case rests on the corporate balance sheet.

Notable Quotes¶

"WAND NEWCO 3, INC. is the guarantor ... as primary obligor."