Overview

Description

RI Marketplace Online Auction June 3-5, 2024
Register to Bid on Marketplace:

https://rimarketplace.com/auction/1940/double-digit-cap-rate-gerber-collision-portfolio?utm_source=brevitas&utm_medium=listing&utm_campaign=retail_1940

Legacy Commercial Group is pleased to present an exclusive offering to acquire a portfolio of three (3) single-tenant Gerber Collision & Glass locations throughout Ft. Wayne, IN. These are long-term proven collision & glass locations that were acquired by Gerber in 2020. Gerber has since shown their commitment to the sites by signing early lease extensions all three locations. These leases are identical in structure and feature limited landlord responsibilities as well as rental increases in each of the four remaining renewal options.

Dennis Jackson, Auctioneer
Fisher Auction Company Inc.
License: AU01014422

Highlights

• Commitment to All Three Sites shown by Early Lease Extensions | Expiring March 31, 2030
• Proven Long Term Collision & Glass Locations | Strategic Positioning Throughout Ft. Wayne, IN
• Low Rent / Low Cost of Occupancy Locations | Average Lease Rate of $4.44
• Limited Landlord Responsibilities | 5% Increases in Each Option

Documents

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