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Gerber Collision Sale-Leaseback, Lafayette, LA

Gerber Collision Sale-Leaseback, Lafayette, LA


Investment Summary

Price $2,950,000
Cap Rate 6.10%
NOI $179,950
Lease Term 15 years
Lease Type Absolute NNN sale-leaseback, with tenant responsible for all taxes, insurance, maintenance, and repair, including roof, structure, and parking lot
Rental Increases 8% rental increases every five (5) years
Year Built 1998
Building Size 15,722 SF
Lot Size 5.00 acres (217,800 SF)
Status Available
Lead Brokers Michael T. Yuras, CCIM
Vice Chairman
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Executive Managing Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Vincent Aicale
Vice Chairman
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Vice Chairman
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Investment Highlights

NEW 15-YEAR ABSOLUTE NNN SALE-LEASEBACK TO CORPORATE TENANT
» Brand new 15-year absolute NNN sale-leaseback to national auto collision tenant
» Zero landlord responsibilities, an excellent investment opportunity for a passive or out-of-area investor
» All Gerber locations have achieved the highest training level recognized in the collision industry, the I-CAR Gold Class Professionals® designation
» Gerber Collision has grown to one of the largest auto collision and glass repair companies in North America (800+ locations)
» Gerber Collision is one of the fastest growing auto collision tenants in the U.S.

HIGH-VISIBILITY LOCATION ALONG A STRONG RETAIL CORRIDOR
» Beneficial proximity to many automotive businesses such as Sterling Hyundai, INFINITI
of Lafayette, Hampton Toyota, Southwest Volkswagen, Audi Lafayette, Mercedes Benz of Lafayette, and Giles Subaru
» Positioned along U.S. Route 167 / Johnston Street (38,244 AADT), one of the main vehicular arteries flowing in and out of Lafayette, the property experiences high traffic volumes
» U.S. Route 167 / Johnson St is a main retail corridor within Lafayette, with popular community hubs such as the Acadiana Mall and the CAJUNDOME & Convention Center located along this route
» Nearby national retailers include The Home Depot, Walmart, Sam’s Club, Lowe’s, McDonald’s, Popeyes, Dollar General, Macy’s, Best Buy, PetSmart, and many others

NEAR IMPORTANT COMMUNITY CENTERS WITH STRONG DEMOGRAPHICS
» Over 88,650 residents live within 5 miles of the subject property – Greatly increasing local traffic to the area for auto repairs
» The average annual household income for residents of Lafayette living within 1 mile of the site is in excess of $129,977 (75% higher than the national average household income)
» Located less than 8 miles from Downtown Lafayette, the most populous city within the county and the third largest metropolitan area in Louisiana with a population of 478,384
» Located only 6.8 miles from the University of Louisiana at Lafayette campus, Gerber Collision has access to the 15,345 students enrolled

Property Description

» Exceptional Visibility and Access: This Gerber Collision is located along U.S. Route 167 / Johnston Street (38,244 AADT) with multiple access points into the property
» Densely Populated Community: Nestled in a thriving neighborhood, the site serves 88,652 residents within a five-mile radius, positioning itself as a crucial automotive service destination in the heart of Lafayette
» Strong Demographics: Within a one-mile radius, the area boasts an average annual household income of$129,977, reflecting the affluence of the local residents
» Strategic Location: The property is strategically located near prominent local attractions, including both Lafayette Regional Airport and Acadian Regional Airport
» Central Location Amidst Residential Developments: This Gerber Collision is centrally located, offering accessibility to local residential developments such as the Vincent Trace, Evangeline Grove, and Acadian Meadows
» Located in A Major MSA: The site is located less than 10 miles from Downtown Lafayette, the third largest metropolitan statistical area in Louisiana with a population of 121,322

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