Listed by Sands Investment Group, Sands Investment Group Philadelphia
$1,825,000
Gerber Collision & Glass Portfolio - TN
Details
Property Type Retail
Sub Type Auto Shop, Storefront
Square Footage 20,972
Cap Rate 7.18%
NOI $131,040
Occupancy 100%
Tenancy Single
Brand/Tenant Joe Hudson's Collision Center
Lease Type Absolute NNN
Lease Term 10
Lease Expiration 04/30/2032
Remaining Term 5.9
Rent Bumps Yes
Lease Options 3 x 5 Year
Price per SqFt $87
Acreage 2.840
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 04/28/2017
Gerber Collision & Glass Portfolio | Tax Free State - TN | ABS NNN | High Traffic Sites
Marketing description
Two-property net lease portfolio occupied by Gerber Collision & Glass, one of North America's largest auto collision repair and glass replacement chains, operating 1300+ locations across the US and Canada as a subsidiary of Boyd Group Services. This deal includes an Absolute Triple Net (NNN) Lease structure—no landlord responsibilities for true passive cash flow and strong rent durability from an essential-use, recession-resistant tenant, offering long-term financial stability.
Investment highlights
- Absolute Triple Net (NNN) Lease Structures: No landlord responsibilities for true passive cash flow and strong rent durability from an essential-use, recession-resistant tenant.
- Recent Site Improvements: Demonstrates strong tenant commitment to the Shelbyville and Manchester locations.
- High-Visibility, High-Traffic Sites: Both locations sit along well-traveled corridors (Colloredo Boulevard in Shelbyville & Hillsboro Boulevard in Manchester), providing exceptional brand exposure and accessibility.
- Middle Tennessee Growth Markets: Shelbyville and Manchester are fast-growing submarkets with expanding residential and commercial development, benefiting from proximity to Murfreesboro and the I-24 growth corridor.
Listing Contacts
Listed by Sands Investment Group, Sands Investment Group Philadelphia
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$131,040.00
$10,920.00/mo
Valuation Metrics
0
DSCR
7.18%
Cap Rate
7.18%
ROI
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