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Gerber Collision & Glass

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Gerber Collision & Glass

1124 Carpenter Road SE, Lacey, WA 98503
Retail For Sale Available Built 1965 1 floors Zoning: CBD-5
Asking Price
$3,525,000
Total Building19,262 SF
Available19,262 SF avail
Land50,965 SF land
ConstructionMasonry
MarketLacey
CountyThurston

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Overview

Property ID
169219
Listing ID
710362
Type
Retail
Asset Class
Retail
Zoning
CBD-5

Description

For sale a Gerber Collision & Glass in Lacey, WA. The property features 7 years of firm lease term remaining, following a lease extension two years early from Gerber, demonstrating strong tenant commitment to the site. The lease features attractive 3% annual rent increases and is corporately guaranteed by Gerber Collision & Glass, with over 1,000 locations nationwide. The property has been well maintained with recent capital improvements including approximately $63,000 in plumbing line replacements. The lease features minimal landlord responsibilities, restricted to roof and structural elements only, providing a passive investment structure. Offered at approximately $183 per square foot, the property presents an opportunity to acquire a mission-critical collision repair facility at a basis

Listing Courtesy of:

CB
Clayton Brown
Marcus & Millichap, Inc.
401 Union Street, 32nd fl,
Seattle, WA 98101
State: WA City: Lacey ZIP: 98503 Type: For Sale

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Disclaimer: The information contained in this listing has not been verified by Muljat Commercial and should be verified by the buyer.