Listed by Matthews
$1,383,155
Gerber Collision & Glass
Details
Property Type Retail
Sub Type Auto Shop
Square Footage 9,375
Net Rentable (SqFt) 9,375
Units 1
Cap Rate 6.75%
NOI $93,363
Tenancy Single
Brand/Tenant Gerber Collision & Glass
Lease Type NN+
Lease Expiration 09/07/2033
Remaining Term 7.1
Rent Bumps Yes
Lease Options 4, Five Year Options
Year Built 1992
Acreage 2.570
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 09/08/2023
Ground Lease No
Gerber Collision | Huntsville MSA | 7 Years Remaining
Marketing description
Gerber Collision & Glass is a leading provider of collision repair and auto glass services across the United States. With a long-standing history and strong brand recognition, the company is known for delivering high-quality workmanship and exceptional customer service. Headquartered in Illinois, Gerber serves a broad customer base, including individual vehicle owners and insurance partners. Its comprehensive service offerings, operational consistency, and commitment to modern technology make it a prominent and trusted name in the automotive repair industry.
Investment highlights
- Steady Rental Growth: Features 2.0% annual rent increases throughout the initial term and all option periods, providing a strong built-in hedge against inflation.
- Corporate Backing: Leased to JHCC Holdings LLC, which operates as a key brand under Boyd Group Services Inc. (Gerber Collision & Glass), combining local market strength with multi-billion-dollar public corporate stability.
- Brand-New TPO Roof: Property conditions include a brand-new TPO roof replacement, offering long-term structural warranty protection and heavily minimizing future landlord Cap-Ex risks.
- High-Traffic Corner Location: Situated on an expansive 1.8-acre corner parcel at U.S. Highway 31 and Peach Orchard Road, boasting strong visibility with approximately 21,320 vehicles per day (VPD).
- Strategic Retail Corridor: Positioned just down the road from a high-volume Lowe's Home Improvement on Highway 31 — a major regional thoroughfare that directly connects the growing economies of Cullman and Decatur.
- Low Landlord Maintenance: Highly passive lease structure where the tenant pays utilities directly, handles day-to-day site repairs, and covers real estate taxes and insurance.
- Long-Term Site Commitment: Initial 10-year term with four (4), 5-year renewal options, giving this asset up to a 30-year total lease lifecycle.
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$93,363.00
$7,780.25/mo
Valuation Metrics
0
DSCR
6.75%
Cap Rate
6.75%
ROI
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