Listing Summary
Tenant recently exercised their first 5-year option and still has 2 (5-year) options to extend, demonstrating their commitment to the site.
Full Description
• Tenant recently exercised their first 5-year option and still has 2 (5-year) options to extend, demonstrating their commitment to the site
• 5% rental increases at the beginning of each option period, growing NOI and hedging against inflation
• The site receives additional income from an adjacent storage yard that currently brings in $3,127 in monthly rental income
• The lease is signed by Gerber Collision (Colorado), Inc.
• Founded in 1937, Gerber Collision is one of the largest auto collision and glass repair companies with over 800 locations across North America
Quick Glance
- Listing ID:
CL-Colorado-25960
- Status:
Active
- Year Build:
1981
- Building Size:
10,000 SqFt
- Lot Size:
N/A