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Auto Service - Gas-Conv

Gerber Collision | Absolute NNN | 15 Yr Lease

2810 Industrial Plaza Dr, Tallahassee, FL 32301

Listing Price: $3,875,000

Cap Rate
5.75%
Tenant Name
Gerber Collision
Years Remaining On Lease
14.1
Guarantor
Corporate Guarantee
Rentable SF
24,780
Lease Type
Absolute Net
Rent Per Square Feet
$8.99

Investment Overview

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

Large Format Body Shop (3 Buildings) | Low Rent / Square Foot

Strong Demographics | 266,886+ Residents Within 10 Miles

Industrial Market Vacancy is Less than 2% with Rents Exceeding $9.10/SF [per Costar Data]

Tallahassee is the Capital of Florida and Home to Three Institutions of Higher Learning – 50,000 Students Collectively

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: $3,875,000

Cap Rate
5.75%
Tenant Name
Gerber Collision
Years Remaining On Lease
14.1
Guarantor
Corporate Guarantee
Rentable SF
24,780
Lease Type
Absolute Net
Rent Per Square Feet
$8.99

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 Large Format Body Shop (3 Buildings) | Low Rent / Square Foot Strong Demographics | 266,886+ Residents Within 10 Miles Industrial Market Vacancy is Less than 2% with Rents Exceeding $9.10/SF [per Costar Data] Tallahassee is the Capital of Florida and Home to Three Institutions of Higher Learning – 50,000 Students Collectively

Exclusively Listed By

Financing By

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