Gerber Collision

1746 Airport Boulevard, Cayce, SC

   SOLD!   

Market Price

Price

 
 
Overview
Description

Sutton Group exclusively offers a 27,000 SF freestanding Gerber Commercial & RV, at truck and vehicle related, Single Tenant Investment Property, on 4.3 Acres in Cayce, South Carolina. Gerber is operating under a NN lease with initial term going through January 2024, with (4) 5 year renewal options remaining. Rent escalates 5% at the beginning of each option period. This Gerber occupies a building that has been home to a collision center for over 40 years.

LL Responsibilities are the roof, structure, parking lot, pipes below the floor of the bldg, and HVAC system.

Highlights
  • A Collision business has been at this location for 40+ years
  • Cash on Cash is 8.21% and 5 Year IRR is 11.11%
  • 4 years left on the 5 yr term with 4-5 year options remaining
  • Rent escalated 5% at the beginning of each option period
  • NN Lease
  • Less than 5 miles from Columbia SC and USC
Documents
Title
Gerber_SC_Flyer_All_Three.jpg
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Location
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