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28837481
28837506

2824-2828 Jordan Ln NW, Huntsville, AL 35816

MM
CA CA 01888322
Prime Net Lease
AS
CA 01979555
Prime Net Lease
Listed by Prime Net Lease
$1,000,000
20 days on market
Updated 20 days ago

Gerber Collision & Glass

Details
Property Type Retail, Special Purpose
Sub Type Auto Shop, Storefront
Square Footage 7,057
Cap Rate 7.2%
NOI $72,000
Occupancy 100%
Tenancy Single
Lease Type NN
Lease Term 5
Lease Expiration 04/20/2028
Remaining Term 1.8
Rent Bumps Yes
Lease Options Four, 5-Year Options
Price per SqFt $142
Broker Co-Op Yes
Year Built 1979
Acreage 1.280
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 04/21/2023
Ground Lease No
Ownership Fee Simple

7.20% CAP | Corporate Guarantee | Large 1.28 Acre Lot

Marketing description

Prime Net Lease is pleased to present an exceptional opportunity to acquire the fee simple interest in a corporately guaranteed Gerber Collision & Glass located in Huntsville, Alabama. Built in 1979, this 7,057-square-foot facility sits on a substantial 1.28-acre site comprised of two adjacent parcels, offering excellent visibility, accessibility, and long-term operational flexibility. This asset is ideal for investors seeking stable income, minimal management responsibilities, and strong tenant credit.

The property is secured by a Double Net (NN) lease with the Boyd Group and features 2.5 years remaining on the current term. The lease includes four 5-year renewal options, each providing 5% rental increases throughout the option periods—ensuring reliable income growth and enhancing the long-term value of the investment.

Strategically positioned along Ardmore Highway, a well-traveled arterial roadway in Huntsville, the site benefits from strong traffic counts, consistent consumer draw, and excellent street visibility. The property’s sizable lot footprint and dual-parcel configuration create an attractive foundation for continued tenant success or potential future redevelopment.

Located within a thriving commercial corridor, the property is surrounded by major national retailers such as O’Reilly Auto Parts, AutoZone, Chick-fil-A, Aldi, Trader Joe’s, and Sam’s Club. This high-profile retail synergy reinforces the strength of the location and further supports long-term tenant demand.

As one of the nation’s leading auto repair operators—with 85+ years in business and more than 800 locations—Gerber Collision continues to demonstrate strong brand resilience and aggressive expansion across the U.S. Coupled with a corporate guarantee from the Boyd Group, this offering delivers a compelling combination of tenant credit, passive income, and strategic real estate fundamentals in one of Alabama’s fastest-growing markets.

Investment highlights

RENTAL INCREASES – The lease features 5% rental escalations throughout all four 5-year option periods, providing investors with consistent income growth and a reliable hedge against inflation.

MARKET DOMINANT AUTO REPAIR – Gerber Collision has been in business for more than 85 years, operates 800+ locations, and has aggressive expansion plans for the next several years.

CORPORATE GUARANTEE – This location is operated by the Boyd Group and backed by a corporate guarantee, providing added financial stability and assurance with the lease guaranteed by the established corporate operator.

HIGH TRAFFIC AREA – The property benefits from excellent visibility along the Ardmore Hwy, a major thoroughfare in the area which sees high vehicle traffic on a daily basis.

LARGE LOT – Situated on two adjacent parcels totaling 1.28-acres, the site offers exceptional visibility, easy accessibility, and ample space to support long-term operational flexibility or future redevelopment opportunities.

STRONG RETAIL SYNERGY – The property is surrounded by nationally recognized retailers, including O'Reilly Auto Parts, AutoZone, Chick-fil-A, Aldi, Trader Joe's, and Sam's Club further enhancing consumer traffic and long-term value.

Listing Contacts

MM
CA CA 01888322
Prime Net Lease
AS
CA 01979555
Prime Net Lease
Listed by Prime Net Lease

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$72,000.00
$6,000.00/mo

Valuation Metrics

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DSCR
7.2%
Cap Rate
7.2%
ROI

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