Gerber Collision

Highlights

• •Strong Commitment to Site with Rent Increases upon completion of Renovations in Lease
• •Corporate Guarantee with Gerber Collision & Glass
• •22,005 SQFT of Building Expansion completed in 3 phases between 2014-2019
• •New concrete lot 2014-2019. New Asphalt 2015
• •New roof installed Feb 2024 with new 20 year warranty
• •
• Central Hub in West Texas: Abilene is strategically positioned in West Texas, serving as a central hub for surrounding smaller communities.
• •Population Growth: Abilene has experienced steady population growth, with a current population of over 125,000 people. This growth trend indicates a thriving community with increasing demand for automotive services.
• •Growing Fleet Market: Abilene’s robust commercial sector includes many businesses with vehicle fleets, presenting additional opportunities for repeat business and long-term contracts for repair services.
• •Dyess Air Force Base: The presence of Dyess Air Force Base, a major employer in the area, contributes significantly to the local economy and provides a stable customer base for businesses.

Description

Graystone Capital Advisors is pleased to present the opportunity to acquire the fee-simple interest in a single-tenant Gerber Collision & Glass property located in Abilene, TX. This investment offers a stable and secure income stream backed by a corporate guarantee from Gerber Collision, one of the leading auto collision and glass repair companies in North America.

The property is under a long-term Triple Net (NNN) lease, which commenced on December 14, 2018, with a remaining term of approximately 4.75 years. The lease includes 8% rental increases every five years, providing an attractive hedge against inflation. Additionally, the lease offers three five-year renewal options, ensuring long-term income potential.

The property has undergone significant renovation and expansions. An additional 22,005 SQFT of structure was added in phases between 2014 and 2019 with new asphalt and concrete parking installed. Buildings have brand new TPO roof installed in Feb 2024.

Located in the bustling city of Abilene, TX, the area surrounding the property offers a vibrant mix of retail and vehicle-related establishments. Nearby points of interest include the bustling Mall of Abilene, attracting a steady flow of potential customers. The area is also home to various car dealerships, auto repair shops, and retail outlets, creating a hotbed of activity for businesses in the retail and vehicle-related sectors. With its strategic placement in Abilene, this location provides convenient access to major thoroughfares and a strong customer base, making it an attractive prospect for retailers and vehicle-related businesses looking to thrive in a dynamic commercial environment.