Auto Service - Gas-Conv
Gerber Collision | 7.92% Cap | New NNN Lease
26118 OK-51, Wagoner, OK 74467
Listing Price: $985,000
Investment Overview
Single-tenant net lease opportunity with minimal landlord responsibilities. Gerber Collision acquired the existing business in March and subsequently signed a new 5-year lease in April of 2024. Gerber is the second largest multi-shop operator in the industry and it's owned by The Boyd Group [BYDGF (OTCMKTS)]. There are 20+ years of collision repair service in this facility and this is the only Gerber Collision location within a 21-mile radius.
Gerber Collision | 7.92% Cap | New NNN Lease
Investment Highlights
- Leased to Gerber Collision | 900+ Locations in the U.S. - 2nd Largest Multi-shop Operator (MSO) in the Collision Industry
- Brand New NNN Lease | Started April 2024 - Minimal Landlord Responsibilities
- Ten Percent (10%) Rent Bumps Every Five Years - 8.71% Cap Upon Lease Renewal 2029
- Scheduled Parking Lot Replacement - Minimizes Short-Term Capital Expenses
- Recent Acquisition of Operating Business [2024] - Only Gerber Collision Within a 21-Mile Radius
- Historical Market Dominance - 20+ Years of Collision Repair Service in this Facility
- 132' of Direct Frontage on State Highway 51 - Over 10,000 Vehicles per Day
- Major National Retailers in the Area Including: - Walmart, Walgreens, Pizza Hut, AutoZone, Starbucks & Etc. Approximately 40 Miles from Downtown Tulsa, OK - Second Largest MSA in the State | 1 Million+ Residents
Listing Price: $985,000
Investment Highlights
- Leased to Gerber Collision | 900+ Locations in the U.S. - 2nd Largest Multi-shop Operator (MSO) in the Collision Industry
- Brand New NNN Lease | Started April 2024 - Minimal Landlord Responsibilities
- Ten Percent (10%) Rent Bumps Every Five Years - 8.71% Cap Upon Lease Renewal 2029
- Scheduled Parking Lot Replacement - Minimizes Short-Term Capital Expenses
- Recent Acquisition of Operating Business [2024] - Only Gerber Collision Within a 21-Mile Radius
- Historical Market Dominance - 20+ Years of Collision Repair Service in this Facility
- 132' of Direct Frontage on State Highway 51 - Over 10,000 Vehicles per Day
- Major National Retailers in the Area Including: - Walmart, Walgreens, Pizza Hut, AutoZone, Starbucks & Etc. Approximately 40 Miles from Downtown Tulsa, OK - Second Largest MSA in the State | 1 Million+ Residents
Investment Overview
Single-tenant net lease opportunity with minimal landlord responsibilities. Gerber Collision acquired the existing business in March and subsequently signed a new 5-year lease in April of 2024. Gerber is the second largest multi-shop operator in the industry and it's owned by The Boyd Group [BYDGF (OTCMKTS)]. There are 20+ years of collision repair service in this facility and this is the only Gerber Collision location within a 21-mile radius.
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