12621 Ryewater Dr - Auto Repair FOR SALE


Houston, TX 77089- Southbelt-Ellington
$6,837,000 USD
415-852-5177
12621 Ryewater Dr, Houston, TX for Sale
$6,837,000 USD
Auto Repair - FOR SALE
1/9
null | 5.35% Cap Rate

12621 Ryewater Dr
Houston, TX 77089
Southbelt-Ellington


HIGHLIGHTS

  • 15-year absolute NNN corporate lease to a national auto collision tenant.
  • 2% annual rental increases deliver steady growth throughout the life of the term.
  • Tenant covers all taxes, insurance, and maintenance, including roof, structure, and parking lot, providing a fully passive investment.
  • Gerber Collision & Glass has grown to one of the largest auto collision repair companies in North America and is part of the Boyd Group.

OVERVIEW

This Gerber Collision & Glass property occupies a strategic infill location with direct frontage on Interstate 45, one of the region’s most heavily traveled highways, featuring traffic counts exceeding 206,000 vehicles per day. Gerber Collision & Glass is among North America’s largest auto collision and glass repair companies, operating more than 850 locations under the Boyd Group, Inc. (Toronto Stock Exchange: BYD.TO), ensuring reliable tenancy. The site is positioned less than 1.5 miles from San Jacinto College South, with approximately 7,300 students, and Memorial Hermann Southeast Hospital, a 293-bed facility employing over 2,200 people, creating a strong built-in customer base. Additionally, the property is located under two miles from Joint Reserve Base Ellington, a key military installation home to more than 2,700 personnel. The surrounding area offers an impressive demographic profile with 255,205 residents within a five-mile radius and an average annual household income of $114,016. Anchored by strong retail synergy, the location is surrounded by high-traffic retailers such as Walmart Supercenter, Sam’s Club, H-E-B, The Home Depot, Target, In-N-Out Burger, and Chick-fil-A. Featuring an absolute NNN lease, the property requires zero landlord management responsibilities, as all maintenance and expense obligations, including roof, structure, and parking lot, are transferred to the tenant. Market fundamentals remain robust, with projected income growth within one-, three-, and five-mile radii, positioning both the asset and Houston for continued upward momentum.

FOR SALE DETAILS

PRICE

$6,837,000 USD

PRICE/SF

$405 USD /SF

CAP RATE

5.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

12621 Ryewater Dr, Houston | Gerber Collision

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Auto Repair, Service Station, Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

110

LAND DETAILS

LAND ACRES

3.78 AC

LAND SF

164,874 SF

ZONING

-

APN/PARCEL ID

1269960010001

ASK ABOUT THIS PROPERTY

Michael YurasCushman & WakefieldMore Info
415-852-5177

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Michael YurasCushman & WakefieldMore Info
415-852-5177

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