Auto Service - Gas-Conv
Gerber Collision & Glass
1704 S Lewis St, New Iberia, LA 70560
Listing Price: $725,000
Investment Overview
Automotive Investment Opportunity Leased to Gerber Collision (TSX: BYD) with Rare Annual Rent Escalations. Existing Collision Repair Business was Acquired by Gerber on July 2023 Upon which a Five-Year Lease was Signed. Tenant Pays 20% Below Market Rent at $5.78/SF Allowing for Sustainable Long-Term Commitment to the Location.
Gerber Collision & Glass
Investment Highlights
- Automotive Repair Investment with National Tenant
- Attractive 7.10% Cap Rate | 1.5% Annual Rent Bumps
- Business Recently Acquired by Gerber Collision| 700+ Locations
- 2nd Largest Multi-shop Operator (MSO) in the Collision Industry
- Proximity to National Retailers (T.J. Maxx, Hobby Lobby, Walmart)
- Upside through Leasing 1,700 SF of Office Space
- 20% Below Market Rent at $5.78/SF (According to CoStar) | Allows for Sustainable Long-Term Commitment to the Location
- Recent Capital Expenditures include New HVAC Units, Roof & External Metal Siding
Listing Price: $725,000
Investment Highlights
- Automotive Repair Investment with National Tenant
- Attractive 7.10% Cap Rate | 1.5% Annual Rent Bumps
- Business Recently Acquired by Gerber Collision| 700+ Locations
- 2nd Largest Multi-shop Operator (MSO) in the Collision Industry
- Proximity to National Retailers (T.J. Maxx, Hobby Lobby, Walmart)
- Upside through Leasing 1,700 SF of Office Space
- 20% Below Market Rent at $5.78/SF (According to CoStar) | Allows for Sustainable Long-Term Commitment to the Location
- Recent Capital Expenditures include New HVAC Units, Roof & External Metal Siding
Investment Overview
Automotive Investment Opportunity Leased to Gerber Collision (TSX: BYD) with Rare Annual Rent Escalations. Existing Collision Repair Business was Acquired by Gerber on July 2023 Upon which a Five-Year Lease was Signed. Tenant Pays 20% Below Market Rent at $5.78/SF Allowing for Sustainable Long-Term Commitment to the Location.
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