17014 Airline Hwy - Auto Repair FOR SALE


Prairieville, LA 70769
$2,437,000 USD
858-603-8436
17014 Airline Hwy, Prairieville, LA for Sale
$2,437,000 USD
Auto Repair - FOR SALE
1/9
null | 6.5% Cap Rate

17014 Airline Hwy
Prairieville, LA 70769


HIGHLIGHTS

  • Brand New, 5-Year Lease | Options To Extend | Reputable Auto Repair Company
  • NN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
  • Highly Trafficked Corridor | Nearby National/Credit Tenants | Growing Population
  • 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, Gerber Collision and Glass investment property located in Prairieville, Louisiana. The tenant, Gerber Collision and Glass, recently signed a brand new 5-year lease with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases at the beginning of each of the 5-year option periods, steadily growing NOI and providing a hedge against inflation. The lease has minimal landlord responsibilities making it an ideal, low management investment opportunity for a passive investor. Gerber Collision is one of the largest private auto collision and glass repair companies in North America with over 800 locations.

FOR SALE DETAILS

PRICE

$2,437,000 USD

PRICE/SF

$142 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Gerber Collision | New 5yr NN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

29

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

MU

APN/PARCEL ID

06218-400

ASK ABOUT THIS PROPERTY

Ryan TomkinsSRS Real Estate PartnersMore Info
858-603-8436

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Ryan TomkinsSRS Real Estate PartnersMore Info
858-603-8436

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