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Auto Parts

Gerber Collision & Glass | High Cap Rate

900 E Simcoe St, Lafayette, LA 70501

Listing Price: $1,548,000

Cap Rate
7.75%
Tenant Name
Gerber Collision
Years Remaining On Lease
4.3
Gross SF
23,000
Guarantor
Corporate Guarantee
Rentable SF
23,000
Price/Gross SF
$67.30
Lease Type
Double Net
Rent Per Square Feet
$5.22

Investment Overview

Single Tenant Net Lease Automotive Asset Featuring a Double Net Lease with Gerber Collision (TSE:BYD).
The Tenant Acquired Former Operator in July of 2023, Upon Which a Five Year Lease was Signed.
Gerber has Made Significant Improvements to the Interior & Exterior of the Building and Plans on Moving Two Additional Business Divisions Inside.

Investment Highlights

  • Single Tenant Net Lease Automotive Repair Investment
  • Attractive 7.75% Cap Rate | 10% Rent Bump In Each Option
  • Business Recently Acquired by Gerber Collision| 700+ Locations
  • 2nd Largest Multi shop Operator (MSO) in the Collision Industry
  • Exposure on Two Main Thoroughfares | Combined 26,100 VPD
  • Building Currently Undergoing Significant Renovations
  • Facility to Include Two Additional Business Lines for Tenant
  • Tenant Pays $5.22/SF | Allows for Sustainable Long Term Commitment to the Location

Exclusively Listed By

Financing By

Auto Parts

Gerber Collision & Glass | High Cap Rate

Listing Price: $1,548,000

Cap Rate
7.75%
Tenant Name
Gerber Collision
Years Remaining On Lease
4.3
Gross SF
23,000
Guarantor
Corporate Guarantee
Rentable SF
23,000
Price/Gross SF
$67.30
Lease Type
Double Net
Rent Per Square Feet
$5.22

Investment Highlights

  • Single Tenant Net Lease Automotive Repair Investment
  • Attractive 7.75% Cap Rate | 10% Rent Bump In Each Option
  • Business Recently Acquired by Gerber Collision| 700+ Locations
  • 2nd Largest Multi shop Operator (MSO) in the Collision Industry
  • Exposure on Two Main Thoroughfares | Combined 26,100 VPD
  • Building Currently Undergoing Significant Renovations
  • Facility to Include Two Additional Business Lines for Tenant
  • Tenant Pays $5.22/SF | Allows for Sustainable Long Term Commitment to the Location

Investment Overview

Single Tenant Net Lease Automotive Asset Featuring a Double Net Lease with Gerber Collision (TSE:BYD). The Tenant Acquired Former Operator in July of 2023, Upon Which a Five Year Lease was Signed. Gerber has Made Significant Improvements to the Interior & Exterior of the Building and Plans on Moving Two Additional Business Divisions Inside.

Exclusively Listed By

Financing By

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