Skip to main content

Auto Service - Gas-Conv

Gerber Collision | Absolute NNN | 15 Yr Lease

1145 Old Dixie Hwy, Lake Park, FL 33403

Listing Price: $2,629,000

Cap Rate
5.75%
Tenant Name
Gerber Collision
Years Remaining On Lease
14.3
Guarantor
Corporate Guarantee
Rentable SF
12,290
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$12.30

Investment Overview

2nd Largest Multi-shop Operator (MSO) in the Industry

Less than ½ Mile from Northlake Blvd’s “Dealership Row”
Over 53,500 Vehicles/Day with Easy Access to I-95

Over 50 Years of Operating History as a Body Shop
Fully Renovated in 2023 to Tenant’s Specifications

The Town of Lake Park is Nestled Between Palm Beach Gardens and West Palm Beach. It has an Eclectic Arts District, A-Rated School, and a Popular Marina | Population 430,715 in a Ten Mile Radius

Investment Highlights

  • New Fifteen-Year Absolute Triple Net Lease
  • 10% Rental Increases Every Five Years | Avg 6.35% Cap Rate
  • Corp. Guaranty with Boyd Group US. | 900+ Locations

Exclusively Listed By

Financing By

Auto Service - Gas-Conv

Gerber Collision | Absolute NNN | 15 Yr Lease

Listing Price: $2,629,000

Cap Rate
5.75%
Tenant Name
Gerber Collision
Years Remaining On Lease
14.3
Guarantor
Corporate Guarantee
Rentable SF
12,290
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$12.30

Investment Highlights

  • New Fifteen-Year Absolute Triple Net Lease
  • 10% Rental Increases Every Five Years | Avg 6.35% Cap Rate
  • Corp. Guaranty with Boyd Group US. | 900+ Locations

Investment Overview

2nd Largest Multi-shop Operator (MSO) in the Industry Less than ½ Mile from Northlake Blvd’s “Dealership Row” Over 53,500 Vehicles/Day with Easy Access to I-95 Over 50 Years of Operating History as a Body Shop Fully Renovated in 2023 to Tenant’s Specifications The Town of Lake Park is Nestled Between Palm Beach Gardens and West Palm Beach. It has an Eclectic Arts District, A-Rated School, and a Popular Marina | Population 430,715 in a Ten Mile Radius

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower