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Gerber Collision & Glass | Double (NN) Net Lease Investment

$2,407,538

2730 Palm Bay Road Northeast, Palm Bay, FL 32905

Pending
Last Updated: 05/03/2021

6.5

Cap Rate

156,490

NOI

Details:
Cap Rate:    6.5%
NOI:    $156,490
Building Size:    15,810 sqft
Lot Area:    1.52 acres
Lease Type:    Double Net
Year Built:    1978
Price Per Sqft:    $152.28
Roof & Structure :    Landlord Responsibility
Repairs, Maintenance, HVAC & Utilities :    Tenant’s Responsibility
Property Taxes, Insurance & Common Area :    Tenant's Responsibility
Highlights:
  • Paying Rent in Full During Pandemic Proving the Ability to Perform at This Location
  • Corporate Guaranteed By Parent Company Boyd Group, Which is Publicly Traded on Toronto Stock Exchange
  • Gerber Collision Operates Over 500 Locations Across the United States
  • Strategically Located Along Palm Bay Road Which is a Major East/West Retail Corridor in the Area That Sees a Traffic Count of Over 38,225 VPD
  • Excellent Demographics With a Population of Over 108,968 Residents Making an Average Household Income of $67,314 Within a 5-Mile Radius
  • Just 1-Mile From the L3 Harris Technologies Campuses; L3 Harris is a Technology Company, Defense Contractor and IT Services Provider
  • Less Than 1-Mile to the Palm Bay Elementary School; and Knecht Park Baseball Fields and Basketball Courts
  • Andretti Thrill Park is 3-Miles Away While the Spessard Holland Beaches and Gol f Course Are Just 20 Minutes Away
  • Palm Bay is Located Southeast of and About 1-Hour From Orlando, and 1-Hour South of the Kennedy Space Center
  • Neighboring Tenants Include: Publix, Walmart , Walgreens, Cracker Barrel , Starbucks, Chick-fil-A, Bass Pro Shops, BWW, Target , Academy and More
Description:

Sands Investment Group is Pleased to Exclusively Offer For Sale the 15,810 SF Gerber Collision & Glass Located at 2730 Palm Bay Road NE in Palm Bay, Florida. This Deal Includes a Tenant That Has Been Paying Rent in Full During the Pandemic Proving the Ability to Perform at This Location.

In Cooperation With SIG RE Services, LLC – Lic. # CQ1055229

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