Gerber Collision & Glass

Aurora, Illinois, is the second most populous city in the state, located about 40 miles west of Chicago. Founded in 1834, Aurora has grown from a modest village along the Fox River into a vibrant city known for its diverse community, historical landmarks, and strong industrial base. The city's rich history is reflected in its well-preserved architectural gems, including the Paramount Theatre and the Leland Tower, one of the tallest buildings in the area. Aurora's downtown area, known as "The City of Lights," was one of the first in the United States to implement an all-electric street lighting system, earning it its nickname. Today, Aurora boasts a thriving economy, bolstered by a mix of manufacturing, technology, and service industries. The city is also a cultural hub, offering residents and visitors a variety of attractions such as the Aurora Regional Fire Museum, Phillips Park Zoo, and the SciTech Hands-On Museum. Educational institutions, like Waubonsee Community College and Aurora University, provide excellent opportunities for higher learning. With its extensive park system, numerous festivals, and family-friendly atmosphere, Aurora continues to be a dynamic and welcoming community.Fortis Net Lease proudly presents this prime Gerber Collision property nestled in Aurora, Illinois, just 20 miles west of Downtown Chicago. Aurora, renowned for its high livability and safety, is a sought-after location in Illinois. This property boasts dual rental income streams from Gerber Collision and Classic Towing, with a mutually advantageous relationship between the two entities enhancing their coexistence. Investors will realize a 10% rent increase from Gerber by the end of 2025, while Classic Towing's yearly lease arrangement offers significant potential to boost Net Operating Income (NOI) and achieve an exceptional Cash on Cash return. Gerber has occupied this property for two decades and their dedication is highlighted by their proactive lease amendment, which includes four additional five-year extension options, underscoring their commitment to this location. With approximately 200,000 residents residing within a five-mile radius of Aurora and an average household income of $100,000, this property is strategically positioned in a bustling area teeming with National Credit Tenants like AutoZone, Meineke, Firestone, Starbucks, Sherwin Williams, Five Below, and many Quick Service Restaurants.