Gerber Collision & Glass Tenant Overview
Updated: November 6, 2023
Pros
- Rental increases during the primary term
- Essential service tenant
Cons
- Some NN leases hold landlord responsible for roof and structure
Tenant Description
Gerber Collision is a reputable and established company operating in the net lease commercial real estate space. With a solid track record and a strong presence in the automotive industry, Grber Collision specializes in providing collision repair services to customers. As a tenant, they bring stability, expertise, and a loyal customer base to any commercial property.
Gerber Collision was founded in 1998 by automotive enthusiast and entrepreneur, Michael Gerber. Starting as a small repair shop in a modest location, the company quickly gained recognition for its commitment to quality workmanship and exceptional customer service. Over the years, Gerber Collision expanded its operations and currently operates multiple locations across the region.
Average Cap Rate
6.89%
Trailing 12-month average
Average Property & Lease
| Average Sale Price |
$2,585,750 |
| NOI |
$178,153 |
| $/Square Foot |
$185 - $215 |
| Building SF |
12,000-14,000 |
| Lot Size |
1.00 - 2.00 acres |
| Lease Term |
10 years |
| Escalations |
Varies |
| Stock Symbol |
N/A |
Average Cap Rate Trend
Rates reflect year-over-year comparison
Recent Sales Comps
| Evanston, IL |
7.00% |
| Valrico, FL |
6.50% |
| Southern Pines, NC |
7.05% |
Featured Tenant Profiles
Sector: QSR
Avg. Cap Rate: 6.11%
Sector: Automotive
Avg. Cap Rate: 6.61%
Sector: Retail
Avg. Cap Rate: 6.89%
