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Auto Service - Gas-Conv

Gerber Collision & Glass | 7.92% Cap | Annual Rent Increases

1704 S Lewis St, New Iberia, LA 70560

Listing Price: $650,000

Cap Rate
7.92%
Tenant Name
Gerber Collision
Years Remaining On Lease
3.7
Guarantor
Corporate Guarantee
Rentable SF
11,188
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$4.90

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.

Investment Highlights

  • Automotive Repair Investment with National Tenant
  • Attractive 7.92% 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

Exclusively Listed By

Broker of Record

  • Steve Greer

    First Vice President Investments

    (225) 376-6800

    License(s) LA: BROK.995710346-ASA

    Louisiana

Financing By

Auto Service - Gas-Conv

Gerber Collision & Glass | 7.92% Cap | Annual Rent Increases

Listing Price: $650,000

Cap Rate
7.92%
Tenant Name
Gerber Collision
Years Remaining On Lease
3.7
Guarantor
Corporate Guarantee
Rentable SF
11,188
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$4.90

Investment Highlights

  • Automotive Repair Investment with National Tenant
  • Attractive 7.92% 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.

Exclusively Listed By

Broker of Record

  • Steve Greer

    First Vice President Investments

    (225) 376-6800

    License(s): LA: BROK.995710346-ASA

    Louisiana

Financing By

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