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Gerber Collision

Market Price

1746 Airport Boulevard, Cayce, SC 29033

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Last Updated: 07/27/2021
 
 
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
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.

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