1704 S Lewis Street presents the opportunity to acquire a net leased commercial investment occupied by Gerber Collision & Glass, one of the largest collision repair and automotive glass service providers in North America. The property consists of an 11,000-square-foot commercial building positioned along South Lewis Street, a primary commercial corridor serving New Iberia and the surrounding Acadiana region. The location benefits from established commercial development, nearby residential neighborhoods, and convenient access to major local thoroughfares that support daily customer traffic and business visibility.
The property is leased to Gerber Collision & Glass through July 20, 2028, with three five-year renewal options and scheduled annual rental increases of 1.5%. Gerber Collision & Glass operates as part of Boyd Group Services Inc. and maintains an extensive network of locations throughout the United States and Canada. The tenant's established operating platform and long-standing presence within the automotive repair industry contribute to the property's investment profile.
The lease structure provides reimbursement of taxes and insurance expenses, helping reduce landlord operating responsibilities. The asset generates a reported net operating income of $54,553 and is offered at a price of $684,310. The combination of an established national tenant, contractual rent growth, renewal options, and a location within a mature commercial trade area creates an opportunity for investors seeking income-producing real estate with an operating business already in place.