loader
Join Free
Views: 109 DOM: 116 Updated: 10.29.24 Posted: 08.28.24 Status: Active

Summary

Price $1,953,460
Built/Renov 1986/2004
Tenant Gerber Collision & Glass
Cap Rate 8.50%
Lease Type NN+
Guarantor Corp Traded
Size/SF 10,234
Lease Start 12-01-2015
#Units 813
Price/SF $190.88
Expiration 12-31-2025
Tenant Type Automotive
NOI $166,044
R. Term 1.0
Ownership Fee Simple
Rent/SF $16.22
Increases 10.0%/5/yrs
Pop 5Mi 206,683
Lot/AC 1.17
Options 4/5yrs/10%
AHHI 5Mi $99,533

Lease Highlights

  • Gerber Collision & Glass has been operating in this location for 20 years
  • The tenant has 1+ year remaining on the current lease term with 4 (5-year) options to extend
  • The lease features 10% rental increases at the start of each option period
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guaranteed lease

Location Description

Gerber Collision & Glass is strategically located on N Lake Street, with access to 22,000 vehicles passing by daily. The property generates dual rental income streams from Gerber Collision & Glass and Classic Towing. The immediate area is home to well-known national tenants, including AutoZone, Meineke, AAMCO, Firestone, Starbucks, Dunkin', Sherwin-Williams, and more. The 5-mile trade area...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Gerber Collision and Glass is one of the largest auto collision and glass repair companies in the United States. Gerber provides collision/auto body repair and auto glass replacement and repair...


...

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity