Listed by Friedman Real Estate
$1,050,000
Gerber Collision
Details
APN 45-010-07-1115-301
Property Type Retail
Sub Type Commercial
Square Footage 9,990
Cap Rate 8.00%
NOI $83,832
Occupancy 100%
Tenancy Single
Brand/Tenant Gerber Collision (NYSE: BGSI)
Lease Type NN
Lease Term 2.5
Lease Expiration 09/07/2028
Remaining Term 2.3
Rent Bumps Yes
Lease Options 5
Year Built 2007
Acreage 0.440
8% CAP RATE GERBER COLLISION (NYSE: BGSI) 2.5% ANNUAL INCREASES
Investment highlights
- Leased to Gerber Collision (2nd largest Collision Company in the United States, 1,000+ locations)
- Gerber Collision purchased the existing business in 2023
- Over 36,000 vehicles per day drive by this property
- Strong demographics 18,000 people in 1-mile radius and 132,000 people in a 3-mile radius
- Lease is well below market rent/sf
- 2.5% annual increases (including in the options)
- (4) Five Year Options Remaining
Listing Contacts
Listed by Friedman Real Estate
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$83,832.00
$6,986.00/mo
Valuation Metrics
0
DSCR
7.98%
Cap Rate
7.98%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
