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Gerber Collision 3045 W Loop 281 9,160 SF 100% Leased Retail Building Longview, TX 75604 $2,271,386 CAD ($247.97 CAD/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Qualifies for accelerated depreciation (confirm with your CPA)
- Roof resealed in 2023 and the parking lot was re-done in 2022, leaving the building in great condition.
- Longview is the second largest city in East Texas and is a major center for healthcare, manufacturing and oilfield services. Located on I-20 and US-80
- Daily traffic counts over 16,000 VPD.
- Gerber Collision acquired the local operator in 2023 who had been in business or 17+ years at the subject property.
- Seller financing potentially available
EXECUTIVE SUMMARY
Transwestern is pleased to exclusively offer for sale a single tenant Gerber Collision in Longview, TX. Gerber Collision acquired the local operator in 2023 who had been in business for over seventeen years. The property sits on 1.23 acres with a 9,160 SF building. The roof was resealed in 2023 and the parking lot was re-done in 2022, leaving the improvements in very good condition. Gerber Collision is the second largest auto collision repair company in North America with 859 non-franchised locations in the US. Gerber’s parent company, the Boyd Group, is a Canadian corporation traded on the Toronto Stock Exchange with $3B in revenue in 2024. Longview, TX is the second largest city in East Texas with a population over 84,000. It is a major center for healthcare, manufacturing and oilfield services.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
9,160 SF
Year Built
1998
Price
$2,271,386 CAD
Price Per SF
$247.97 CAD
Cap Rate
7%
NOI
$159,053 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.17
Lot Size
1.23 AC
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Gerber Collision
- -
- -
- -
- Triple Net
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Gerber Collision | - | - | - | Triple Net | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 49436 | Improvements Assessment | $462,258 CAD |
| Land Assessment | $149,593 CAD | Total Assessment | $611,851 CAD |
PROPERTY TAXES
Parcel Number
49436
Land Assessment
$149,593 CAD
Improvements Assessment
$462,258 CAD
Total Assessment
$611,851 CAD
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Gerber Collision | 3045 W Loop 281
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