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Gerber Collision | New 5yr NN 17014 Airline Hwy 17,149 SF Retail Building Prairieville, LA 70769 $3,146,181 CAD ($183.46 CAD/SF) 7% Cap Rate

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Investment Highlights

Brand New, 5-Year Lease | Options To Extend | Reputable Auto Repair Company
Highly Trafficked Corridor | Nearby National/Credit Tenants | Growing Population

NN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
Strong Demographics In 5-Mile Trade Area

Executive Summary

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a, Gerber Collision and Glass investment property located in Prairieville, Louisiana. The tenant, Gerber Collision and Glass, recently signed a brand new 5-year lease with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases at the beginning of each of the 5-year option periods, steadily growing NOI and providing a hedge against inflation. The lease has minimal landlord responsibilities making it an ideal, low management investment opportunity for a passive investor. Gerber Collision is one of the largest private auto collision and glass repair companies in North America with over 800 locations.

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Auto Repair

Building Size

17,149 SF

Building Class

Year Built

2000

Price

$3,146,181 CAD

Price Per SF

$183.46 CAD

Cap Rate

NOI

$220,219 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.39

Lot Size

1.00 AC

Zoning

MU - Mixed Use Corridors

Parking

29 Spaces (1.69 Spaces per 1,000 SF Leased)

Dedicated Turn Lane

Pylon Sign

Signage

Signalized Intersection

Services
99,999 SF
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Jan 0000

Gerber Collision & Glass began in Chicago in 1937 as a single auto glass and trim shop founded by Phil Gerber. The company now focuses on auto collision repair, auto body service, and auto glass work for many makes and models, including windshield replacement and repair. Gerber Collision & Glass also supports repair scheduling, auto glass quotes, repair estimates, mobile glass service, and insurance claim assistance, while working as an approved repair facility for many insurers. As part of Boyd Group, the business remains a familiar name in North American collision repair and glass service.