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27913425
27913426

2821 Capital Blvd, Raleigh, NC 27604

GB
NC NC 312724, CA CA 01196537 (+3)
Sands Investment Group
CC
CT Lic. # RES.0823815
Sands Investment Group
BP
NC 347566
Sands Investment Group
Listed by Sands Investment Group
$4,148,600
223 days on market
Updated 26 days ago

Gerber Collision & Glass - Raleigh, NC

Details
Property Type Retail
Sub Type Auto Shop
Square Footage 17,835
Cap Rate 6.1%
NOI $253,064
Occupancy 100%
Tenancy Single
Brand/Tenant Gerber Collision & Glass
Lease Type NNN
Lease Term 5
Lease Expiration 07/31/2028
Remaining Term 2.1
Rent Bumps Yes
Lease Options 2 x 5 Year Options
Price per SqFt $233
Year Built 1965
Acreage 2.240
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 08/01/2023

Prime Location | NNN Gerber Collision & Glass | Recently Renovated | 25+ Year History

Marketing description

Sands Investment Group is pleased to exclusively offer for sale the 17,835 SF Gerber Collision & Glass located at 2821 Capital Blvd in Raleigh, NC. This property boasts over 180 feet of prime frontage along Capital Blvd, with two convenient access points providing excellent visibility and accessibility. The rear building roof was replaced in 2025 and is backed by a 20-year warranty, while the front roof was replaced in 2019, ensuring minimal near-term capital expenses. Overall, this offering presents a strong and reliable investment opportunity in a high-traffic commercial corridor.

Investment highlights

  • Gerber Collision & Glass is the nation’s 2nd leading collision repair company with 850+ locations across the U.S. and an annual revenue of $3.1B in 2024.

  • This property is situated on Capital Blvd in Raleigh, seeing over 68,849 vehicles per day (VPD).

  • The property is approximately 3.5 miles from downtown and located just one lot over from an Exxon gas station on a signalized hard corner.

  • According to a CNBC study, North Carolina ranks #1 in America’s top states for business.

  • Raleigh is the 2nd largest metro in the state. Since 2020, the Raleigh–Cary metro area has grown by 10.2% to 1.6 million people (Axios–Raleigh).

  • Gerber Collision & Glass (Tru2Form) has operated at this location since 1998 and is currently in its 4th option period, with two (5-year) renewal options remaining.

  • The property features over 180 feet of road frontage with two entry points on Capital Blvd.

  • The roof on the rear building was replaced in 2025 with a 20-year warranty, while the front roof was replaced in 2017. Please contact the broker for more details.

Listing Contacts

GB
NC NC 312724, CA CA 01196537 (+3)
Sands Investment Group
CC
CT Lic. # RES.0823815
Sands Investment Group
BP
NC 347566
Sands Investment Group
Listed by Sands Investment Group

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$253,064.00
$21,088.67/mo

Valuation Metrics

0
DSCR
6.1%
Cap Rate
6.1%
ROI

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Additional Information

Name
Chris Sands
License
NC #300021
Title
Broker of Record
Name
Gary Berwick
License
NC 312724
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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