3943 U S Highway 29 - Auto Repair FOR SALE
Danville, VA 24540 |
$2,735,350 USD
704-498-8902
3943 U S Highway 29
Danville, VA 24540
HIGHLIGHTS
- Gerber Collision & Glass is the nation’s 2nd leading collision repair company with 1,300+ locations across the U.S. and an annual revenue of $3.14B.
- The tenant is responsible for all operating expenses, maintenance, repairs, insurance, and taxes, resulting in zero landlord responsibilities.
- Purpose-built and extensively improved in 2008 to accommodate specialized collision repair operations.
- Gerber Collision & Glass operates two locations in Danville, with no other Corporate Consolidators competing in the market.
- Positioned within a designated opportunity zone, offering significant tax advantages for long-term investors.
- Collision repair demand is driven by insurance claims and vehicle miles traveled, providing stable performance across economic cycles.
OVERVIEW
Sands Investment Group is pleased to exclusively offer for sale the 12,730 SF Gerber Collision & Glass located at 3943 US Highway 29 in Danville, VA. This purpose-built collision repair facility features specialized automotive improvements completed in 2008 and was later acquired by Gerber Collision & Glass in 2019. The property's tailored design, established operating history, and tenancy with a leading national collision repair operator provide investors with a unique and compelling automotive service investment opportunity.
In Cooperation With Sands Investment Group, Inc - Lic. #0226037527 BoR: Tom Gorman - Lic. VA #0225269275
FOR SALE DETAILS
PRICE
$2,735,350 USD
PRICE/SF
$215 USD /SF
CAP RATE
6.49%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Gerber Collision & Glass - Danville, VA
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Auto Repair
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2008
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
2.35 AC
LAND SF
102,366 SF
ZONING
B-2
APN/PARCEL ID
2420-63-1109
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704-498-8902
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704-498-8902
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