Gerber Collision & Glass Tenant Overview



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
Credit Rating
S&P N/A
Moody's N/A
Average Cap Rate Trend
6.75%
2022
6.89%
2023
Rates reflect year-over-year comparison
Recent Sales Comps
Evanston, IL 7.00%
Valrico, FL 6.50%
Southern Pines, NC 7.05%