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1607 East Commerce St 1607 E Commerce St 5,120 SF Industrial Building Greenville, AL 36037 $596,488 CAD ($116.50 CAD/SF) 7.34% Cap Rate
Investment Highlights
- Corporate lease with JHCC Holdings, LLC and double net lease structure.
- 7.34% cap rate with a low acquisition basis of $420,000.
- Gerber operates 1,000+ collision repair facilities across North America.
- Below-market rent of $6.56/SF vs. market rate of $10.12/SF — significant upside.
- Tenant occupied for more than 20 years with two remaining 5-year renewal options.
- Located between U.S. Highway 31 and the Greenville Bypass for convenient access.
Executive Summary
Hutt Cooke
Matthews Real Estate Investment Services, Inc
000168807-0, 000110253 - 0 (AL)
1600 West End Ave, Ste. 1500 Nashville, TN 37203 (866) 889-0550
Property Facts
| Price | $596,488 CAD | Building Class | C |
| Price Per SF | $116.50 CAD | Lot Size | 2.02 AC |
| Sale Type | Investment | Rentable Building Area | 5,120 SF |
| Cap Rate | 7.34% | No. Stories | 1 |
| Property Type | Industrial | Year Built | 2002 |
| Property Subtype | Service | Tenancy | Single |
| Price | $596,488 CAD |
| Price Per SF | $116.50 CAD |
| Sale Type | Investment |
| Cap Rate | 7.34% |
| Property Type | Industrial |
| Property Subtype | Service |
| Building Class | C |
| Lot Size | 2.02 AC |
| Rentable Building Area | 5,120 SF |
| No. Stories | 1 |
| Year Built | 2002 |
| Tenancy | Single |
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Services
- -
- -
- -
Joe Hudson’s Collision Center specializes in high-quality auto body and collision repair services, leveraging state-of-the-art technology and skilled technicians to ensure vehicles are restored to factory standards. Our locations offer a comprehensive range of services, including body paint, structural repairs, and a lifetime warranty on metalwork. Since 1989, Joe Hudson's Collision Center has been recognized for our commitment to excellence, providing manufacturer-approved parts for a wide variety of vehicles while ensuring long-term reliability and performance.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Services | - | - | - |
Property Taxes
| Parcel Number | 0904183001001002 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $92,118 CAD |
Property Taxes
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1607 East Commerce St | 1607 E Commerce St
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