Gerber Collision & Glass | Birmingham, AL
New 15-Year Abs NNN Lease | 2% Annual Rent Increases
Marketing description
Cushman & Wakefield is pleased to present an exceptional investment opportunity to acquire a new 15-year absolute NNN corporate lease with Gerber Collision & Glass in Birmingham, Alabama. This property offers investors a fully passive income stream with 2% annual rental increases throughout the initial term and four five-year option periods, ensuring steady growth over the life of the lease. Under the absolute NNN lease structure, the tenant is responsible for all taxes, insurance, and maintenance including roof, structure, and parking lot, eliminating any landlord obligations.
Gerber Collision & Glass has grown to become one of the largest auto collision and glass repair companies in North America with over 850 locations and is part of the Boyd Group, Inc., publicly traded on the Toronto Stock Exchange. The company recently completed a $1.3 billion acquisition of Joe Hudson's Collision Center, adding 258 U.S. locations and increasing their total footprint by 25%, positioning them for significant revenue growth and cost synergies. All Gerber Collision & Glass locations have achieved the highest training level recognized in the collision industry, the I-CAR Gold Class Professionals designation.
The property is strategically located at the intersection of Resource Center Parkway and U.S. Route 280, one of the most highly trafficked thoroughfares in the region with over 90,000 vehicles per day. The site benefits from exceptional visibility and access, surrounded by major traffic drivers including a Target-anchored retail center, Walmart Supercenter, Grandview Medical Center with 1,000+ employees, The Summit Birmingham with approximately 8 million annual visitors, and numerous national retailers and restaurants. The location serves a growing population base of 105,694 residents within five miles with an extremely robust average household income of $164,031, supporting strong demand for auto body and collision services.
Investment highlights
- 15-year absolute NNN corporate lease to Gerber Collision.
- 2% annual rental increases in initial term and four (4) option periods of five years each 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 and glass 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.
- A large one-acre parcel offers ample parking and easy ingress/egress, catering to high-traffic auto body operations.
- 12,416-SF building to accommodate for Gerber Collision & Glass' extensive product line and auto body services.
- Prime infill positioning at the intersection of Resource Center Parkway and U.S. Route 280, a dominant regional corridor with traffic volumes exceeding 90,000 vehicles per day.
- Strategic access to Interstate 459, a key northeast–southwest arterial south of Downtown Birmingham, supporting traffic counts of approximately 98,000 vehicles per day and strong regional connectivity.
- The property is shadow-anchored by a high-performing Target-anchored retail center, creating constant spillover traffic and strong consumer crossover activity.
- The property is surrounded by a strong mix of institutional, retail, and healthcare demand generators, including Walmart Supercenter, Grandview Medical Center (434 beds; 1,000+ employees), The Summit Birmingham (approx. 8M annual visitors), Whataburger, Chick-fil-A, and many more.
- Supports a growing population base of 105,694 residents within five miles, reflecting 17% population growth since 2010.
- High-income demographics support strong spending power, with average household incomes exceeding $164,000 within five miles.
- Forecasted population and income growth across the surrounding 1-, 3-, and 5-mile trade areas is expected to support sustained demand and long-term performance for Gerber Collision & Glass and the Birmingham market.
- Less than 10 miles from Downtown Birmingham, the site benefits from access to a daytime population of more than 90,000 residents.
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