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
1/6
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

• Tenant recently exercised their first 5-year option and still has 2 (5-year) options to extend, demonstrating their commitment to the site • 5% rental increases at the beginning of each option period, growing NOI and hedging against inflation • The site receives additional income from an adjacent storage yard that currently brings in $3,127 in monthly rental income • The lease is signed by Gerber Collision (Colorado), Inc. • Founded in 1937, 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 Glass

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

218505000000

ASK ABOUT THIS PROPERTY

Jack CornellSRS Real Estate PartnersMore Info
570-762-6075

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Jack CornellSRS Real Estate PartnersMore Info
570-762-6075

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