Gerber Collision - Abilene, TX

Located in the bustling city of Abilene, TX, the area surrounding the property offers a vibrant mix of retail and vehicle-related establishments. Nearby points of interest include the bustling Mall of Abilene, attracting a steady flow of potential customers. The area is also home to various car dealerships, auto repair shops, and retail outlets, creating a hotbed of activity for businesses in the retail and vehicle-related sectors. With its strategic placement in Abilene, this location provides convenient access to major thoroughfares and a strong customer base, making it an attractive prospect for retailers and vehicle-related businesses looking to thrive in a dynamic commercial environment.Graystone Capital Advisors is pleased to present the opportunity to acquire the fee-simple interest in a single-tenant Gerber Collision & Glass property located in Abilene, TX. This investment offers a stable and secure income stream backed by a corporate guarantee from Gerber Collision, one of the leading auto collision and glass repair companies in North America. The property is under a long-term Triple Net (NNN) lease, which commenced on December 14, 2018, with a remaining term of approximately 4.75 years. The lease includes 8% rental increases every five years, providing an attractive hedge against inflation. Additionally, the lease offers three five-year renewal options, ensuring long-term income potential. The property has undergone significant renovation and expansions. An additional 22,005 SQFT of structure was added in phases between 2014 and 2019 with new asphalt and concrete parking installed. Buildings have brand new TPO roof installed in Feb 2024.