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33864585
33864586

12621 Ryewater Dr, Houston, TX 77089

MY
CA 01823291
Cushman & Wakefield - Sacramento, California
SC
CA 01318288
Cushman & Wakefield - Sacramento, California
VA
CA CA 01728696
Cushman & Wakefield - Sacramento, California
RF
CA CA 01716551
Cushman & Wakefield - Sacramento, California
Listed by Cushman & Wakefield - Sacramento, California
$6,837,000
7 days on market
Updated 7 days ago

Gerber Collision & Glass

Details
Property Type Retail
Sub Type Storefront, Auto Shop
Square Footage 17,685
Cap Rate 5.35%
NOI $365,766
Tenancy Single
Brand/Tenant Caliber Collision, Gerber Collision & Glass
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 12/31/2039
Remaining Term 13.5
Rent Bumps Yes
Lease Options 4, 5-year options
Year Built 2006
Buildings 1
Acreage 3.780
Parking Spaces 100 spaces
Parking Per SqFt 5.65
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 12/30/2024
Ground Lease No

Gerber Collision in Houston | Abs NNN Lease | Annual Increases

Marketing description

Positioned at the heart of a thriving Houston retail corridor, the property enjoys exceptional exposure near the Dixie Farm Road and Gulf Freeway intersection, where more than 67,000 vehicles pass daily. Interstate 45 provides a powerful stream of commuter and regional traffic, connecting the site directly to Downtown Houston while delivering outstanding visibility to over 206,000 daily motorists.

Situated within an established retail trade area anchored by leading national brands including Walmart Supercenter, Sam's Club, H-E-B, The Home Depot, In-N-Out Burger, Texas Roadhouse, Chick-fil-A, and numerous complementary retailers. Just minutes from Baybrook Mall, one of the state's largest shopping destinations, the site benefits from the drawing power of more than 170 retailers, restaurants, and entertainment venues.

More than 255,000 residents live within five miles of the property, creating an enormous consumer base that continues to support area businesses and future growth. Strong household purchasing power drives the trade area, with average annual incomes exceeding $114,000 within a five-mile radius.

Investment highlights

  • 15-year absolute NNN corporate lease to a national auto collision tenant.
  • 2% annual rental increases deliver steady growth throughout the life of the term.
  • Tenant covers all taxes, insurance, and maintenance, including roof, structure, and parking lot, providing a fully passive investment.
  • Gerber Collision & Glass has grown to one of the largest auto collision repair companies in North America (850+ locations) and is part of the Boyd Group, Inc. (Toronto Stock Exchange: "BYD.TO").
  • All Gerber Collision & Glass locations have achieved the highest training level recognized in the collision industry, the I-CAR Gold Class Professionals® designation.
  • By mid-2025, Boyd (including Gerber Collision & Glass) exceeded 1,000 North American locations, reinforcing its position as one of the largest collision repair operators on the continent.
  • The 2025 acquisition of Joe Hudson's Collision Center added 258 U.S. locations and increased total footprint by 25%, positioning Gerber Collision & Glass/Boyd for significant revenue growth and cost synergies in 2026.
  • An extremely large 3.78-acre parcel offers ample parking and easy ingress/egress, catering to high-traffic auto body operations.
  • 17,685-SF building to accommodate for Gerber Collision & Glass' extensive product line and auto body services.
  • More than 255,000 residents live within five miles of the property, creating an enormous consumer base that continues to support area businesses and future growth.
  • Strong household purchasing power drives the trade area, with average annual incomes exceeding $114,000 within a five-mile radius.
  • Continued projected income gains across the surrounding market provide a favorable foundation for future sales growth and long-term tenant performance.
  • The absence of state income tax continues to attract new residents and businesses to Texas, reinforcing the long-term appeal of the Houston market.

Listing Contacts

MY
CA 01823291
Cushman & Wakefield - Sacramento, California
SC
CA 01318288
Cushman & Wakefield - Sacramento, California
VA
CA CA 01728696
Cushman & Wakefield - Sacramento, California
RF
CA CA 01716551
Cushman & Wakefield - Sacramento, California
Listed by Cushman & Wakefield - Sacramento, California

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$365,766.00
$30,480.50/mo

Valuation Metrics

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DSCR
5.35%
Cap Rate
5.35%
ROI

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