Listed by Sands Investment Group
$3,173,000
Gerber Collision & Glass and Baker's Towing - Texarkana, TX
Details
Property Type Retail
Sub Type Auto Shop
Square Footage 24,550
Cap Rate 7.13%
NOI $226,200
Occupancy 100%
Tenancy Multi
Brand/Tenant Joe Hudson's Collision Center & Baker's Towing
Lease Type NN
Rent Bumps Yes
Lease Options Varies
Price per SqFt $129
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Collision Center | Prime Auto Corridor & High-Visibility | Tax Free State - Texas
Marketing description
Sands Investment Group is pleased to exclusively offer for sale the 24,550 SF Gerber Collision & Glass and Baker’s Towing & Recovery located at 3327 & 3407 S Lake Drive in Texarkana, TX. This offering features a dual-tenant, net-leased automotive services property anchored by Gerber Collision & Glass, a national operator, providing minimal landlord responsibilities and stable in-place income across both tenants.
Investment highlights
- Strong Anchor Tenant Net Lease: Collision center occupied by Gerber Collision & Glass, a multi-location national collision repair operator with 1300+ locations across the United States. Gerber Collision & Glass operates under The Boyd Group Services Inc. ("BGSI").
- Baker’s Towing & Recovery: Baker’s Towing & Recovery operates one of the most comprehensive heavy-duty fleets in the Texarkana region, with service coverage extending across both Texas and Arkansas. This infrastructure enables Baker’s to service state police, commercial fleets, and accident scenes across multiple counties, underscoring its entrenched position as a mission-critical service provider in the Ark-La-Tex corridor.
- Double Net (NN) Leases: Minimal landlord responsibilities with stable in-place income across both.
- Prime Automotive Corridor: Located along S Lake Drive (State Highway 93), a heavily trafficked commercial route with strong visibility and direct access.
Listing Contacts
Listed by Sands Investment Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$226,200.00
$18,850.00/mo
Valuation Metrics
0
DSCR
7.13%
Cap Rate
7.13%
ROI
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