Gerber Collision & Glass
100% Occupied | 10,224 SF | Recent Landlord Improvements
Marketing description
Fortis Net Lease is pleased to exclusively present this strategically located Gerber
Collision investment opportunity in Aurora, approximately 20 miles west of Downtown
Chicago. Positioned within one of the Chicago metropolitan area’s most established and
densely populated suburban corridors, benefitting exceptional demographics, strong
traffic patterns, and long-term commercial demand.
The property features two complementary income streams from Gerber Collision and
Classic Towing, whose longstanding operational relationship creates a synergistic
business environment that enhances the functionality and stability of the site. Gerber
Collision has successfully operated at this location for 22 years and recently
demonstrated its long-term commitment to the property by exercising the first of four
five-year extension options and increasing rental rate by 10%, extending the lease
through December 31, 2030.
Classic Towing has also operated from the property for more than two decades and
currently occupies the premises on a favorable month-to-month arrangement, providing
ownership with meaningful flexibility and a compelling opportunity to increase Net
Operating Income (NOI) and enhance overall cash-on-cash returns through future lease
restructuring or repositioning strategies.
The asset is surrounded by a strong concentration of national and regional retailers
including AutoZone, Meineke, Firestone Complete Auto Care, Starbucks, Sherwin-
Williams, and Five Below, along with numerous quick-service restaurant operators.
Approximately 200,000 residents live within a five-mile radius, with average household
incomes approaching $100,000.
Investment highlights
- Leased to Gerber Collision: 1,320+ Locations in the U.S. Second largest Multi-Shop Operator (MSO) in the Collision Industry
- Landlord invested $200,000 in property (new parking lot) and interior upgrades
- Tenant Commitment to Location: Gerber amended original lease in 2020 and added four (4) additional five (5) year extensions through 12/31/45 with 10% Rent Bumps Every 5 Years
- Market Dominance: Gerber has been at this location for 22 Years with direct frontage on Illinois Route 31 (N Lake Street) with over 22,000 Vehicles Per Day
- Recession Resistant Business: Over 290 millions vehicles on the road; distracted driving is on the rise, spurring demand
- Major National Retailers in the Area: AutoZone, Meineke, AAMCO, Firestone, Starbucks, Dunkin, Sherwin Williams & More
- Strong Demographics: Aurora is approximately 20 Miles West of Downtown Chicago and considered one of the best places to live in Illinois and one of the safest cities in the United States. Nearly 200,000 residents within 5 miles; Average HH income within 5 miles is approximately $100,000
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