Glenwood Springs, CO - Gerber Collision & Storage Lot

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, Gerber Collision investment property located in Glenwood Springs, Colorado. The tenant, Gerber Collision recently executed their first 5-year option period and has 2 (5-year) options to extend remaining, demonstrating their commitment to the site. The lease features 5% rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. The property also receives additional income from the adjacent storage yard that generates $3,127 in monthly rental income. Gerber Collision is one of the largest auto collision and glass repair companies with over 800 locations across North America.

The Gerber Collision is located along Interstate 70 (27,000 VPD), the primary east/west commuter thoroughfare traveling through Glenwood Springs, CO. The asset is close proximity to Glenwood Springs Shopping Center, a 405,000 SF prominent retail center anchored by Target, Lowe’s Home Improvement, ULTA Beauty, and Petco. The property is in the center of a primary retail corridor with other nearby national/credit tenants including Tractor Supply Company, Boot Barn, Ross, Culver’s, Arby’s, Chili’s, and more, further increasing consumer traffic to the site. The 5-mile trade area is supported by a population of over 12,900 residents and 11,200 employees with an average household income of $115,129.