Asking Price: $2,189,829
Building Size: 10,647 SQ FT
Lot Size: 89298
Cost per Square Foot: $205.68
Cap Rate: 7.00%
Trinity REIS is pleased to present the opportunity to acquire a Gerber Collision in Fayetteville, NC. There are currently 10 years remaining on the primary term with an anticipated 10% increase in May 2021.
The Subject Property is part a single-tenant net lease portfolio. For more information regarding this property, or the 8 others in the portfolio, please reach out to Trinity REIS. The portfolio consist of 9 properties for a total purchase price of $15M with a blended cap rate of 7.72% and average lease term remaining of 9 years. Other tenants in the portfolio; Burger King (corporate), Gerber Collision, Dollar General, EZ Pawn and more.
Key Points: Absolute NNN Lease Gerber Collision - 12 Years Remaining on Current Term 21% Aggregate Rental Increase During Next 10 Years of Lease Store Reporting Strong Sales - Required to Report Financials on Annual Basis Healthy Trade Area - 150,000 Residents Within 5 Miles of Property Gerber Collisions Has Over 500+ Locations in the US Several Auto Dealerships and Auto Related Businesses Surrounding Location