Listing Summary
Single-tenant Gerber Collision & Glass NNN investment for sale. $684,480 price, high 7.97% cap rate, $54,553 NOI with 1.5% annual bumps. 11,000 SF building
Full Description
Single-Tenant Gerber Collision & Glass Net-Lease Investment
An exceptional high-yield commercial real estate acquisition opportunity featuring a freestanding 11,000-square-foot commercial asset. Offered at $684,480, this property is 100% single-tenant occupied by Gerber Collision & Glass, one of North America's premier collision repair and automotive service operators. Delivering an immediate 7.97% cap rate and $54,553 in annual Net Operating Income (NOI), this offering provides investors with predictable cash flow, contractual annual rent growth, and low landlord management obligations.
Investment Specifications & Financial Overview
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Purchase Price: $684,480
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Cap Rate: 7.97%
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Annual Net Operating Income (NOI): $54,553
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Tenant / Brand: Gerber Collision & Glass
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Parent Company / Guarantee: Backed by Boyd Group Services Inc. (TSX: BYD / OTC: BFGIF)
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Building Size: 11,000 Net Rentable SF
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Property Type: Net-Lease Retail / Automotive Service / Flex Storefront
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Occupancy: 100% Single-Tenant
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Lease Structure: Double Net (NN) — Minimal Landlord Responsibilities
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Rent Escalations: 1.5% Annual Increases (Contractual Inflation Protection)
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Remaining Lease Term: ~1.9 Years (Initial Term Expiration: July 20, 2028)
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Renewal Options: Three (3) Additional 5-Year Options
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Ownership: Fee Simple
Essential Automotive Tenant & Corporate Backing
Gerber Collision & Glass is a market leader in collision repair, auto glass replacement, and vehicle maintenance, operating over 500 locations across North America under parent entity Boyd Group Services Inc.:
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Recession-Resilient Industry: Collision repair and automotive service represent essential, non-disruptible commercial sectors insulated from e-commerce competition and economic downturns.
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Built-In Income Expansion: Features contractual 1.5% annual rental increases, ensuring compound NOI appreciation every year throughout the initial lease term and extension options.
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Management-Light NN Lease: Under the Double Net structure, operating overhead and day-to-day maintenance burdens are shifted to the tenant, offering investors a low-maintenance, passive income stream.
Versatile 11,000 SF Storefront Infrastructure & Submarket Drivers
The property features a substantial physical footprint with versatile commercial capabilities and high visual exposure:
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Substantial Physical Asset: The 11,000 SF building provides expansive interior floor space, functional service/showroom bays, and strong curb appeal with wide storefront frontage.
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High-Visibility Commercial Corridor: Positioned along a heavily traveled thoroughfare, the site captures steady daily drive-by traffic and continuous customer volume.
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Ample On-Site Parking: Generous dedicated parking area accommodating customer vehicles, staff parking, and vehicle staging.
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Dense Submarket Fundamentals: Embedded within a mature commercial and residential trade area, providing a steady stream of local customer demand and vehicle service volume.
Key Investment Highlights
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High 7.97% Going-In Cap Rate producing $54,553 in stable annual NOI.
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Nationally Recognized Brand backed by industry leader Boyd Group Services Inc.
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1.5% Annual Rent Bumps delivering predictable compound yield enhancement.
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Substantial 11,000 SF Building offering long-term real estate utility and strong physical footprint value.
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Passive Double Net (NN) Structure creating low-overhead, passive cash flow.
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Three 5-Year Renewal Options extending potential tenancy well into the future.
Quick Glance
- Listing ID:
CL-Louisiana-28372
- Status:
Active
- Year Build:
N/A
- Building Size:
11,000 SqFt
- Lot Size:
N/A
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