1210 Devereux Rd - Auto Repair FOR SALE


Glenwood Springs, CO 81601
$3,500,000 USD
570-762-6075
1210 Devereux Rd, Glenwood Springs, CO for Sale
$3,500,000 USD
Auto Repair - FOR SALE
1/10
null | 5.93% Cap Rate

1210 Devereux Rd
Glenwood Springs, CO 81601


HIGHLIGHTS

  • Recent Extension | Corporate Signed | Additional Income |Reputable Auto Repair Company
  • NNN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
  • Located Along Interstate 70 | Nearby National/Credit Tenants
  • Strong Demographics in 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, Gerber Collision investment property located in Glenwood Springs, Colorado. The tenant, Gerber Collision recently executed their first 5-year option period and has 2 (5-year) options to extend remaining, demonstrating their commitment to the site. The lease features 5% rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. The property also receives additional income from the adjacent storage yard that generates $3,127 in monthly rental income. Gerber Collision is one of the largest auto collision and glass repair companies with over 800 locations across North America.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$470 USD /SF

CAP RATE

5.93%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Gerber Collision and Storage Lot

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

43

LAND DETAILS

LAND ACRES

1.9 AC

LAND SF

82,764 SF

ZONING

I2

APN/PARCEL ID

R080501

ASK ABOUT THIS PROPERTY

Jack CornellSRS Real Estate PartnersMore Info
570-762-6075

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Jack CornellSRS Real Estate PartnersMore Info
570-762-6075

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.