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291 12th St
Plainwell, MI 49080
Gerber Collision & Glass · Retail Property For Sale
Investment Highlights
- Great Investment opportunity with long term NNN lease tenant in place.
- Only nationally recognized collision brand in the Plainwell market. High volume store.
- High visibility location at 12th St with easy access to Interstate-43.
Executive Summary
$94,500 a yr rent NNN; with an increase in 7/2028; 6.45 average cap rate term of the Lease
NN Lease with limited landlord responsibilities make this a passive investment. Corporate Guarantee from The Boyd Group.
Services Group; Gerber currently operates 700 locations.
Roof recently replaced, minimizing long term landlord expenses Parking lot was resealed/restriped in September of 2022.
Only nationally recognized collision brand in the Plainwell market. High volume store.
Seller will provided a current phase 1 ,2 environmental report and survey.
NN Lease with limited landlord responsibilities make this a passive investment. Corporate Guarantee from The Boyd Group.
Services Group; Gerber currently operates 700 locations.
Roof recently replaced, minimizing long term landlord expenses Parking lot was resealed/restriped in September of 2022.
Only nationally recognized collision brand in the Plainwell market. High volume store.
Seller will provided a current phase 1 ,2 environmental report and survey.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
12,480 SF
Building Class
C
Year Built
1998
Price
$2,046,360 CAD
Price Per SF
$163.97 CAD
Cap Rate
6.30%
NOI
$128,921 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.39 AC
Zoning
C - Commercial
Parking
39 Spaces (3.13 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
Property Taxes
| Parcel Number | 17-025-113-00 | Improvements Assessment | $291,265 CAD |
| Land Assessment | $123,464 CAD | Total Assessment | $414,729 CAD |
Property Taxes
Parcel Number
17-025-113-00
Land Assessment
$123,464 CAD
Improvements Assessment
$291,265 CAD
Total Assessment
$414,729 CAD
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