Gerber Collision & Glass - Net Lease Property for Sale
Greenville, AL
Key Investment Metrics
Price
$420,000
Cap Rate
7.3%
Net Operating Income
$30,844
Building Size
5120 SF
Lot Size
5,120 SF
Land Area
2.02 Acres
Remaining Term
1.1 years
Lease Expiration
06/28/2027
Lease Term
5 years
Lease Commencement
06/28/2002
Lease Type
NN
Tenant Credit
Corporate Guarantee
Year Built
2002
Occupancy
100%
Tenancy
Single
Rent Increases
Yes
About This Gerber Collision & Glass Net Lease Property
This Gerber Collision & Glass NNN (triple net lease) property is located in Greenville, AL and represents an excellent investment opportunity for commercial real estate investors. The property features 5120 square feet of building space and was built in 2002.
With a cap rate of 7.3%, this Gerber Collision & Glass net lease property offers stable income potential. The asking price is $420,000, making it an attractive option for 1031 exchange investors seeking quality Gerber Collision & Glass commercial properties.
Why Invest in Gerber Collision & Glass NNN Properties?
- Stable Income: Gerber Collision & Glass net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Gerber Collision & Glass is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Greenville, AL Market Overview
Located in Greenville, AL, this Gerber Collision & Glass property benefits from strong local demographics and market fundamentals. The Greenville area offers excellent visibility and accessibility, making it an ideal location for Gerber Collision & Glass operations and a solid investment for net lease property buyers.