$1,180,000
Gerber Collision - Utica NY
Details
APN 305-018-0003-031-000-0000
Property Type Retail
Sub Type Storefront
Square Footage 23,250
Cap Rate 7.97%
NOI $94,080
Occupancy 100%
Tenancy Multi
Brand/Tenant Gerber Collision
Lease Type NN
Lease Term 10.4
Lease Expiration 07/31/2029
Remaining Term 3.1
Rent Bumps Yes
Lease Options 3x5 years
Broker Co-Op Yes
Year Built 1957
Acreage 2.190
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 03/01/2019
Occupancy Date 03/01/2019
Retail | 7.97% CAP | 23,250 SF
Marketing description
Investment highlights
- Can Be Sold in a Portfolio With Gerber Collision - 973 Hertel Ave - Buffalo Ny
- The Gerber Collision Lease Has a Corporate Guarantee by the Boyd Group (Tsx:byd)
- Gerber Collision is a Service-oriented and Recession Resistant Tenant
- Within a Five-mile Radius There is a Population of Over 108,000 People With an Average Household Income of Over $74,000
- The Vacancy Rate Within a Three-mile Radius There Are ±9.9mm Sf of Retail Space With a Vacancy Rate of ±1.0%, Indicating a Significant Demand and Limited Supply for Retail Space in the Area
- Surrounded by Other Auto Retailers and Servicers Such as Nissan, Toyota, Honda, Chrysler, Ram, Dodge, Jeep, Subaru, Volkswagen, Chevrolet, Ford, Lincoln, Mazda, Napa Auto Parts, Speedway, Hyundai, and Advance Auto Parts Which Can Increase Auto Customers to the Site
- Subject Has Direct Frontage and Signage on Commercial Drive, a Retail Thoroughfare That Sees ±18,000 Vehicles Per Day
- Subject Has Direct Access to New York State Route 5a via Commercial Drive, Which Provides Convenient Access to the Entire Regional Expressway System
- There Are Currently Only Two Gerber Collisions on the Market Nationwide
Listing Contacts
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$94,080.00
$7,840.00/mo
Valuation Metrics
0
DSCR
7.97%
Cap Rate
7.97%
ROI
Map
Zoning
M-1 IndustrialManufacturing
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View all 59 uses
View all 59 uses Last updated Mar 24, 2026 For deeper zoning details, reports are available at Zoneomics
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Property History
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